Thursday, April 22, 2021
Whistleblower Developments is a periodic report covering significant cases, decisions, proposals, and legislation related to whistleblower statutes and how they may impact your business. Recent developments include:
SEC Whistleblower Program Awards Total Over $23 Million in the First Quarter of 2021, Including Award Based on DOJ Non-Prosecution Agreement
Although its awards were substantially lower than those during the record-setting quarter at the end of 2020, the SEC Whistleblower Program distributed sizable awards in the first quarter of 2021 to whistleblowers whose information led to an enforcement actions. Notable awards issued this quarter include the following:
On February 23, 2021, the SEC announced an award of more than $9.2 million to a whistleblower who provided information that led to successful related actions by the U.S. Department of Justice, including a non-prosecution agreement (NPA) or deferred prosecution agreement (DPA).
Review of Recent Whistleblower Developments - April 2021 | Foley & Lardner LLP
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On April 15, 2021, the SEC announced payment of more than $50 million to joint whistleblowers who provided the SEC with information that resulted in the return of tens of millions of dollars to harmed investors.
Jane Norberg, Chief of the SEC’s Office of the Whistleblower, noted that “this award is the second largest in the history of the SEC’s whistleblower program” (following only the record-breaking $114 million award announced in October 2020), and reflects “the tremendous contribution of these joint whistleblowers to our ability to recover funds for harmed investors.”
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On April 15, 2021, the SEC announced payment of more than $50 million to
joint whistleblowers who provided the SEC with information that
resulted in the return of tens of millions of dollars to harmed
investors.
Jane Norberg, Chief of the SEC s Office of the
Whistleblower, noted that this award is the second largest in
the history of the SEC s whistleblower program (following
only the record-breaking $114 million award announced in October 2020),
and reflects the tremendous contribution of these joint
whistleblowers to our ability to recover funds for harmed
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