Labaton Sucharow LLP is the only firm that provides a practice that is exclusively devoted to representing Securities and Exchange Commission (SEC) whistleblowers. They were proud to announce about the whistleblower who was awarded over $17 million by the SEC for exposing significant offense in the financial services industry.
The award marked the second largest in 6 years from the SEC whistleblower program. It allows whistleblowers to get between 10 to 30 percent of the money collected during a successful enforcement action.
Labaton Sucharow’s whistleblower client gave great information that resulted in sanctions against the main player in the financial marketplaces. The whistleblower, in this case, opted to remain unidentified to avoid blacklisting as well as vengeance. The place where the whistleblowers played a role remains anonymous so as to avoid revealing indirectly whistleblower’s identity.
Jordan A. Thomas is a SEC whistleblower lawyer as well as the Chair of Labaton Sucharow’s Whistleblower Representation Practice. He said that his customer blew the whistle while others in the financial services industry remained silent for the investors to be entertained. He added that he predicts that in years to come, large and significant cases of SEC will result from whistleblower’s courage. Mr. Thomas was the first officer from a public company to be given the whistleblower award. He for the first time handled a case where an employer was reacting against a whistleblower.
From the protections as well as incentives provided by the SEC Whistleblower Program, qualified whistleblowers rights will remain protected and now have the opportunity to win big monetary awards. Enough funds to allow payment of awards is now available from the Investor Protection Fund established by the Congress.
About Labaton Sucharow LLP
Labaton Sucharow is among the country’s best law firms for over 50 years now. It has lengthily represented institutional investors, businesses as well as customers in business litigation and complex securities. It is the only law firm across the nation that has established an exercise for defending and advocating for whistleblowers who have reported any violation of their rights to the SEC. For the firm to be able to achieve their goals, the Whistleblower Representation Practice employs an in-house crew of detectives, forensic accountants as well as financial analysts who are experienced on federal and state law enforcement. This way, they can represent the whistleblowers in a better and professional way. Labaton Sucharow has consistently been ranked high in The Legal 500, Chambers & Partners, Benchmark Litigation, and The National Law Journal’s Plaintiffs’ Hot List.