Whistleblower Law Blog

TweetThe Employment Law Group® attorney Jason Zuckerman is quoted in an article titled Whistle-blower Debate Heats Up on CFO.com regarding the Securities and Exchange Commission’s proposed regulations for implementing the whistleblower provisions of the Dodd-Frank Act.  The Act requires the SEC to provide a monetary reward to whistle-blowers who voluntarily report original information leading to [...]

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TweetIn an article in the Fiscal Times discussing the SEC’s proposed rules implementing the Dodd-Frank Act’s whistleblower provisions, Jason Zuckerman, an attorney at The Employment Law Group® law firm, asserted that all whistleblowers should be permitted to report fraud directly to the SEC: A key point of contention is whether the whistleblower should be required [...]

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TweetJason Zuckerman, principal at The Employment Law Group® law firm, published a Special Feature article in the December 2010 issue of the American Bar Association Section of Labor and Employment Law’s Flash, analyzing the impact of the whistleblower provisions of the Dodd-Frank Act: As described in the August issue of the Flash, the whistleblower provisions [...]

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TweetIn an article about the whistleblower provisions of the Dodd-Frank Act, the Wall Street Journal quotes Jason Zuckerman, a principal at The Employment Law Group®, regarding defense counsels’ complaint that SEC rules do not prevent a whistleblower from both collecting an award under the SEC whistleblower reward program and also seeking compensation through a securities [...]

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TweetIn an article in today’s Wall Street Journal and in a Wall Street Journal blog post, Jason Zuckerman, a principal at The Employment Law Group®, was quoted regarding new regulations proposed by the SEC for its Whistleblower Reward Program: “Whistleblowers should not be required to go to their companies first,” said Jason Zuckerman….  [He] didn’t [...]

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TweetA sign that the Securities and Exchange Commission (SEC) is seriously committed to routing out corporate fraud, the SEC has set aside $450 million to fund its whistleblower reward program, which was established under The Dodd-Frank Act.  The SEC must reward whistleblowers who file complaints that lead to the recovery of funds.  The Dodd-Frank Act [...]

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TweetJason Zuckerman, a principal at The Employment Law Group®, will moderate a D.C. Bar Brown Bag titled “Dodd-Frank Act: Robust Protections and Substantial Rewards for Whistleblowers” on November 9, 2010.  The panel of speakers will discuss: The whistleblower reward provisions; The scope of the new whistleblower ant-retaliation provisions; The amendments to the Sarbanes-Oxley Act and [...]

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TweetJason Zuckerman, a principal at The Employment Law Group®, will moderate a D.C. Bar Brown Bag titled “Dodd-Frank Act: Robust Protections and Substantial Rewards for Whistleblowers” on November 9, 2010.  The panel of speakers will discuss: The whistleblower reward provisions; The scope of the new whistleblower ant-retaliation provisions; The amendments to the Sarbanes-Oxley Act and [...]

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TweetAccording to the Star Tribune, former Ameriprise branch manager Michael Loscalso filed a federal lawsuit alleging he was fired in retaliation for reporting fraud and other violations of regulatory rules.  Under the Dodd-Frank Act, whistleblowers similar to Loscalso are entitled to protection from retaliation and may even be entitled to a monetary reward in return [...]

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TweetAccording to an article in the New York Times, a trader named Arthur Schlobohm detected a $160 million Ponzi scheme run by Trevor Cook.   As a result of Mr. Schlobohm’s courageous whistleblowing, Mr. Cook was sentenced to 25 years in prison and ordered to pay $158 million in restitution. Mr. Schlobohm says that because regulators [...]

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TweetJason Zuckerman, a principal at The Employment Law Group®, will lecture on “New Developments in Whistleblower Law and Effective Strategies for Prosecuting Whistleblower Retaliation Claims” on November 3, 2010 in Chicago, IL.  New whistleblower provisions in the Dodd-Frank Act and other recently enacted federal whistleblower protection laws will be discussed.  He will also touch on [...]

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TweetPresident Obama signed into law S.3717, which would repeal provisions in section 929I of the Dodd-Frank Act that grant confidentiality to SEC investigations of fraud committed by publicly-traded companies.  We previously blogged about this Bill here.  For information about The Employment Law Group® law firm’s SEC Whistleblower Practice, click here.

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TweetThe Senate unanimously approved Bill S.3717, which would repeal provisions in section 929I of the Dodd-Frank Act that grant confidentiality to SEC investigations of fraud committed by publicly-traded companies.  Under Section 929I, the SEC cannot be compelled to disclose information provided to the SEC by whistleblowers; however, the SEC must still comply with the information [...]

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TweetAccording to Time, the new SEC whistleblower reward program established by the Dodd-Frank Act will likely lead to a substantial increase in the reporting of fraud and other wrongdoing by public companies to the SEC.  Under the previous SEC reward program, the SEC granted rewards between 0% and 10% to whistleblowers at the SEC’s discretion.  [...]

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TweetAccording to an article in The Washington Post, the whistleblower provisions of the Dodd-Frank Act (DFA), which provide a substantial incentive to report financial fraud, are expected to generate a substantial increase in whistleblower litigation.  The DFA requires the SEC and Commodity Futures Trading Commission (CFTC) to provide a financial reward to whistleblowers who provide [...]

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