Parent company ruled not liable for whistleblower's termination
An employee of a non-publicly traded subsidiary failed to show sufficient common management and purpose on the part of the subsidiary's publicly traded parent and, therefore, the parent company's corporate veil could not be pierced in order to hold it liable for the employee's termination, allegedly in violation of the whistleblower protection provisions of the Sarbanes-Oxley Act of 2002 (SOX), according to CCH, Inc.
In the absence of any evidence that the parent company was sufficiently involved in the management and employment relations of the subsidiary, the employee's complaint was properly dismissed.