A whistleblower lawsuit has been filed in U.S. District Court, Southern District of New York against Moody’s Investors Service and parent company Moody’s Corp which claims the company violated the Sarbanes-Oxley corporate governance law through employment actions.
The whistleblower lawsuit was filed by Ilya Eric Kolchinsky, and got the go-ahead by U.S. District Judge Paul Crotty who ruled that, “Kolchinsky has sufficiently alleged that Moody’s took ‘unfavorable personnel action’ against him after he reported what he believed were potential violations of the federal securities laws and SEC rules.” More Whistleblower Lawsuit Filed Against Moody’s Corp

