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Legal Disclaimer You are responsible for reading, understanding and agreeing to the National Law Review s (NLR’s) and the National Law Forum LLC s Terms of Use and Privacy Policy before using the National Law Review website. The National Law Review is a free to use, no-log in database of legal and business articles. The content and links on www.NatLawReview.com are intended for general information purposes only. Any legal analysis, legislative updates or other content and links should not be construed as legal or professional advice or a substitute for such advice. No attorney-client or confidential relationship is formed by the transmission of information between you and the National Law Review website or any of the law firms, attorneys or other professionals or organizations who include content on the National Law Review website. If you require legal or professional advice, kindly contact an attorney or other suitable professional advisor. ....
Thursday, January 28, 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 Awards Accelerate, with Nearly 25% of Total Program Awards Issued in Q4 of 2020 The fourth quarter of 2020 saw approximately $176 million in whistleblower awards 1 – almost the same amount awarded in the entire previous fiscal year, which was itself a record-setting year. 2 This acceleration was driven in part by a record-setting $114 million whistleblower award issued on October 22, 2020 to a single whistleblower whose information and assistance led to successful SEC enforcement and related actions. The SEC characterized the whistleblower’s actions as “extraordinary” and noted that the claimant “suffered serious personal and professional hardships” as a result of making a rep ....