Leadership Investigate

Seventh Amendment: Sarbanes-Oxley Act Whistleblower Claims and Jury Trials

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Executive Summary

In the early part of the twenty-first century, corporate fraud and greed led to the downfall of two major multinational corporations, Enron and WorldCom. Corporate scandals caught the attention of the general public, corporations, Wall Street, and Congress like few scandals ever have before.' The primary victims of the scandals-company employees, investors, and pensioners-suffered greatly from the companies' deceptive practices and ultimate collapses. Investigations into these debacles revealed that certain employees in these companies had identified the fraudulent practices that ultimately led to the destruction of their corporations, yet these employees were discouraged from reporting the practices because of a lack of legal protection for whistleblowers.

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