LANDMARK LAWSUIT FILED AGAINST SEC TO PROTECT ALL WHISTLEBLOWERS

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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.

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November 18, 2013

What The SEC Whistleblower Report Means For Companies

The Securities and Exchange Commission’s whistleblower program saw an uptick in tips in its second full year up and running, according to an annual report to Congress. The agency received 3,238 tips in the 2013 fiscal year, which ended Sept. 30, up about 8% from 3,001 tips the year prior. The program launched near the...

October 31, 2013

With Sixth Payout, SEC Whistleblower Program Gains Steam

[Jordan Thomas][prior firm][‘s] earlier this year commissioned a survey of financial industry professionals and found that 89 percent said they’d be willing to report wrongdoing to the SEC once they understood it could be done anonymously, that they were protected against retaliation and that they could receive a monetary award. The survey also found that...

October 3, 2013

The Anonymous SEC Whistleblower Award of $14M is a Game Changer

“Earlier awards involved small Ponzi-type schemes where there was little money [fine] to pay to a whistleblower. But this [$14 M] appears to be from a firm that is an ongoing concern,” he said. According to Thomas, who was a former Assistant Director and Assistant Chief Litigation Counsel in the Division of Enforcement at the...

October 2, 2013

Is SEC Whistleblower Program Underregulated?

Advertising by lawyers is subject to state bar rules – but not all of the ads inviting tips from potential SEC whistleblowers are by law firms. “If you look at the advertisements from some of these shady groups, they’re misleading,” said Thomas, who told me he’s seen non-lawyer ads trying to claim credit for whistleblower...

September 30, 2013

Shutdown, Bad Precedent for Debt Ceiling: Herrmann

September 19, 2013

JPMorgan Admits Responsibility over ‘London Whale’

September 11, 2013

Ex-Wall Street Chieftains Living Large in Post-Meltdown World

Philadelphia Inquirer

Since that time, the Justice Department has walked back those statements and assured lawmakers and the public that they have aggressively investigated and pursued any criminal acts related to the financial crisis. The hurdle, officials say, is that to prove a crime, they must prove intent. That means if the government wanted to bring charges...

September 6, 2013

Potential Wal-Mart SEC Fine Could Be Massive: Securities LawyerPotential Wal-Mart SEC Fine Could Be Massive: Securities Lawyer

International Business Times

The SEC declined to comment to IBTimes on any potential ongoing investigation, as per its usual policy, but Thomas said there’s no serious doubt that such an investigation is happening. “What is maybe open is who is responsible, and what’s the price that WalMart is going to have to pay,” said Thomas, who worked as...

August 11, 2013

Whistleblower Debate Emerges in Court Cases

The Wall Street Journal

On the other hand, tips that could have remained internal might now also be lodged with the SEC. Internal whistleblower programs are often meant to be the first place employees air concerns—and they can be used to catch wrongdoing early and deal with it discreetly, though companies might choose to eventually self-disclose some of that...

Sprint Case May Lead To More Tax FCAs: Whistleblower Rep

“The New York Attorney General’s Office has been aggressive in developing cases in the false claims arena,” said Thomas, a former SEC director who helped craft the federal agency’s whistleblower program. “Law enforcement authorities are practical. They focus on what works. If New York state starts racking up results, Washington and other states would likely...

Wall Street Faces Growing Ethical Crisis

“Many in the financial services industry appear to have lost their moral compass, and younger professionals pose the greatest threat to investors,” said Jordan Thomas, partner at [prior firm]. “Wall Street needs to take the first step toward recovery and admit that it has a corporate ethics problem, or Main Street should brace itself for...

Survey Reveals Widespread Wall Street Misconduct, Need for Whistleblowers

Compliance Week

“Wall Street needs to take the first step toward recovery and admit that it has a corporate ethics problem,” said Jordan Thomas, partner and Chair of the Whistleblower Representation Practice at [prior firm] and former assistant director and assistant chief litigation counsel for the Securities and Exchange Commission. Thomas played a leadership role in the...

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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...

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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

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