A panel of federal appeals court judges on Tuesday appeared reluctant to reinstate whistleblower claims for former Barclays Capital Inc. executive Brian La Belle.
The US Court of Appeals for the Second Circuit’s three-judge panel agreed with Barclays’ position during questioning that La Belle isn’t a protected whistleblower because he complained about violations of a policy implemented by Barclays to prevent fraud—not a policy required by the federal government.
“It’s not required by the SEC. Isn’t that where you start and stop?” Second Circuit Judge Richard Sullivan asked La Belle’s attorney, Steven Barentzen of the Law Office of Steven Barentzen. ...
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