Big Trial starts tomorrow: Interesting Litigation still pending in Levi Strauss Co, “Little Rock Six” Whistleblower termination suit.

The following is published at Wikipedia, here:

Pending SOX (Sarbanes-Oxley) Litigation:

Levi Strauss & Co.

Robert Schmidt and Thomas Walsh had significant leadership roles at Levi Strauss & Co. (LS&Co), as directors of the global tax department.[21] While employed by LS&Co. in that capacity, they were instructed to withhold material documents from the IRS and to limit information to LS&Co.’s new auditor, KPMG. Schmidt and Walsh refused, advising their supervisors that they would not be a party to fraud. On December 10, 2002, LS&Co. summarily fired the two directors. LS&Co.’s termination of Schmidt and Walsh occurred approximately five days before KPMG arrived on site to conduct a comprehensive audit of the company. The trial in this litigation is scheduled to start March 31, 2008 in the US District Court in San Francisco, California.

Gerald R. Brookman was hired by LS&Co. on January 18, 2005 as an IMS/DB2 systems programmer at the company’s Westlake, Texas IT facility, at a starting yearly salary of $85,000.[22] When the Sarbanes-Oxley Act (SOX) audit conducted by E&Y in 2Q05 revealed major deficiencies, senior LS&Co. management ordered Brookman and others to conceal these problems from KPMG. On October 20, 2005, Brookman and all six employees of the transportation department in the Little Rock, Arkansas nationwide distribution center were terminated. LS&Co.’s termination of Brookman and the “Little Rock Six” occurred approximately four days before KPMG arrived on site to conduct an audit. A civil RICO federal lawsuit has been filed against LS&Co. on behalf of Brookman, the “Little Rock Six”, and 74 other LS&Co SOX whistleblowers who were terminated in 2005.

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