SEC Investigation into overly restrictive non-disclosure agreements was triggered by complaint filed by former KBR Contractor Harry Barko
Washington, D.C. , 2015. April 1, 2015. Today the U.S. Securities and Exchange Commission sanctioned defense contractor KBR for requiring its employees to sign restrictive non-disclosure agreements that prohibited employees from properly reporting fraud and misconduct to appropriate regulatory authorities. A copy of the SEC release on this matter, and the SEC’s enforcement action are linked.
The SEC investigation was triggered by a complaint filed by Kohn Kohn & Colapinto on behalf of a former KBR employee, Mr. Harry Barko. Read a copy of the KKC’s February 19, 2014 complaint.
Mr. Barko’s attorney, Stephen M. Kohn, issued the following statement:
“This is an historic day for whistleblowers. Corporations have a history of silencing employees by forcing them to sign highly restrictive non-disclosure agreements. Today’s action by the SEC signals the advancement of nation-wide corporate reform. Transparency has triumphed over censorship.”
