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Rumor Mill News Reading Room, Current Archive

Reader, fwd: Press Release - "National Whistleblowers Center: SEC Sanctions Federal Contractor for Illegal Non-Disclosures Agreements"

Posted By: hobie
Date: Thursday, 2-Apr-2015 02:43:36
www.rumormill.news/14082

(Thanks, N. :)

Reader N. forwards to us:

=====


National Whistleblowers Center
P.O. Box 25074
Washington, D.C. 20027
http://www.whistleblowers.org

FOR MORE INFORMATION, CONTACT:
Mary Jane Wilmoth
Paul Lyons
(202) 342-1902
mjw@whistleblowers.org
pl@kkc.com

FOR IMMEDIATE RELEASE

Press Alert: SEC Sanctions KBR
for Illegal Non-Disclosure Agreement

SEC Investigation into overly restrictive non-disclosure agreements was
triggered by complaint filed by former KBR Contractor Harry Barko

Washington, D.C. , 2015. April 1, 2015. Today the U.S. Securities and Exchange Commission sanctioned defense contractor KBR for requiring its employees to sign restrictive non-disclosure agreements that prohibited employees from properly reporting fraud and misconduct to appropriate regulatory authorities. A copy of the SEC release on this matter, and the enforcement action are attached.

The SEC investigation was triggered by a complaint filed by Kohn Kohn & Colapinto on behalf of a former KBR employee, Mr. Harry Barko. A copy of the February 19, 2014 complaint is linked.

Mr. Barko’s attorney, Stephen M. Kohn, issued the following statement:

“This is an historic day for whistleblowers. Corporations have a history of silencing employees by forcing them to sign highly restrictive non-disclosure agreements. Today’s action by the SEC signals the advancement of nation-wide corporate reform. Transparency has triumphed over censorship.”

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AN EXPLANATION OF THE FACTIONS