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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September 26, 2016

$4 Million Whistleblower Award Just a Start? Attorneys Say Yes

Jordan A. Thomas discusses how recent successful whistleblower tips allow the SEC to give more awards at a faster pace Bank of America Corp.’s Merrill Lynch brokerage unit will pay $415 million and admit to wrongdoing to settle charges that it misused customer cash in the largest customer protection settlement in the United States in...

September 23, 2016

Justice Department Launches a Full-Court Press on Misdeeds at Banks

Compliance Week

“The enforcement net has had a significant gap in the banking sector and this a step toward closing that gap,” says Jordan Thomas, a veteran of the Securities and Exchange Commission’s Enforcement Division who now heads the [Jordan Thomas][prior firm][‘s] whistleblower representation practice. “I get a lot of calls from people who are interested in...

September 19, 2016

Confusion Over Dodd-Frank Is Leaving Whistleblowers Exposed

Jordan A. Thomas opines on anti-retaliation measures for whistleblowers When the Dodd-Frank was assembled, language was instilled that protected whistleblowers like never before. Shortly after the Dodd-Frank was signed, a former GE Energy LLC executive, Khaled Asadi claimed he was demoted and then fired after internally reporting concerns that the company had violated the Foreign...

September 18, 2016

SEC Rewards Help Bring Forward the Whistleblowers

Financial Times

Jordan A. Thomas discusses how recent successful whistleblower tips allow the SEC to give more awards at a faster pace Bank of America Corp.’s Merrill Lynch brokerage unit will pay $415 million and admit to wrongdoing to settle charges that it misused customer cash in the largest customer protection settlement in the United States in...

September 14, 2016

Federal Prosecutors Launch Probe Into Wells Fargo’s Sales Tactics

The Washington Post

Jordan A. Thomas published op-ed in The New York Times and quoted in The Washington Post, Compliance Week, Morning Consult, and Law360 for recent Wells Fargo investigation involving dishonest sales practices The Justice Department is investigating Wells Fargo’s improper sales tactics. Federal prosecutors are in the early stages of an investigation after it has been...

August 25, 2016

Exclusive: Companies made deals that could run afoul of U.S. whistleblower rules

Jordan A. Thomas comments on employment language that seeks to muzzle whistleblowers Wells Fargo, Advanced Micro Devices, and Fifth Third Bank have in recent years agreed to settlement deals that seek to muzzle former employees in ways that some lawyers said could violate U.S. whistleblower protection laws. Five lawyers, including three who represent whistleblowers, said...

August 11, 2016

SEC Shows No Patience For Muzzling Whistleblowers

Jordan A. Thomas discusses the negative impact that severance agreements have on whistleblowers The U.S. Securities and Exchange Commission took aim at severance agreements that prevent whistleblowers from collecting cash for their tips, making clear that the agency has no patience for impeding whistleblowing in any form and suggesting it may impose even broader requirements...

A Summer of BD Discontent

Jordan A. Thomas weighs in on the importance of protecting customer assets In June 2016, the SEC announced a $415 million settlement with broker-dealer Merrill Lynch for its misuse of customer funds to generate profits for the company and failing to safeguard customer securities from the claims of its creditors, breaching Rule 12(c)3-3, the “Customer...

SEC Petitioned for Tougher Whistleblower Protections

Compliance Week

Former Securities and Exchange Commission (SEC) enforcement official, Jordan A. Thomas and whistleblower advocacy group, the Government Accountability Project, recently filed joint petitions for rulemaking. Written on behalf of more than 250 organizations and nearly two million individuals, the petitions aim to clarify and strengthen whistleblower protections. and coincide with the fourth anniversary of The...

Enough to Whet the Whistleblowers?

Stop fraud quicker. That could be the new marketing line for the Ontario Securities Commission as it unveiled the final version of its whistleblower policy and opens its new Office of the Whistleblower for business. Got a tip? Now’s your chance. The big bet is that, by offering financial awards à la the U.S. Securities...

A Wall Street golden boy blames gambling addiction for $100 million fraud

The Washington Post

Jordan A. Thomas weighs in on fraud scheme involving former Wall Street financier Groomed at some of the country’s most elite private schools, Andrew Caspersen glided onto Wall Street with ease. His father was a well-known financier, and Caspersen followed in his footsteps. He snagged jobs in the close-knit private equity world, earning an annual...

BofA to Pay $415 Million Over Claims It Misused Client Funds

Jordan A. Thomas comments on whistleblower clients leading to Bank of America’s $415M SEC enforcement action Bank of America Corp’s Merrill Lynch brokerage unit will pay $415 million and admit to wrongdoing to settle charges that it misused customer cash in the largest customer protection settlement in the United States in the Securities and Exchange...

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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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