Federal Court Rejects Wells Fargo’s Defense for Firing Whistleblower
- posted: Mar. 14, 2024
- Wrongful Termination
As a regional bank executive for Wells Fargo, John Sotoodeh oversaw hundreds of branches in California and throughout the Southwest region. During his time at the multinational financial institution, a Read More
D.E. Shaw Pays $10 Million for Anti-Whistleblowing Language in Employee Agreements
- posted: Mar. 07, 2024
- Whistleblower Litigation
Under the rules of the Securities and Exchange Commission (SEC), financial institutions cannot prevent their employees from contacting the SEC regarding improper activity they recognize as part of their work. Read More
What Three SEC Whistleblower Protection Actions Say About Employee Agreements
- posted: Dec. 21, 2023
- Employee Rights,  Whistleblower Litigation
Three recent enforcement actions from the SEC underscore the importance of companies reviewing their employee agreements, especially in relation to whistleblower protection. All three cases targeted both private and public companies Read More
SEC Fines Nebraska Company for Violating Whistleblower Safeguards
- posted: Oct. 31, 2023
- Employee Rights,  Whistleblower Litigation
The Securities and Exchange Commission (SEC) recently imposed a $225,000 fine on Monolith Resources, a privately held energy and technology company based in Lincoln, Nebraska. The company allegedly required departing Read More
SEC Settles Claim Against Video Service for Whistleblower Retaliation and Falsified Subscriber Counts
- posted: Sep. 19, 2023
- Whistleblower Litigation,  Fraud
The U.S. Securities and Exchange Commission (SEC) announced in May that they had settled charges against Gaia, Inc., a Colorado-based company offering video subscription services in the wellness industry. The Read More
SEC Settles Enforcement Action Against Activision Blizzard
- posted: Jul. 13, 2023
- Whistleblower Litigation
In February 2023, the Securities and Exchange Commission settled an enforcement action against Activision Blizzard Inc., a publicly traded video game company. The SEC accused Activision of failing to maintain Read More
Former Barclays Executive Asks Second Circuit to Hear Retaliation Claim
- posted: Jul. 11, 2023
- Employee Rights,  Whistleblower Litigation
A former Barclays vice president has asked the Second Circuit to overturn a ruling in favor of Barclays, claiming he was shut out of meetings and fired after sounding an Read More
Whistleblower Receives Over $37 Million from SEC
- posted: Apr. 18, 2023
- Whistleblower Litigation,  Fraud
The Securities and Exchange Commission awarded over $37 million to a whistleblower who came forward with information leading to a successful SEC enforcement action, and a related action. The SEC’s Office Read More
Whistleblower Nets $20 Million from the SEC
- posted: Feb. 07, 2023
- Whistleblower Litigation
The Securities and Exchange Commission (SEC) has a Whistleblower Program, which encourages insiders to provide tips regarding wrongdoing. Qualified whistleblowers may receive anywhere from ten to 30 percent of the Read More
Findings From the 2022 SEC Whistleblower Program Report
- posted: Jan. 26, 2023
- Whistleblower Litigation,  Fraud
The Securities and Exchange Commission (SEC) just released their Whistleblower Program report for the 2022 fiscal year. The Whistleblower Program incentivizes whistleblowers to report wrongdoing. The findings reveal that the Read More
SEC Fixes Flawed Provision in Whistleblower Rule
- posted: Dec. 22, 2022
- Whistleblower Litigation
Investment and public interest groups applaud recent changes in Securities and Exchange Commission (SEC) rules. After previous efforts to weaken these rules, the SEC restored the regulations to better award Read More
SEC Considering Return to 30 Percent Awards for Corporate Whistleblowers
- posted: Aug. 18, 2022
- Whistleblower Litigation,  Fraud
The U.S. Securities and Exchange Commission (SEC) recently proposed some changes to its whistleblower program that could potentially affect compensation received by whistleblowers through the program. Under the current rules, whistleblowers Read More
New Bill Would Create Shorter Wait Time for SEC Whistleblower Awards
- posted: Jul. 21, 2022
- Whistleblower Litigation,  New Legislation
The Whistleblower Program of the Securities and Exchange Commission (SEC) has been a significant success since its implementation in the Dodd-Frank Wall Street Reform Act, but there have been some Read More
SEC Awards Approximately $6 Million to Five Whistleblowers
- posted: Jul. 14, 2022
- Whistleblower Litigation
On April 25, the U.S. Securities and Exchange Commission issued whistleblower awards to two groups of recipients comprising five total whistleblowers. According to the SEC, both of these group sof Read More
SEC Issues Whistleblower Awards Totaling $3 Million
- posted: May 24, 2022
- Whistleblower Litigation
The U.S. Securities and Exchange Commission (SEC) recently issued three separate whistleblower awards totaling approximately $3 million. According to the commission, each of these awards featured whistleblowers who voluntarily provided Read More
SEC Considers Changes to Rules of its Whistleblower Program
- posted: Mar. 31, 2022
- Whistleblower Litigation,  Fraud
On February 10, the U.S. Securities and Exchange Commission announced a pair of proposed changes to some of the rules that govern the agency’s successful whistleblower program. The proposed amendments are Read More