The U.S. Department of Labor's Occupational Safety and Health Administration has discovered that the Bank of America Corp. has violated the whistleblower protection provisions of the Sarbanes-Oxley Act after it improperly fired an employee.
Bank of America must reinstate and pay the employee roughly $930,000 for back wages, interest, compensatory damages and attorney fees. OSHA's San Francisco regional office conducted the investigation after receiving a complaint from the Los Angeles-based employee.
"It's clear from our investigation that Bank of America used illegal retaliatory tactics against this employee," says OSHA Assistant Secretary Dr. David Michaels. "This employee showed great courage reporting potential fraud and standing up for the rights of other employees to do the same."
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