A Whistleblower who was represented by Labaton Sucharow gets an Incredible Reward

Labaton Sucharow is a reputable law company in the United States, and it is well known for providing the best representation to the informants of the Securities and Exchange Commission. The firm had the first whistleblower representation practice that was established immediately the SEC enacted its laws to protect individuals who offer information about the fraudulent activities of various organizations. An informant who was represented by the company’s lawyers was lately offered $17 million dollars for providing information that guided the commission to uncover rogue activities in the sector. This incentive was among the highest that have ever been offered. The whistleblower protection program recommends that after collecting fines, the SEC should give approximately 10 to 30 percent of the money to its source.

 

The information that was provided by the SEC whistleblower played a significant role in helping the Commission to identify the unlawful ventures of on a key company in the financial industry. The informant hired an attorney from the Labaton Sucharow law firm to represent him at the SEC since he wanted to remain unknown. The SEC also understands that the covering the identity of an informant is a priority, and therefore, only a few details about the case were released to the public. Staying anonymous assists the witness to evade being banned by various employers. According to Jordan A. Thomas, who is the leader of the whistleblower representation practice of Lebaton Sucharow, it was appropriate for the whistleblower to offer the information that he had on the rogue company. Jordan has been dealing with securities for a couple of years. He served as an assistant director of the SEC and during his tenure at the commission, he contributed in the drafting of the whistleblower protection program.

 

The Securities and Exchange Commission has been motivating employees of organizations and all citizen to inform it about any illegal activity that they notice. This encouragement has been possible through the financial reward that is offered and job security. The Congress also supported the action of the commission by forming the Investor Protection Fund, which ensures that compensation payment are made in time, and the fund currently has $400 million.

 

Labaton Sucharow has been practicing law for approximately five decades. The primary clients that it has been serving are the consumers, enterprises and institutional investors who are involved in securities litigations. The firm has been acknowledged by The Legal 500, Benchmark Litigation, and Chambers and Partners due to the outstanding plaintiff representation attorneys that it offers.

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