PRNewswire recently did a article about SEC whistleblowers. There was the second largest SEC whistleblower award given to a Labaton Sucharow LLP client. Labaton Sucharow LLP was the first practice that was dedicated to representing individuals that were SEC Whistleblowers. Labaton Sucharow LLP has been able to receive more than $17 million for different whistleblowers cases across the country, and their firm is widely renowned for their success in this arena. Labaton Sucharow LLP is a company that fights for their clients, because they want to help them to have success in their cases. Labaton Sucharow LLP wants their clients to be protected, and at the same time they want them to get compensated for doing the right thing by exposing fraudulent activities in their work places.
This award was the second-largest for Labaton Sucharow LLP, and a whistleblowers can receive 10% to 30% of the total monetary amount that is collected in a successful legal sanction. This whistleblower client was represented by Labaton Sucharow LLP, and he or she decided to remain anonymous, because they did not want to receive any retaliation because of being a whistleblower. This individual decided to go report infractions that happened in the financial services industry. These individuals that are whistleblowers are truly courageous, because they are exposing illegal activity at the workplace.
The SEC Whistleblowers program offers individuals protection when it comes to whistleblowing. These individuals have the ability to report different securities violations in a way that is anonymous, and in that way they will not lose their jobs. These individuals will not suffer from any retaliation because of their anonymity. Congress also established a replenishing investor protection fund which makes sure that there is adequate funds available to pay these awards.
Labaton Sucharow LLP has been a practice for more than 50 years, and they represent institutional investors, business, and securities litigation. They are one of the first practices that was able to get together a world-class team of investigators to represent whistleblowers. Labaton Sucharow LLP are among the premier law firms when it comes to the ranking in Chambers and Partners, The Legal 500, and much more.