By Steve Kardell | Published February 15, 2021 | Posted in Whistleblower Litigation | Tagged Tags: SEC award, Securities Exchange Commission, whistleblower award |
The U.S. Securities and Exchange Commission (SEC) recently announced an award of more than $6 million to be shared by a pair of whistleblowers who provided the agency with information that led to a successful enforcement action, and related actions by other government agencies. According to the SEC, the substantial assistance provided by the whistleblowers Read More
Read MoreThe 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 MoreThe 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 MoreA 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 MoreThe 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 MoreThe 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 MoreA 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 MoreA 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 MoreA 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 MoreOn 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
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