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SEC Likely to Take More Enforcement Actions Against Public Companies

A recent report from the New York University Pollack Center for Law & Business and Cornerstone Research reveals enforcement actions on the part of the U.S. Securities and Exchange Commission (SEC) against public companies and their subsidiaries have increased at a faster rate than all other types of enforcement actions over the last four years. Read More

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SEC to Use Whistleblower Tips in Merrill Lynch Lawsuit

The U.S. Securities and Exchange Commission (SEC) will take action against brokerage firm Merrill Lynch, claiming that an investment that declined by about 95 percent in value was marketed using techniques its financial advisors said were “borderline crooked.” The upcoming case centers on the risks of “structured notes,” which are securities that banks build out Read More

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Latest SEC Whistleblower Award Goes to 3 People

The U.S. Securities and Exchange Commission (SEC) continues to hand out large financial awards to whistleblowers under its program created by the Dodd-Frank Act of 2010. Any whistleblower tips that lead to enforcement action worth more than $1 million in monetary damages make whistleblowers eligible for a 10 to 30 percent cut of the collected Read More

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Whistleblower Compliance Officer Receives $1.4 Million Award from SEC

On April 22, the U.S. Securities and Exchange Commission (SEC) announced an award of between $1.4 million and $1.6 million given to a compliance officer who alerted authorities to wrongdoing within a large company. Because of confidentiality laws, the SEC was not able to reveal the name of either the whistleblower or the business. However, Read More

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Senate Approves Whistleblower Bill for the Auto Industry

The U.S. Senate passed the first-ever piece of whistleblower legislation specific to automotive safety April 28. The proposed measure provides incentives to whistleblowers within the auto industry to come forward about known safety issues. It was developed in the wake of the controversies surrounding Takata air bags and General Motors ignition switches over the last Read More

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SEC Launches Investigation into Employment Contracts that Prevent Whistleblowing

A February 25 article in the Wall Street Journal reports that the U.S. Securities and Exchange Commission (SEC) will begin investigating the kinds of agreements that certain companies make with their employees. The article states that the agency has already sent out several requests to different companies for years’ worth of employment contracts, nondisclosure agreements Read More

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SEC Whistleblower Investigation Leads to Concern Over Protecting Confidential Information

A recent article from the Wall Street Journal indicates that the Securities & Exchange Commission (SEC) began a formal inquiry into whether corporations are setting up their confidentiality agreements in ways that prevent their employees from reporting violations of securities law to the SEC. This article is just the most recent report of significant concerns Read More

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Two Whistleblower Cases Show Major Contrast of How Cases Can Result

A couple of recent whistleblower cases that have received national attention show the large divide that still exists in the way that these cases can progress. The first case saw the SEC award a whistleblower $400,000 for delivering information about his company’s wrongdoing that he had originally tried to report internally before being ignored by Read More

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Are More SEC Protections on the Way for Whistleblowers?

A pro-whistleblower coalition comprising organizations including the Government Accountability Project, the Project on Government Oversight and more is in the news for pressuring the Securities and Exchange Commission (SEC) to improve its protections for employees that alert authorities to potential wrongdoing in their workplace. Members of the coalition are concerned about the clarity of the Read More

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As Seen In
In his new book, "Standing Up to China: How a Whistleblower Risked Everything for His Country," former client & Author, Ashley Yablon, quotes Attorney Steve Kardell about Whistelblower Law.
Testimonials
  • "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

  • "Incredible knowledge of employee related concerns and equally brilliant knowledge of health care regulations, standards of practice. I would recommend this firm to anyone."  -V.B.

  • "Reaching out to Steve Kardell was the best decision I made. His ability to provide immediate insight and direction was very powerful, and a huge relief during a very stressful time period. For anyone struggling with a whistleblower situation, I would highly recommend at least speaking with Steve. After a 10 minute call with him, I had a better understanding of what I was dealing with. Even better, he gave me some immediate hope. In the end Steve did a better job than I thought was possible. Steve was able to get in contact with people in my organization, that I didn’t have access to. Because of his years of experience, he already has contacts in many organizations in Dallas. The entire situation was handled peacefully. I was impressed by his ability to “keep the peace”–rather than creating a battle with the organization. The reason I didn’t reach out to a lawyer initially, was because I thought it would mean an immediate end to any hope of a positive relationship with the company. Steve was able to address my concerns, and in the end I was able to continue to work for them."  -KS

  • "Never thought my career would end like it did after 30 years of service. I was part of the first round of the so called reduction of force. I asked myself how can I be part of this with 30 years of seniority. How did they pick these 90 plus employees? Now, the culture of this organization made you question every decision they made. It wasn’t what you knew it’s was a culture of who you know. Nonetheless, I did not accept their severance package. I immediately starting looking for an attorney who would take on my case. After the initial call to Steve I had hope again. He was open and honest about everything and reassured me he would do his best for me, and he did. I had an awesome outcome. Thanks Steve you’re the best."  -S.S.