Sarbanes-Oxley (Sox) cases can be very complicated, but very beneficial to executives. North Carolina attorney Kathryn Abernethy explains what a person can recover through a Sarbanes-Oxley case. Based out of Raleigh, attorney Abernethy has decades of experience working sox cases. This is part of a recurring employment law series where she helps explain North Carolina employment law. You may also read the transcription of the video below.
Transcription: What Remedies Can a Successful Sarbanes-Oxley Claim Recover?
Tax claimant can recover economic damages, backpay. They can also recover compensatory damages which can include things like present value of future economic losses that can be proven to a reasonable degree of certainty.
Medical expenses that are occurred out of pocket.
You know, compensatory and punitive damages usually are, I would say some of the bigger categories of damages in Sox analysis unless you’ve got a very high wage-earning plaintiff. In which case maybe their economic damages are higher because of what they were making.
But you have a pretty full panoply of remedies there.
