By Steve Kardell | Published July 21, 2022 | Posted in New Legislation, Whistleblower Litigation | Tagged Tags: anti-retaliation, SEC, SEC whistleblower award |
The Whistleblower Program of the Securities and Exchange Commission (SEC) has been a significant success since its implementation in the Dodd-Frank Wall Street Reform Act, but there have been some weak points. Chief among those is that it can take a significant amount of time before the SEC concludes its investigation and when the whistleblower Read More
Read MoreOn April 25, the U.S. Securities and Exchange Commission issued whistleblower awards to two groups of recipients comprising five total whistleblowers. According to the SEC, both of these group sof whistleblowers significantly assisted in cases by providing information and ongoing assistance that ultimately led to the success of the same enforcement action taken. The first Read More
Read MoreThe U.S. Commodity Futures Trading Commission (CFTC) issued a Notice of Covered Action (NCA) on May 18 for action taken against Kraft Foods Group, Inc. and Mondelez Global LLC. The companies are charged with manipulating the market, specifically with regard to prices of cash wheat and wheat futures. With the NCA issued, whistleblowers are able Read More
Read MoreTracFone Wireless Inc., a Miami-based telecommunications carrier, will pay $13.4 million to settle allegations of False Claims Act violations. The case was originally brought by a whistleblower, Farrell Gordon, who will receive $462,500 in compensation for his services in bringing the case forward. Whistleblowers in False Claims Act cases are eligible to receive 15 to Read More
Read MoreA former firefighter from Montebello, California recently filed a federal whistleblower wrongful termination suit worth more than $5 million. That firefighter, Vernon Creswell, already won a $2.6 million payout from the city after a jury found in July 2015 that he was a victim of racial harassment and discrimination while working for the department. Cresswell Read More
Read MoreThe U.S. Securities and Exchange Commission (SEC) recently issued a $14 million award to a whistleblower who published an online report that exposed ongoing fraud. That whistleblower shared the same information days later with the SEC. They were proactive in reaching out to the staff and assisting the commission in opening an investigation that resulted Read More
Read MoreA recent lawsuit against a Georgia surgical company and the physician who owns it resulted in a $3 million lawsuit. The False Claims Act case was filed against Dr. Jeffrey Gallups and his company, Milton Hall Surgical Associates. A former staff doctor blew the whistle on alleged fraudulent practices, including ordering unnecessary tests for patients Read More
Read MoreAre you aware of fraudulent activity within a consumer products company, or an inherent danger of a product the company is trying to conceal? It is important to know your rights under the Consumer Product Safety Improvement Act (CPSIA) so you can safely blow the whistle. Here are a few tips to keep in mind. Read More
Read MoreThe U.S. Department of Labor’s (DOL) Occupational Safety and Health Administration (OSHA) recently ordered Pegasus Elite Aviation, a private aviation company, to pay an employee back wages and other costs after determining that employee was the victim of whistleblower retaliation. The total money owed to the whistleblower was $958,000, which included $898,000 in back wages, Read More
Read MoreBest Lawyers recently had a thoughtful article in its “All Rise” newsletter in which they tied a seeming increase in whistleblower reports (specifically SEC whistleblower reports) to the #MeToo movement that came to the forefront several years ago. Since 2012, when the SEC handed out its first whistleblower award, the agency has handed out more Read More
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