SEC Must Decide On Teva Whistleblower Award, DC Circ. Told

Law360 (May 1, 2019, 8:47 PM EDT) -- A purported whistleblower who claims to have alerted the U.S. Securities and Exchange Commission to misconduct by Teva Pharmaceutical Industries Ltd. eight years ago has accused the securities regulator of taking too long to decide whether to issue an award.

The unnamed petitioner asked the D.C. Circuit on Monday to require the U.S. Securities and Exchange Commission to preliminarily decide within 60 days whether to grant a monetary award for supposedly alerting the regulator to misconduct that resulted in a $519 million deal, according to a petition for writ of mandamus.

The petitioner called the delay unreasonable, but Rebecca Katz, an...

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