DiCello Levitt Expands Whistleblower Practice With Preeminent SEC Whistleblower Team

Articles & Perspectives

With more than a century of combined experience prosecuting some of the most complex securities frauds in history, our team possesses expansive knowledge on topics ranging from legal and regulatory frameworks, corporate governance and ethics, to auditing reform, in-house compliance systems and internal investigations. As a result, we are regularly called upon both to author and comment on sophisticated topics for major media and, as bloggers for our own audience, to examine top-of-mind issues with a fresh and substantive perspective.

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September 12, 2014
The Corporate Officer as SEC Whistleblower?
Labaton Sucharow
Corporate officers owe certain fiduciary duties, including a duty of loyalty, to an organization and its shareholders. What is required when the officer discovers possible violations of the federal securities laws? In an article in Risk Management Magazine Jordan Thomas and Lawrence A. Hamermesh examine corporate officers’ rights and duties in light of the new...
Articles & Perspectives
August 30, 2014
The SEC Whistleblower Program Year in Review
Harvard Law School Forum on Corporate Governance and Financial Regulation
Articles & Perspectives
August 27, 2014
Support Protections for Whistleblowers
The New York Times
In Room for Debate, The New York Times invites knowledgeable outside contributors to discuss news events and other timely issues. In the article titled “Holding Bankers Accountable,” the following question was proposed: Can more be done to hold bankers accountable for the financial crisis or is there a good reason the Justice Department has reached...
Articles & Perspectives
August 7, 2014
Achievements, Challenges and Change: A Look at the Past, Present and Future of the SEC Whistleblower Program
Labaton Sucharow
We discuss highlights from Achievements, Challenges and Change: The SEC Whistleblower Program Year in Review. Four years ago this month, with the country still reeling from financial crisis, Congress passed the Dodd-Frank Wall Street Reform and Consumer Protection Act-the most sweeping financial reform effort since the Great Depression. The goal of Dodd-Frank was as ambitious...
Articles & Perspectives
July 23, 2014
The Best Way to Honor Whistleblowers on National Whistleblower Appreciation Day? Do More to Protect Them
Labaton Sucharow
In recognition of National Whistleblower Appreciation Day, coming up on July 30, we were asked to contribute a guest post on the Government Accountability Project’s website, which can be found here. GAP is the nation’s leading non-profit, non-partisan whistleblower protection and advocacy organization, which helps expose wrongdoing to the public and actively promotes government and corporate...
Articles & Perspectives
July 21, 2014
Wall Street’s New Enforcers Aim to Muzzle Whistle-Blowers
The New York Times
Articles & Perspectives
July 1, 2014
$8.9 Billion BNP Guilty Plea Shows Power of Whistleblowers
Labaton Sucharow
The Department of Justice resolved another massive criminal investigation yesterday, as French banking giant BNP Paribas pled guilty to willfully evading U.S. embargoes on Iran, Sudan and Cuba. BNP agreed to pay an $8.9 billion fine, one of the largest in U.S. history, and admitted that it had taken steps to conceal the true nature of the...
Articles & Perspectives
June 16, 2014
SEC Settles $2.2 Million Enforcement Action Following Whistleblower Complaint by [Jordan Thomas][Prior Firm] Client
Today, the SEC charged the Albany-based investment advisory firm Paradigm Capital and its owner, Candace Weir, with violating the federal securities laws by engaging in prohibited and undisclosed principal transactions on at least 83 separate occasions, among other charges. Paradigm and Weir agreed to pay total sanctions of approximately $2.2 million to settle the charges. The SEC...
Articles & Perspectives
June 4, 2014
SEC Announces New Whistleblower Award
Labaton Sucharow
The SEC announced yesterday that it will pay two whistleblowers an award of $875,000 for their reporting of original information that led to a successful SEC enforcement action. The total award, which will be split equally between the two whistleblowers, represents 30% of the sanctions collected by the SEC in the case – the maximum percentage award...
Articles & Perspectives
May 30, 2014
[Jordan Thomas][Prior Firm][‘s] Client Profiled in Financial Times
One of the first pieces of advice we give to any prospective client is that while being a whistleblower can be rewarding in many ways, it’s not always easy or glamorous. To the contrary, being a whistleblower can present significant personal and professional challenges, as an article published in this week’s Financial Times Weekend Magazine highlights. The...
Articles & Perspectives
May 27, 2014
What’s the Harm of Corporate Scandals?
Labaton Sucharow
In our experience, one of the primary reasons that whistleblowers come forward to report possible securities violations (and the reason that many attorneys like us chose to devote our professional lives to representing whistleblowers) is concern about the harm that financial misconduct causes. In some cases, this harm is easy to perceive and measure: shareholders...
Articles & Perspectives
May 21, 2014
CFTC Announces First Whistleblower Award
Labaton Sucharow
The Commodities Futures Trading Commission (“CFTC”) announced on Tuesday the first award paid under the CFTC Whistleblower Program launched in 2010.  Like the SEC Whistleblower Program, the CFTC Whistleblower Program was created by the Dodd-Frank Act, and allows eligible individuals to receive a monetary award if they provide original information that leads to a successful CFTC enforcement action resulting...
Articles & Perspectives
Featured
December 2, 2019
Understanding the Factors that Determine an SEC Whistleblower Award: Opportunities & Outcomes
Jordan A. Thomas As the SEC Whistleblower Program grows in awareness ($387 million in awards to date is pretty good advertising) more and more individuals explore the investor protection initiative that provides eligible whistleblowers monetary incentives and employment protections with the comfort of anonymous reporting. The program has been such an unmitigated success that between...
Articles & Perspectives
July 23, 2019
SEC Whistleblower Program Surpasses $2 Billion in Monetary Sanctions With Latest Whistleblower Award
The Securities and Exchange Commission (SEC) awarded a half-million dollars “to an overseas whistleblower whose expeditious reporting helped the Commission bring a successful enforcement action.” The Commission’s press release further reports that, with this and other recent enforcement actions brought as a result of tips from SEC whistleblowers, the SEC Whistleblower Program has yielded more than $2...
Articles & Perspectives
July 24, 2018
Private: Dashboard: Fast Facts from the ECI’s 2018 State of Ethics & Compliance in the Workplace
Corporate Whistleblower Watch
47% of employees said that within the last 12 months they observed conduct that either violated organizational standards or the law. 69% of employees reported the misconduct that they observed. 44% of employees who reported misconduct experienced retaliation, double the figure in 2013. 16% of employees experienced pressure to compromise standards 40% of employees believed...
Articles & Perspectives

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