GCs Brace For More Whistleblower Suits

Law360, New York (February 26, 2013, 12:10 AM EST) -- The percentage of in-house counsel expecting an increase in whistleblower suits hit a three-year high in 2012, as companies braced for more tipsters to come forward under a potent new Dodd-Frank Act program, according to a survey released Tuesday by Fulbright & Jaworski LLP.

The survey polled 392 senior corporate counsel in the U.S., U.K. and other jurisdictions, with 26 percent saying their firm had faced whistleblower allegations or suits in the past three years. That marked an increase from 22 percent in 2011. In addition, among U.K.-based counsel, 37 percent faced whistleblower claims, up from 21 percent in 2011....

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