Lawyers Weigh In On SEC's Record Whistleblower Award
Law360, New York (September 22, 2014, 7:35 PM EDT) -- The U.S. Securities and Exchange Commission on Monday said that it planned to award more the $30 million to a corporate whistleblower, more than doubling its previous record payout and setting the securities bar abuzz. Here, attorneys tell Law360 why they believe the award is significant.
Jeffrey Alberts, Pryor Cashman LLP, former Assistant U.S. Attorney
"This award continues the trend of the government paying top dollar for employees to report their employers' wrongdoing. Just last week, Attorney General Holder asked Congress to increase the limit on whistleblower rewards under the Financial Institutions Reform, Recovery and Enforcement Act, arguing that $1.6 million...
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