New And Improved Whistleblower Incentives

Law360, New York (December 15, 2011, 3:05 PM EST) -- Over the last couple of decades, law enforcement officials increasingly have encouraged corporations and their employees to report wrongdoing.

Corporations have been encouraged by the expectation of leniency from prosecutors in exchange for cooperation. Employees have been encouraged, first by legislation insulating them from retaliation by their employers, and now by the offer of a monetary award for reporting certain types of wrongdoing.

These changes have led, in part, to the U.S. Securities and Exchange Commission filing a record 735 enforcement actions in fiscal 2011, resulting...
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