featured post
$2.2 Million Award to SEC Whistleblower Demonstrates Power of Safe Harbor Rule
The SEC has continued its multi-year pattern of awarding large financial rewards to whistleblowers who bring information regarding violations of SEC regulations to its attentions by announcing a $2.2 million award to be paid to an individual who came forth with such...
Recent blog posts
SEC Releases 2016 Annual Whistleblower Report
The SEC ended a landmark year in whistleblower history by releasing its annual report to the US Congress on the status of the Dodd-Frank Whistleblower Program. While the program has only been around since its inception in 2010, it has already made huge strides, most...
Pharmaceutical Rep Receives $7.8 Million FCA Reward Over Doctor Kickbacks
A pharmaceutical representative at Forest Pharmaceuticals who provided whistleblower information to the federal government via a False Claims Act (FCA) action regarding a thinly veiled kickback scheme to pay doctors will receive $7.8 million as reward for his...
DOJ Pulls in $4.7 Billion in False Claims Act Recoveries in 2016
The False Claims Act has been continuously in effect for over 150 years since being enacted by President Lincoln during the Civil War, but an unbelievable 60% of total financial recoveries collected by the federal government have been made in just the last 8 years....
Positive Signs Grow For Continuation of SEC Whistleblower Program
Last month, we discussed the unclear future of the SEC Whistleblower Program under a future President-elect Trump, but as the weeks roll on and we get closer to inauguration day, there are positive signs that the program may survive intact in the coming...
SEC Awards One Whistleblower $3.5 Million, a Second Nothing: Why?
On December 5, the SEC announced that it would be awarding a whistleblower that had brought it information $3.5 million for helping it resolve the case against a financial wrongdoer. In a way, this is huge news: the federal government is paying out enormous,...
Divining the Future of the SEC Whistleblower Programs under President Trump
Regardless of what your politics are, most would probably agree that the policies that will be administered and enforced by the newly-elected Trump administration are less than clear at this point. Many of the central tenets of the Trump campaign platform such as...