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By a 6 to 3 vote, in the case of Lawson v. FMR LLC, 12-3, the Supreme court of the United States (SCOTUS) has expanded the reach of a federal law enacted in response to the 2001 Enron Corporation disastrous collapse. the Court stated that the law protects people who work for a public company's contractors, including law firms and auditors.
The Lawson case involved whistle-blower claims by two former employees of a privately - held
company that provides investment advice and management services to the Fidelity Mutual Funds.
The case centered on protections that watchdog groups and president Barack Obama's Administration say are important to prevent another Enron-like catastrophe.
Enron, once the world's largest energy trader, collapsed after using off-books partnerships to hide billions in losses and debt. The massive fraud also brought down the once-powerful auditing firm Arthur Andersen -- Enron's auditing firm.
The plaintiffs in Lawson v. FMR LLC,12-3, were Jackie Hosang Lawson and Jonathan M. Zang, who
worked for units of privately-held FMR LLC. The units provide investment advice and management services to publicly traded Fidelity Mutual. Lawson and Zang alleged they lost their jobs after reporting fraud on the part of Enron.
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