Panasonic : U S regulator awards $28 million to tipster on Panasonic probe
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U S regulator awards $28 million to tipster on Panasonic probe
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U.S. regulator awards $28 million to tipster on Panasonic probe Reuters 1 day ago
WASHINGTON, May 19 (Reuters) - The U.S. securities regulator on Wednesday doled out a $28-million award to a whistleblower for information that led U.S. authorities to bring bribery charges against a subsidiary of Panasonic Corp, according to the tipster s lawyers.
The Securities and Exchange Commission (SEC), which did not disclose the name of the company or the whistleblower, said the information led the SEC and another other agency to open investigations resulting in significant enforcement actions. Attorneys Christopher Connors and Andy Rickman said they represented the whistleblower and confirmed the award related to Panasonic foreign bribery probe.