News & Articles

Restrictive Language in Employment Confidentiality Agreements Can Lead to SEC Enforcement Action

By Kristin Nealey Meier

The Securities and Exchange Commission (SEC) is now taking action in employment issues. KBR, Inc. (an engineering company based in Houston) paid $130,000 to settle an SEC enforcement action accusing KBR of making employees sign a confidentiality provision that required the employee to keep any information given in an internal investigation confidential unless given permission by legal counsel. The SEC determined that this violated Dodd-Frank whistleblower provisions and the company agreed to the order.

If you have questions about confidentiality agreements, please contact an attorney in the Employment Rights, Benefits and Labor Group at Ryan Swanson.

 

Kristin Nealey Meier is a partner in Ryan, Swanson & Cleveland, PLLC’s Employment Rights, Benefits and Labor Group. She can be reached at 206.654.2293 or kmeier@ryanlaw.com.






This message has been created by the Employment Rights, Benefits & Labor Group at Ryan, Swanson & Cleveland, PLLC to advise of recent developments in the law. Because each situation is different, this information is intended for general information purposes only and is not intended to provide legal advice on any specific facts and circumstances. Ryan, Swanson & Cleveland, PLLC is a full-service law firm located in Seattle, Washington.

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