Strategies For Whistleblower Mitigation

Law360, New York (October 31, 2013, 5:45 PM EDT) -- On Oct. 1, 2013, the U.S. Securities and Exchange Commission announced it had given a record $14 million award to a whistleblower whose information led to an enforcement action by the commission. There is currently no confirmation of the company’s identity, as the whistleblower chose to remain anonymous.

Nevertheless, Commission Chairwoman Mary Jo White’s pronouncement on the most recent payment is cause for reflection. She noted that “[w]e hope an award like this encourages more individuals with information to come forward.” Given that the first whistleblower...
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