By Steve Kardell | Published April 24, 2017 | Posted in Whistleblower Litigation | Tagged Tags: whistleblower retaliation |
JP Morgan Fined for Whistleblower Retaliation
Per a recent decision from the U.S. Department of Labor, JPMorgan Chase wrongfully retaliated against a former employee who had raised questions about the sales tactics and investment products offered by the bank. As a result, the bank had to pay back wages and damages to the employee, Johnny Burris, who had been a broker Read More
Read MoreSEC Charges 2 Companies with Whistleblower Retaliation
The U.S. Securities and Exchange Commission (SEC) recently charged two different companies with whistleblower retaliation, leading to a pair of high-price settlements within a day of each other. The first of these two enforcement actions was against Neustar, a technology company, which agreed to pay $180,000 to settle charges that it had severance agreements that Read More
Read MoreSEC, Congress Take Steps to Protect Whistleblowers by Targeting Severance Agreements
A pair of recent enforcement actions by the SEC describe ways in which severance agreements could violate whistleblower protections as outlined in federal securities laws. When employers provide severance packages, there are usually agreements waiving the employee’s right to receive any future payments, sometimes including payments from third parties, including government bodies like the SEC. Read More
Read MoreSEC Issues First Ever Penalty for Internal Whistleblower Retaliation
The U.S. Securities and Exchange Commission recently announced that SandRidge Energy, an Oklahoma-based oil and gas company, would pay out $1.4 million to settle claims of retaliation against a whistleblower and use of illegal language in separation agreements with employees. The penalty marked the first time ever a company was penalized for actions taken against Read More
Read More2016 Was by Far the SEC Whistleblower Program’s Biggest Year
There were numerous milestones in 2016 for the SEC Whistleblower Program, in many regards. It marked five years since the program was created under the Dodd-Frank Wall Street Reform Act, saw the second-largest bounty in the history of the office and reached milestone numbers of total awards. The following is a brief overview of some Read More
Read MoreCSU’s Latest Whistleblower Settlement Worth $1.3 Million
Chicago State University recently agreed to a $1.3 million settlement in a whistleblower suit brought forth by a former university administrator who claimed he was fired for reporting financial wrongdoing by the university’s then-president. It was the second such settlement the university was forced to pay in the last three years. The case was scheduled Read More
Read MoreWhistleblower Wins $2.6 Million Settlement in Suit Against Bay Sleep Clinic
A whistleblower in northern California recently won a $2.6 million settlement in a lawsuit against Bay Sleep Clinic, a company that operates 20 different clinic locations throughout the northern part of the state. The settlement was officially announced December 28, 2016 by the U.S. government. In the suit, the whistleblower alleged the clinic routinely engaged Read More
Read MoreWhistleblower in Arkansas Settles Lawsuit for $87,500
The city of Hot Springs, Arkansas recently paid out $87,500 to settle a lawsuit filed in 2015 stemming from a case of whistleblower retaliation. The settlement terms were publicized after a local paper, the Sentinel-Record, made a request under the Arkansas Freedom of Information Act. In the lawsuit, a former employee of the city alleged Read More
Read MoreSEC Awards Nearly $1 Million to Whistleblower Who Provided High-Quality Tip
The U.S. Securities and Exchange Commission (SEC) announced in December that it was awarding a whistleblower with more than $900,000 for a tip that allowed the agency to bring multiple large enforcement actions against certain entities. The award marked the second in the span of a week — and the final award handed out in Read More
Read MoreSandRidge Energy Inc. Settles Whistleblower Retaliation Case
The U.S. Securities and Exchange Commission (SEC) recently announced that SandRidge Energy Inc., an Oklahoma City-based oil and gas company, has settled charges of illegal separation agreements and whistleblower retaliation. The company agreed to pay a fine of $1.4 million, but did not admit fault as part of the settlement. According to the SEC, SandRidge Read More
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