Law360 (November 27, 2019, 2:52 PM EST) -- The U.S. Securities and Exchange Commission recently awarded $1.8 million to a single whistleblower through the whistleblower program created by the 2010 Dodd-Frank Act. Since its first award in 2012, the SEC has awarded $387 million under the program, including nearly $60 million in 2019.
It’s a situation all companies want to avoid: A brewing scandal about the mishandling of data that begins first as rumors before exploding into public view, whether from a whistleblower who comes forward with damning evidence, or a regulator that obtains a misleading partial picture of the situation. More often than not the scandal will escalate,...
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