By Steve Kardell | Published August 8, 2019 | Posted in Whistleblower Litigation | Tagged Tags: experienced attorney, have information to report to the SEC, SEC whistleblower claim, SEC whistleblower program, whistleblower award |
What You Need to Know About Filing an SEC Whistleblower Claim
The U.S. Securities and Exchange Commission’s (SEC) whistleblower program gives would-be tipsters an opportunity to earn a significant amount of money for reporting unique and actionable information on fraud and other wrongdoing in their companies or government agencies. Most recently the organization paid out $50 million to a pair of financial whistleblowers, but there have Read More
Read MoreCFTC Hands Out $45 Million Award to Group of Whistleblowers
The Commodity Futures Trading Commission (CFTC) recently awarded a group of whistleblowers more than $45 million for helping the agency identify fraudulent activity. Representatives of the CFTC said that this extraordinarily high payout, which represents a substantial increase from the awards granted in past years that tended to be smaller in scope, are evidence the Read More
Read MoreInsurance Company Sued by Los Angeles Hospital Over $42 Million Whistleblower Settlement
A now-closed hospital in Los Angeles filed a lawsuit against its insurance provider, alleging a denial of coverage to the facility while the hospital was publicly criticized for alleged illegal referral agreements. The case stems from a whistleblower lawsuit filed in 2013 by Paul Chan against Pacific Alliance Medical Center (PAMC) under the False Claims Read More
Read MoreAdministrative Review Board Upholds $1.1 Million Maritime Whistleblower Award
The U.S. Department of Labor’s Administrative Review Board (ARB) decided to uphold a $1.1 million whistleblower award issued to a ship captain who lost his job after reporting safety violations on his vessel. The captain, John Loftus, filed a whistleblower lawsuit against Horizon Lines, Inc., his former employer, under the Seaman’s Protection Act. In the Read More
Read MoreRecent Whistleblower Cases, Court Decisions Further Incentivize Whistleblowers to Come Forward
The federal government has done an excellent job of incentivizing whistleblowers to come forward with information about securities laws violations in recent years, thanks to the numerous protections it has added for people who report this information. Now, record awards from the U.S. Securities & Exchange Commission and recent Supreme Court rulings have made it Read More
Read MoreWhistleblower Receives $1.1 Million Award in Case Involving Sonoma Valley Boys Home
A jury in Sonoma County awarded $1.1 million to a whistleblower in a case against the Hanna Boys Center, ruling the whistleblower had been wrongfully terminated for raising his concerns about drug use, bullying and other issues at the boys’ home. The whistleblower was Tim Norman, who had worked as head of clinical care at Read More
Read MoreFormer Bryan Cave Partner Accused of Attempting to Conceal Hack
A former partner at Bryan Cave Leighton Paisner stands accused of encouraging a client to hide information from the Federal Trade Commission revealing that his cybersecurity firm revealed patient data obtained with the use of spying software she supplied while working as a federal prosecutor tracking and fighting against child pornographers. The lawsuit claims LabMD, Read More
Read MoreWhistleblower Awarded $9 Million in Case Against PHH Corp.
A whistleblower recently received $9.4 million for the role she played in identifying misconduct at PHH Corp, a mortgage lender based in New Jersey. The corporation will be responsible for paying $74.5 million to resolve claims that the company’s loan practices put the government and borrowers at risk. The settlement was announced by the U.S. Read More
Read MoreRecent Whistleblower Case Shows Potential for Reduction in Monetary Awards
On February 28, the U.S. Securities and Exchange Commission (SEC) awarded a whistleblower 20 percent of the sanctions paid in association with an enforcement action brought forth as a result of unique information provided by that whistleblower. In this case, the SEC clarified that the whistleblower’s own culpability in some of the securities violations at Read More
Read MoreRule Changes Allow CFTC to File Whistleblower Retaliation Claims
Recently implemented rule changes allow the Commodity Futures Trading Commission (CFTC) to file whistleblower retaliation claims against employers. These changes, adopted in May, also prevent employers from preemptively forbidding employees from communicating with the CFTC. The new rules, which were adopted unanimously, also establish a new claims review process. This will help establish initial determinations Read More
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