2,410 results found

SEC Enforcement Director Andrew Ceresney asserted that the SEC Whistleblower Program has had a "transformative impact . . . both in terms of the detection of illegal conduct and in moving . . . investigations forward quicker and through the use of fewer resources."

On December 5, 2017, the SEC announced a whistleblower award of more than $4.1 million to an overseas former company insider.

The SEC awarded its largest whistleblower payments to date, splitting approximately $50 million between two whistleblowers and giving more than $33 million ...

Over the past week, the U.S. Securities and Exchange Commission ("SEC") announced two multi-million dollar awards to whistleblowers who provided the SEC with information in ongoing investigations.

On November 15, the U.S. Securities & Exchange Commission released its 2012 Annual Report on the Dodd-Frank Whistleblower Program mandated by the Dodd-Frank Wall Street Reform and Consumer Protection Act.

In the SEC's view, these agreements can represent a form of systemic retaliation if they are overly broad and serve to silence would-be whistleblowers.

The SEC's Office of the Whistleblower continues to examine employee severance, settlement and confidentiality agreements for language that might chill reporting of securities violations to the SEC and other regulators.

SEC Chair Gary Gensler directed staff to review two September 2020 adopted amendments on the (i) criteria for determining the amount of whistleblower awards and (ii) related actions under other whistleblower award programs.

Despite the issuance of only one award totaling under $50,000 during the first year of the Dodd-Frank Whistleblower Program, Mr. McKessey believes that the SEC's whistleblower bounty program is off to a strong start.

The SEC announced on April 8, 2021 the departure of Jane Norberg, Chief of the SEC's Office of the Whistleblower. Ms. Norberg had been with the Office nearly since its inception in 2012...

On September 19, 2019, the Second Circuit affirmed a New York District Court's order compelling arbitration of a whistleblower retaliation claim under the Dodd-Frank Act. Daly v. Citigroup Inc., et al., No. 18-665.

Yesterday’s post on the SEC’s whistleblower program discussed among other topics the question of whether the Dodd-Frank Act protects employee whistleblowers from retaliation by their employers where the employees only raise alleged violations of the federal securities laws internally within their companies.

Retaliation and whistle-blower claims are on the rise, including those based on the Wendell H. Ford Aviation Investment and Reform Act for the 21st Century.

The Seventh Circuit recently issued a decision interpreting the anti-retaliation provisions of the FCA. The decision provides important clarifications about how courts may interpret recent amendments to this provision.

The U.S. Supreme Court recently ruled that whistleblowers need not prove that their employer acted with retaliatory intent to maintain their retaliation claims under the Sarbanes-Oxley Act (SOX).

The Supreme Court recently granted certiorari to decide whether the whistleblower protections of the Sarbanes-Oxley Act, 18 U.S.C. § 1514A, extend to employees of privately held contractors or subcontractors of a public company.

On February 21, 2018, the U.S. Supreme Court ruled that "Dodd-Frank's anti-retaliation provision does not extend to an individual, like Somers, who has not reported a violation of the securities laws to the SEC."