The Fifth Circuit Court of Appeals agreed with the district court that Robert Moody, Jr. was not an employee of American National Insurance Company (ANICO) when the company ended its contract with Moody Insurance Group (MIG). Moody was an employee of MIG, the company he owned, when he charged ANICO’s officers and board members with violating SEC regulations. ANICO then ended its contract with MIG. Moody filed a whistleblower complaint against ANICO. Moody, however, was not a party to the contract between MIG and ANICO and was not employed by ANICO. Moody failed to show he was a covered employee of ANICO and protected by the Sarbanes-Oxley Act. Read more.Â
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