LANDMARK LAWSUIT FILED AGAINST SEC TO PROTECT ALL WHISTLEBLOWERS

In The News

In 2011, after the SEC unveiled a first-of-its-kind investor protection initiative, we stepped into the spotlight, establishing the nation’s first standalone practice exclusively focused on SEC whistleblowers. Since then, in addition to precedential wins, significant expansion and pivotal roles in domestic and international whistleblower legislation and rule-making, our practice has been front and center, staking new ground, elevating the program’s profile and regularly making news.

Search

SEC Fines Firm for Punishing a Whistle-Blower

Crain's New York Business

Albany, New York-based Paradigm Capital Management has become the first firm sanctioned by the Securities and Exchange Commission (SEC) for retaliating against a whistleblower. Paradigm settled those allegations and those stemming from the whistleblower’s report to the SEC, that it had engaged in prohibited principal transactions designed to reduce investors’ tax liability. The firm agreed...

SEC Accuses Firm of Whistleblower Retaliation

Paradigm Capital Management and CEO, Candace King Weir, agreed to pay more than $2.18 million to settle the SEC’s charges of securities violations. Jordan A. Thomas represented the anonymous whistleblower who was instrumental in bringing these violations to the SEC’s attention. “Each time the SEC has issued a whistleblower award, awareness of the program has...

Paradigm Settles With SEC in Whistleblower Case

The Wall Street Journal

Jordan A. Thomas represented the anonymous whistleblower who was instrumental in bringing the securities violations of Paradigm Capital Management to the SEC’s attention. The SEC’s case against Paradigm resulted in a $2.2 million settlement. “These types of securities violations are often difficult for the SEC to detect and prosecute without a source on the inside-that’s...

BNP Keeps Investors Guessing About U.S. Sanctions Penalty

Bloomberg Business Week

BNP Paribas SA (BNP) has given investors scant information about how much it expects to pay to settle a criminal probe of U.S. sanctions violations. The bank told shareholders at an annual meeting on May 14 that the settlement could be significantly more than the $1.1 billion it had set aside for the case. On...

Wall Street Whistleblowers – The High Price of Taking a Stand; William D. Cohan on Wall Street Whistleblowers

Financial Times Weekend Magazine

Jordan Thomas believes the fact that Dodd-Frank allows anonymity for whistleblowers facilitates the reporting of wrongdoing while offering them protection from retaliation, which is the point after all. “Essentially most whistleblower horror stories start with retaliation,” he says. “And to be retaliated against, you have to be known. The genius of Dodd-Frank was it created...

How To Avoid Botching Your Internal Investigation

While not all of the retaliation may be real, what’s important is that it is perceived, according to Jordan Thomas, chair of a prominent whistleblower representation practice. Since the majority of people who report wrongdoing do so internally first, companies have an obligation to make sure they take care of those employees — before they...

CFTC Issues 1st Whistleblower Award but Questions Linger

“The agency’s efforts to protect the identity of whistleblowers by limiting the amount of information in the announcement will only give greater confidence to whistleblowers who choose to come forward in the future,” he said.

Whistleblower Schemes Gain Support

The Globe Legal Post

According to The Global Legal Post, there has been a dramatic increase in the number of whistleblowers coming forward since the implementation of the Securities and Exchange Commission’s whistleblower program to help deter and detect fraud. “The programme has been a remarkable success story. One of the greatest fears for whistleblowers is the fear of...

Ex-Jefferies Trader Convicted of Fraud in U.S. Bond Probe

“This landmark case is likely to embolden prosecutors to be even more aggressive,” said Jordan Thomas, a partner at [prior firm] and former federal prosecutor. “Defendants awaiting trial, and individuals under investigation, will have to think twice about going the distance because of the government’s demonstrated skill in successfully bringing this type of case.” The...

5 Tips For Employers To Avoid SOX Whistleblower Suits

After a complaint gets filed, companies ought to follow up with workers and make sure they aren’t being retaliated against, because recent surveys have shown a significant percentage of employees perceive such retaliation, said Jordan Thomas, chair of [a prominent] whistleblower representation practice. Lawson raised the stakes for employers that don’t have robust internal reporting...

U.S. Justices Extend Employee Whistleblower Protections

Jordan Thomas, a New York-based lawyer who represents whistleblowers, said the ruling “sends the clear message to potential whistleblowers that they will be protected from retaliation for wrongdoing regardless of their legal relationship to a public company.” The case is Lawson v. FMR, U.S. Supreme Court, No. 12-3.

February 22, 2014

SEC Ponders Break for Private Equity to Skip Broker Rules

Bloomberg Business Week

A controversial exemption currently under review by the SEC indicates the unlikely pursuit of enforcement action over past deals, despite the fact that the private equity industry may have been taking “improper” transaction fees for several years. Jordan A. Thomas said, “There is no question that the private-equity industry has a powerful and successful lobby,...

Previous
1
…
14
15
16
17
18
19
20
…
26
Next

Featured

February 10, 2020

Jordan Thomas Recognized as a 2020 Top Thought Leader in Trust

Whistleblower Representation Practice Chair Jordan Thomas has been named a Trust Across America 2020 Top Thought Leader in Trust. A multi-year award winner, Jordan joins corporate leaders, academics and researchers who transform the way organizations build and operate their businesses. Describing Jordan’s work, Trust Across America wrote “And what if the SEC could tap the...

February 1, 2018

A Conversation with Jordan Thomas: The Origins of the SEC Whistleblower Program

Labaton Sucharow LLP

How to avoid the next financial crisis? How to detect the next fraud and deter the next fraudster? These questions plagued regulators, law enforcement, legislators and the public at large following the collapse of the global economy in 2008. One idea that would prove to be prescient and, in its execution, extraordinarily successful, was the...

Webinars, Videos & Podcasts

Labaton Sucharow Wins National Law Journal Elite Trial Lawyers Award for Securities Litigation

— Firm’s immigration pro bono efforts also recognized as the best in 2019 The National Law Journal has recognized Labaton Sucharow’s securities litigation practice as one of the best in 2019, earning the publication’s most prestigious plaintiffs’ bar award of the year. The NLJ’s annual Elite Trial Lawyers award honors the law firms that have demonstrated repeated success in...

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

Thank you for submitting some email to us.