IRS' $104M Whistleblower Award May Curb In-House Reporting

Law360, New York (September 12, 2012, 9:08 PM EDT) -- A staggering $104 million whistleblower award issued Tuesday by the Internal Revenue Service armed plaintiffs attorneys with a powerful new recruitment tool and promises to make it more difficult for companies to convince their employees to report misconduct internally, experts say.

The IRS gave the unprecedented award to Bradley Birkenfeld, a former UBS AG employee who helped expose the Swiss bank’s efforts to shield U.S. clients from taxes. Birkenfeld, who pled guilty and recently served 2 1/2 years in prison for his role in the scheme,...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.