Multiple public companies respond to shareholder demands alleging violation of SEC whistleblower-protection rules

Client(s) Motor vehicle parts manufacturer

Jones Day advised the boards of directors of multiple public companies in responding to shareholder demands alleging violation of SEC whistleblower-protection rules. The shareholders, all of whom were represented by the same two law firms, asserted that the confidentiality and non-disparagement provisions of various types of agreements (employment agreements, severance agreements, equity-award agreements) violated SEC rules protecting whistleblowers.