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.

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...
In The News
October 31, 2013
With Sixth Payout, SEC Whistleblower Program Gains Steam
Legal Times
[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...
In The News
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...
In The News
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...
In The News
September 30, 2013
Shutdown, Bad Precedent for Debt Ceiling: Herrmann
Bloomberg TV
In The News
September 19, 2013
JPMorgan Admits Responsibility over ‘London Whale’
WNYC Radio
In The News
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...
In The News
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...
In The News
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...
In The News
July 24, 2013
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...
In The News
July 19, 2013
Wall Street Faces Growing Ethical Crisis
The Street
“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...
In The News
July 18, 2013
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...
In The News
February 10, 2020
Jordan Thomas Recognized as a 2020 Top Thought Leader in Trust
Press Release
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...
In The News
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
July 23, 2019
Labaton Sucharow Wins National Law Journal Elite Trial Lawyers Award for Securities Litigation
Press Release
— 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...
In The News
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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