LANDMARK LAWSUIT FILED AGAINST SEC TO PROTECT ALL WHISTLEBLOWERS

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Thought leadership isn't something that we periodically do, it's a fundamental part of our organizational DNA. We have always felt it was our duty to speak out against corporate wrongdoing and to speak up for whistleblowers. So when it comes to the SEC Whistleblower Program, we write, speak, tweet, post, moderate and educate more than any other firm in the world.

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September 22, 2015

Whistleblowers Coming Forward in Huge Numbers: Boston SEC Reports Flood of Tips

Labaton Sucharow

In highly encouraging news for investors and market integrity, the SEC’s Boston regional director, Paul Levinson, recently told Law360 that the agency’s Whistleblower Program is yielding a “steady fire hose” of fraud tips and having a remarkable effect on the culture of the financial services industry in New England. The Boston area’s success is just the latest...

Articles & Perspectives

September 21, 2015

New Justice Department Policy Targets Wall Street Fraudsters

Labaton Sucharow

Following criticism and public concern over the lack of prosecutions against individuals involved in the financial crisis, the Department of Justice recently released guidance that underscores a renewed effort to charge individuals in corporate wrongdoing. The memo, which sets forth best practices for federal prosecutors, makes clear that a company should be considered cooperative in an investigation...

Articles & Perspectives

September 15, 2015

If You See Something, Say Something? A whistleblowing choose-your-own adventure.

Chief Investment Officer

Jordan A. Thomas examines different scenarios that whistleblowers may undertake when he or she witnessed illegal or unethical activity at work “People come to me with crazy big violations—huge cases—but blowing the whistle isn’t consistent with their goals. Or, say, three people on the planet truly know about it, and you’re the only one who...

September 14, 2015

Whistle-Blower Law Split Could Pique Supreme Court

Jordan A. Thomas talks about a Second Circuit’s whistleblower case that sets up a split in authority with the Fifth Circuit A new rift in federal circuit courts’ interpretation of whistleblower protections under the Dodd-Frank Act is a prime candidate for Supreme Court review, even though the potential timing of any high court action is...

September 11, 2015

Another Victory for Whistleblowers: Federal Appeals Court Rules that Internal Reporting Triggers Protetions

Labaton Sucharow

In another significant victory for the SEC and for whistleblowers, the U.S. Court of Appeals for the Second Circuit reversed a lower court and ruled that whistleblowers who report potential wrongdoing to their company prior to reporting to the SEC are entitled to the robust employment protections established under Dodd-Frank. As we discussed in an earlier post, the...

Articles & Perspectives

August 19, 2015

SEC Stakes Ground: Internal Reporting Triggers Whistleblower Protections

Labaton Sucharow

In addition to the case we described in an earlier post, in which the Commission filed an amicus brief on behalf of an internal whistleblower, in a significant move to protect whistleblowers at large, this month the SEC issued interpretive guidance to clarify that Dodd-Frank anti-retaliation provisions apply equally to those whistleblowers who report potential violations internally. The SEC’s...

Articles & Perspectives

August 14, 2015

SEC Sides With Corporate Whistleblower on Key Issue of Protection

Labaton Sucharow

In an important case for whistleblower advocacy, last week, the SEC filed an amicus brief in California federal court contending that employees need not report misconduct directly to the government to qualify for whistleblower protection under Dodd-Frank. The underlying case involves a lawsuit filed by the former general counsel of Bio-Rad Technologies Inc. who claimed...

Articles & Perspectives

Interpretation of the SEC’s Whistleblower Rules Under Section 21F of the Securities Exchange Act of 1934

Securities and Exchange Commission, Release No. 34-75592, Interpretation of the SEC’s Whistleblower Rules Under Section 21F of the Securities Exchange Act of 1934 (Aug. 7, 2015)

SEC Guidance Backs Protection for Internal Whistleblowers

The Wall Street Journal

Jordan A. Thomas discusses further SEC guidance regarding whistleblowers When Dodd-Frank was passed, its whistleblower provisions stated employees who reported wrongdoing to the SEC would be protected against retaliation by their employers. The SEC has maintained that this protection extends to whistleblowers who first report problems internally and the guidance issued Tuesday reinforces that belief,...

Canadians Contacting SEC with Whistleblower Tips

The Globe and Mail

Jordan A. Thomas, Chair of the Firm’s Whistleblower Representation Practice and a former SEC official who now works in private practice representing clients who are SEC whistleblowers, warned the OSC that its CAD$1.5-million maximum payout is too low to entice high-paid business people to risk their careers by exposing wrongdoing. He said the OSC is...

Ontario Securities Commission Whistleblower Roundtable Transcript

OSC Proposal to Pay Whistleblowers up to $1.5 Million Inadequate: Lawyer

AdvocateDaily.com

The Ontario Securities Commission is proposing to pay whistleblowers up to 15 percent of the sanctions or settlement payments in a successful case involving $1 million of sanctions or more. Payments would be capped at $1.5 million. Several experts have commented that a $1.5 million cap is inadequate to encourage senior executives with knowledge of...

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Featured

Whistleblowers Represented by Jordan Thomas Earn Largest SEC Whistleblower Awards in History

New York, NY (March 19, 2018) – The Securities and Exchange Commission today announced that it will award a group of whistleblowers more than $83 million, the largest awards announced since the SEC Whistleblower Program was established seven years ago. Represented by Jordan Thomas, the whistleblowers’ tips led to a landmark enforcement action that resulted in Merrill...

Once an SEC Regulator, Now Thriving as a Lawyer for Whistleblowers

The New York Times

In a profile piece published in The New York Times, Whistleblower Practice Chair Jordan A. Thomas talks about his decision to travel “the road not taken,” and how it has benefited those in difficult professional positions. After dealing with a traumatic upbringing and seeking emancipation from his parents at the age of 15, Thomas went...

2019 Half-Time Report
The SEC Whistleblower Program: Where Wall Street Answers to Main Street

We are pleased to bring our clients and friends a midyear report to highlight key awards, trends and issues of import in the SEC whistleblower arena. It’s an exciting time for whistleblowers, and, by extension, investors at large. Since the program’s roll-out, the Commission has received nearly 30,000 tips from 119 countries. Most remarkable, as...

Articles & Perspectives

NPR Features Jordan Thomas on Planet Money Podcast, “The Whistleblower Whisperer”

NPR Planet Money

Leading SEC whistleblower attorney Jordan Thomas was featured on NPR’s Planet Money podcast. In the episode “The Whistleblower Whisperer,” Jordan tells Planet Money co-host Jacob Goldstein about his work representing whistleblowers who provided evidence to the SEC that led to landmark enforcement actions against Wall Street’s biggest banks, including Merrill Lynch and JP Morgan. Jordan also...

October 5, 2018

Jordan A. Thomas Named Whistleblower “Lawyer of the Year”

New York, NY – October 5, 2018 – [Jordan Thomas][prior firm][‘s] is pleased to announce that its leading SEC whistleblower attorney Jordan A. Thomas, a principal architect of the SEC Whistleblower Program who established the nation’s first law practice exclusively focused on SEC whistleblowers, has been named a 2018 “Lawyer of the Year” by the Taxpayers...

Named one of the top whistleblower practices/attorneys in the country by The New York Times, Wall Street Journal, NPR and The New Yorker

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