A U.S. appeals court has tossed the retaliation claims brought against Morgan Stanley Asia by the investment bank’s former lawyer, solidifying previous court decisions that a federal whistleblower protection law does not apply to overseas employees of U.S.-based companies.
In a unanimous ruling (pdf) released Tuesday, a three-judge penal of the U.S. Court of Appeals for the D.C. Circuit said they won’t review the case of Christopher Garvey, a U.S. citizen who had been working in Hong Kong as the top attorney for the Asian subsidiary of Morgan Stanley between 2006 and 2016.
According to the complaint, Garvey raised concerns with his superiors in the banks’ New York headquarters about alleged U.S. securities law violations, including insider training, market manipulation, U.S. tax fraud, and other forms of corporate corruption….