Employers should check their confidentiality and severance agreements for a common oversight that, for some, is becoming a costly error. Recent enforcement activity by the.
The U.S. Securities and Exchange Commission (“SEC”), in a couple of recent settled actions, continues to warn companies that the practice of requiring departing employees to sign.
On November 15, 2022 the U.S. Securities and Exchange Commission (SEC) released its Dodd-Frank Whistleblower Program fiscal year (FY) 2022 Annual Report to Congress. The same day, the.
Whistleblower Network News WNN recently revealed corporate law firms specializing represent defendants before Securities and Exchange Commission SEC have switched sides representing whistleblowers turning in corporate fraud. SEC did not call attention to new-found client base.
another record-breaking year. In the
first 8 months of FY2021, the SEC has granted an additional $339 million to 57 individuals. This represents more than a third of the total $901 million awarded to 163 separate individuals since the SEC issued its first award pursuant to this program in 2012. This includes an award of $114 million in October 2020, the largest single award in the program’s history, which was covered in this recent post.
It’s sometimes difficult to get a sense of what warrants these large awards. Typically, publicly available orders relating to whistleblower awards are heavily redacted, especially the subject matter underlying the whistleblower tip and alleged misconduct. However, at the end of each month, the SEC publishes Notices of Covered Action (“NoCA”) for every SEC enforcement action that results in monetary sanctions of over $1 million by a final judgment or order, by itself or together with other judgments or orders in the same action. Individuals