Labaton Sucharow Client Gets Second Biggest SEC Whistleblower Award
Law / December 8, 2016

Labaton Sucharow LLP established the first practice in the nation that is dedicated to exclusively represent SEC (Securities and Exchange Commission) whistleblowers. It recently made the announcement that it had secured a huge award (over $17 million) from SEC for its client who exposed significant wrongdoing within the financial services industry. This award was the second largest in the history of the SEC whistleblower program, now getting to its sixth year. Under the SEC whistleblower program, the eligible whistleblowers are able to get between 10% – 30% of the full amount collected in sanctions after a successful enforcement.     Provision of High-Quality Information     Labaton Sucharow client offered high-quality information that led to the successful sanctions of a big player in the financial industry. The whistleblower remained anonymous to avoid blacklisting or retaliation. The SEC also protects their identity by concealing the specific cases that the whistleblowers play a part in exposing wrongdoings. Jordan A. Thomas, is a SEC whistleblower lawyer who doubles up as the Chair in the firm’s Whistleblower Representation Practice. He stated that their client exposed the wrongdoing while others chose to remain silent. He predicted that there will be many more awards in coming…