By Steve Kardell | Published May 24, 2022 | Posted in Whistleblower Litigation | Tagged Tags: $3 Million Whistleblower Award, SEC, SEC award |
SEC Issues Whistleblower Awards Totaling $3 Million
The U.S. Securities and Exchange Commission (SEC) recently issued three separate whistleblower awards totaling approximately $3 million. According to the commission, each of these awards featured whistleblowers who voluntarily provided the agency with information that led to a successful enforcement action. The first case resulted in a $1.5 million award to a whistleblower who provided Read More
Read MoreWhistleblower Earns Approximately $10 Million in Award from CFTC
The Commodity Futures Trading Commission (CFTC) recently announced an award of approximately $10 million to a whistleblower who provided unique information that prompted the opening of a CFTC investigation. The whistleblower provided this information at the earliest possible stages of the investigation, and further assisted the organization in later stages with supplementary information. Representatives from Read More
Read MoreMallinckrodt Must Pay $234 MIllion to Resolve False Claims Act Lawsuit Brought by Former Employee
The federal government, in conjunction with individual states, the District of Columbia and Puerto Rico, recently settled a False Claims Act lawsuit against Mallinckrodt PLC, a pharmaceuticals company. The lawsuit alleged Mallinckrodt regularly and knowingly underpaid Medicaid rebates for one of its products, Acthar. As a result of the action, the company must pay nearly Read More
Read MoreFCA Whistleblowers Received Lowest Total Awards in More than a Decade
The federal whistleblower programs at the Securities and Exchange Commission (SEC) and Commodities and Futures Trading Commission (CFTC) have been the subject of quite a bit of praise for their effectiveness, and it’s easy to see why; the agencies’ programs have taken off in a big way over the last several years, and both achieved Read More
Read MoreWhistleblowers Claim Retaliation for Exposing Abuses at Federal Prisons
The federal Bureau of Prisons is under fire for a new set of scandals, including allegations staff and a warden routinely sexually abused inmates at a women’s prison. Now, whistleblowers who exposed wrongdoing within the system say they’re being retaliated against for their role in bringing the scandals to light. Whistleblower retaliation at the Bureau Read More
Read MoreBe Aware of the Possible Drawbacks of Whistleblowing
There are quite a few potential incentives and advantages associated with becoming a whistleblower, not the least of which is the potential to earn some significant financial compensation. But as you make your decision it is important that you take the time to consider what you’re getting into and the possible drawbacks that could exist Read More
Read MoreThe Incentives of Becoming a Whistleblower
If you become aware of wrongdoing within your company or organization it can be an understandably difficult or uncomfortable decision to blow the whistle. But if you do decide to become a whistleblower, it may well become very worth your while. In addition to the legal protections whistleblowers have available to them under federal law, Read More
Read MoreHealthcare Employers Saw Rise in Whistleblower Claims During COVID-19 Pandemic
Since the beginning of the COVID-19 pandemic approximately two years ago there has been a steep increase in the number of whistleblower lawsuits filed against healthcare employers. With the significant rise in litigation, it has become more important than ever for employers in this field to make sure they are properly navigating COVID-related issues and Read More
Read MoreCalifornia Supreme Court Ruling Makes it More Difficult for Employers to Dismiss Whistleblower Retaliation Claims
A recent opinion from the California Supreme Court makes it more difficult for employers to avoid or dismiss claims of whistleblower retaliation. The ruling came in the case of Wallen Lawson v. PPG Architectural Finishes Inc. The court unanimously decided to apply more lenient standards of evidence when evaluating whistleblower retaliation claims under the state’s Read More
Read MoreSEC Considers Changes to Rules of its Whistleblower Program
On February 10, the U.S. Securities and Exchange Commission announced a pair of proposed changes to some of the rules that govern the agency’s successful whistleblower program. The proposed amendments are to Exchange Act Rules 21F-3 and 6. If the amendments were to be adopted, they would ensure whistleblowers are more appropriately rewarded for their Read More
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