Despite reports of a federal government crackdown on leaks and whistleblowers, a review of the amount of whistleblower settlements in 2012 will blow your mind. Across all business disciplines and governmental agencies, whistleblowing led to major settlements.
Spanning the spectrum of American businesses, whistleblowers were awarded significant sums of money in 2012. The United States Department of Justice recovered almost $5 billion in False Claims Act cases — most of which were filed under the False Claims Act’s whistleblowing Qui Tam provision, which provides tipsters with financial rewards. Bradley Birkenfeld, former UBS banker, received $104 million for revealing the bank’s extensive scheme to enable U.S. citizens to hide their money and avoid taxes. In Knoxville, Tennessee, a truck driver, who was fired for complaining about his employer’s safety violations, won more than $30,000 after a three-year struggle.
Following is a list of the largest known whistleblower settlements in 2012:
Whistleblowers face a lengthy legal battle before trial or settlement. They may also lose their livelihood, their friends and perhaps even their freedom.
For further information about Texas whistleblower suits, consult with a whistleblower attorney today.