Fidelity Whistleblower Case Ruled For Fidelity

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On Tuesday a U.S. jury sided with Fidelity Investments. They rejected a claim the mutual funds company retaliated against a former employee after she complained that it potentially defrauded investors by incorrectly calculating expenses.
Jackie Lawson is a former senior director of finance at Fidelity who resigned in 2007. She sued the mutual funds company in Boston federal court in 2008 claiming it had violated laws intended to protect whistleblowers by retaliating against her.
The jury found that Lawson failed to prove that she had either a subjective or objective belief that Fidelity had been engaged in conduct that violated federal securities laws.

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