SEC Whistleblowers Net $50M In Third-Largest Single Award
Law360 (March 26, 2019, 8:22 PM EDT) -- Two unidentified whistleblowers were awarded a combined $50 million for helping the U.S. Securities and Exchange Commission launch a successful enforcement action, bringing the agency's total payouts to $376 million since it launched the whistleblower program in 2011, the SEC announced Tuesday.
One whistleblower received $13 million, and the other received $37 million — the third-largest single amount paid to a whistleblower after a $49 million payout in a March 2018 enforcement action and a $39 million award in a September action.
The current enforcement action was not named by the agency Tuesday, but according to Jordan Thomas of Labaton Sucharow...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!