Second-Largest Whistleblower Award Issued by SEC
Publication | 06.17.16
Last week, the SEC awarded more than $17 million to a single former corporate executive who provided a “detailed tip” regarding securities law violations by a financial services company. Four other individuals made claims in the case, which the SEC denied because their information did not lead to successful enforcement of the securities law violations.
This award is the second largest in the history of the SEC’s whistleblower program, following the SEC’s $30 million whistleblower award in September 2014. The SEC whistleblower program has been particularly active recently, having issued five awards in five weeks, totaling more than $26 million. In total, the agency’s whistleblower program has paid out more than $85 million in awards to 32 whistleblowers since the program was created nearly five years ago.
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Publication | 01.15.25
Administrative Law: Big Shifts in Administrative Law
As companies consider taking class actions to trial, a blockbuster decision from the U.S. Supreme Court instructing lower courts not to defer to federal agencies’ interpretations of the statutes Congress charged them with administering may prove useful. Companies should also be aware of a second decision holding agencies’ use of in-house judges to mete out civil penalties to be unconstitutional.
Publication | 01.15.25
Antitrust: A New Frontier: Algorithmic Pricing Class Actions
Publication | 01.15.25
Appellate: The Landscape of Pretrial Appeals Is Changing Rapidly
