A Roundup of Recent Important Whistleblower Cases

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Are you trying stay up-to-date with the latest cases and happenings in the field of whistleblower law? We have compiled a few important cases that might piqué your interest:

Whistleblowers split $1.8 Million in FCA settlement in for-profit school case

Five whistleblowers recently alerted authorities to a chain of for-profit schools admitting students who were unqualified and then creating fake high school diplomas for them. As a result, they will split the $1.8 million they earned in the ensuing False Claims Act settlement.

The company was Educational Affiliates, which agreed to pay the U.S. government $13 million to resolve issue. The company owns and operates 50 campuses throughout the nation under a variety of names, including Fortis College, Fortis Institute, Capps College Inc., All State Career, Technical Career Institute, the Denver School of Nursing and more. The schools are located throughout Florida, Ohio, Texas, Maryland and Alabama.

Corporate whistleblower collects $3 million SEC report

The Securities and Exchange Commission (SEC) handed out its third-largest award since its whistleblower program began when it gave $3 million to an insider who provided information that helped crack a complex fraud case. According to officials, without the detailed information provided by the whistleblower, the agency likely would never have been able to detect the presence of the fraud. The largest award from the SEC remains the $30 million-plus award handed out in 2014.

US appeals court rules SEC not allowed to apply Dodd-Frank bans retroactively

The U.S. Appeals Court for the District of Columbia unanimously ruled that the SEC is not allowed to apply punitive industry bans to any defendants whose conduct predated the 2010 Dodd-Frank Wall Street reform law. According to the decision, the SEC wrongfully banned Donald Koch from working in the credit rating and municipal advisory sectors because the agency did not have the jurisdiction to retroactively apply its rules.

If you could use the guidance of a dedicated internal investigations attorney, work with the Dallas team at Whistleblower Law for Managers.

By Steve Kardell | Published January 21, 2016 | Posted in Whistleblower Litigation | Tagged Dallas attorney, Dodd-Frank Act, False Claims Act settlement, Securities and Exchange Commission, whistleblower

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"Steve Kardell was terrific in representing me in some very adversarial discussions with Citigroup and also later represented me in my testimony before the Financial Crisis Inquiry Commission." -Richard Bowen, Citigroup Whistleblower
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