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Whistleblower Wins $1.5 Million Against Bank on Violations of Sarbanes-Oxley, Defamation and Other Claims; and Defeats All Six Counterclaims
Los Angeles, CA May 24, 2022 --(PR.com)-- An internal auditor fired by BofI Federal Bank (now Axos Bank) after his whistleblowing on unlawful activities at the Bank has won his federal lawsuit in San Diego, California. Charles Matthew (“Matt”) Erhart filed a complaint in October 2015 in U.S. District Court for the Southern District of California against BofI Federal Bank, alleging that he was retaliated against and terminated after he reported wrongdoing at the bank to management and to federal regulators. He prevailed on his claims for violations of the Sarbanes-Oxley Act of 2002, California Labor Code § 1102.5, wrongful termination in violation of public policy, as well as on his claim for defamation.
The jury found that Mr. Erhart reasonably believed the following conduct by Bofl was a violation of state, local or federal law or regulation:
· provision of a misleading response to an SEC subpoena
· the existence of a host of loans to criminals and/or politically exposed individuals
· failure to disclose to regulators accounts with no Tax Identification Numbers
· failure to disclose...
CNN is defending its reporting on a statement given by Iranian officials regarding a ceasefire agreement the U.S. and Iran reached just hours before President Trump was set to launch an attack on ...