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ARTICLE · 31 JULY 2019

Whistleblower Challenges Delayed Bounty Award

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In a petition for a writ of mandamus filed on April 29, 2019 with the U.S. Court of Appeals for the D.C. Circuit, an unidentified whistleblower who claims to have tipped the SEC to alleged violations

United StatesCorporate/Commercial Law
Lloyd Chinn
Lloyd Chinn
Pinchos Goldberg
Pinchos Goldberg
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In a petition for a writ of mandamus filed on April 29, 2019 with the U.S. Court of Appeals for the D.C. Circuit, an unidentified whistleblower who claims to have tipped the SEC to alleged violations of the Foreign Corrupt Practices Act ("FCPA") by Teva Pharmaceuticals more than eight years ago asked the court to compel the SEC to preliminarily determine within 60 days if he is eligible for compensation under the SEC's whistleblower program and issue a final order within six months.  In re: John Doe, No. 19-1095 (D.C. Cir.).

According to the petition, the purported tipster submitted a detailed, 42-page tip regarding Teva's alleged violations of the FCPA in May 2011 that resulted in the prosecution by the SEC and DOJ of successful enforcement actions regarding that same conduct and the recovery of $519 million from Teva.  The petitioner maintains that he submitted a timely claim for an award in April 2017 and the SEC's more than two-year delay in issuing a

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