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ARTICLE · 10 JUNE 2019

SEC Awards Whistleblower More Than $4.5 Million

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On May 24, 2019, the SEC announced payment of more than $4.5 million to a whistleblower who sent an anonymous tip to the company alleging significant wrongdoing and then submitted

United StatesEmployment and HR
Lloyd Chinn
Lloyd Chinn
Pinchos Goldberg
Pinchos Goldberg
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On May 24, 2019, the SEC announced payment of more than $4.5 million to a whistleblower who sent an anonymous tip to the company alleging significant wrongdoing and then submitted the same information to the SEC. (The order granting the award can be accessed here.)

In connection with this award, Jane Norberg, Chief of the SEC's Office of the Whistleblower, said, "[i]n this case, the whistleblower was credited with the results of the company's internal investigation, which were reported to the SEC by the company and led to the Commission's resulting enforcement action and the related action." She explained that "[t]he whistleblower gets credit for the company's internal investigation because the allegations were reported to the Commission within 120 days of the report to the company."

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