MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Tuesday, August 12, 2014 Should the SEC Aid the Vanguard Whistleblower? David Danon's whistleblower case against Vanguard, alleging the low cost giant is a billion dollar tax dodger, is escalating. Danon's suit was unsealed in July, arguing that Vanguard has run an illegal tax shelter for almost four decades, evading $1 billion in federal taxes as well as $20 million in New York State taxes. Now, the Wall Street Journal reports that Vanguard is pushing to get back confidential documents that Danon is using in the suit. The Journal cites legal experts who say that this legal fight over the documents could define the parameters governing how much employees, like former in-house attorneys, can use such information in their SEC whistleblower suits. The newspaper reports that the SEC filed its first suit seeking penalties against companies that infringe upon whistleblower legal safeguards in June, against a hedge-fund advisor. Printed from: MFWire.com/story.asp?s=49393 Copyright 2014, InvestmentWires, Inc. All Rights Reserved |