Defendant Name:
KBR, Inc.
Defendant Type:
Public Company
Document Reference:
2015-54
Document Details
Legal Case Name
In the Matter of KBR, Inc.
Document Name
SEC: Companies Cannot Stifle Whistleblowers in Confidentiality Agreements
Document Date
01-Apr-2015
Document Format
Administrative Proceeding
Allegation Type
Other
Document Summary
On April 1, 2015 the SEC announced that it charged KBR, Inc. "with violating whistleblower protection Rule 21F-17 enacted under the Dodd-Frank Act." This action is the first against a company for using improperly restrictive language in confidentiality agreements with the potential to stifle the whistleblowing process.
Disgorgement & Penalty Information
Resolutions
Cease and Desist Order
KBR agreed to amend its confidentiality statement to clarify that employees are free to report possible violations to the SEC and other federal agencies without prior authorization or threat of retaliation