Whistleblowers score major victory in bank case

The U.S. Supreme Court issued an important ruling for whistleblowers Feb. 21 in determining that in a case from the 2008 financial crisis that courts have been using too narrow a legal standard in considering whistleblower suits under the False Claims Act that punishes those defrauding the government. The decision will open the gates to more whistleblower cases. The case involved two former bank employees who alleged fraud at Wachovia and World Savings Bank. Well Fargo absorbed both banks and is the defendant in the case. (The New York Times, February 24, 2017, by Gretchen Morgenson)