Javerbaum Wurgaft Partner Drake P. Bearden, Jr. has filed a lawsuit against Holtec International Corporation (HIC) and Holtec International Power Division (HIPD) on behalf of Kevin O’Rouke, former Chief Financial Officer (CFO) of HIC. Mr. O’Rouke claims that Holtec terminated his employment after he resisted submitting false financial statements to a major investor, an issue involving hundreds of millions of dollars.
Recently, the case was highlighted in an article entitled, “Ex-Holtec CFO accuses the company of ‘make believe’ financial statements in whistleblower suit,” published on Yahoo.com.
The lawsuit claims that Holtec terminated Mr. O’Rourke when he objected to including false information in a prospectus intended for Hyundai Engineering and Construction.
“As a whistleblower, Mr. O’Rourke bravely spoke out against the misconduct at Holtec. Whistleblowers should be protected for their commitment to integrity,” said Bearden. “The upcoming court proceedings will provide a platform to examine the facts and determine Holtec International Corp.’s level of responsibility and accountability.”