A former chief financial officer for a small Virginia bank has been ordered back to work under the Sarbanes-Oxley Act's whistleblower protections.

But despite the ruling from the Department of Labor's Administrative Review Board, Floyd, Va.-based Cardinal Bankshares Corp. said it would wait until compelled by a court to bring former executive David Welch back. The ruling -- which denies a request from Cardinal to stay a judge's early order to take Welch back -- is just the latest in a battle that has now lasted well over three years.

Register or login for access to this item and much more

All Accounting Today content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access