Labaton Sucharow helps one of its Customers to acquire a $17 Million Reward.

Labaton Sucharow is a well-known law firm that offers legal representation service to individuals who volunteer to inform the SEC on activities of organizations that do not follow the federal securities laws. The company has been providing the service for about six years, and it has managed to develop a competent structure that it uses in filling its litigations. One of the client’s that is represented by Labaton Sucharow was recently awarded $17 million dollars due to the usefulness of information that he offered to the SEC to help it in finding illegal actions of businesses in the financial sector. This monetary incentive was one of the two highest that have ever been paid by the commission to the whistleblowers. The regulations that are offered by the whistleblower protection program dictate that the SEC should award the informant at least 10 to 30 percent of the money that it acquires from sanctions.

One of the principal companies in the financial sector has been participating in activities that are against the law and the intelligence that the whistleblower provided was crucial in enabling the SEC to unearth them. The SEC is concerned about protecting the identity of individuals, and therefore, it only gave limited facts about the scandal to avoid accidental disclosure of the whistleblower’s identity. The whistleblower also maintained his anonymity by hiring the services of an attorney to represent him. The administrator of the Labaton Sucharow’s whistleblower representation services is Jordan A. Thomas. He has sufficient knowledge in the securities-related legislations since he was an assistant principal litigation counsel of the SEC and also participated in the enactment of the whistleblower protection program.

Citizen and foreigners are encouraged to offer useful intelligence to the SEC at their convenience, since consulting the Commission is free. The commission provides translators to assist individuals who cannot speak English. The SEC also encourage whistleblower by ensuring that they get an incentive as stated in the whistleblower protection program. The Congress has formed the Investor Protection Fund that has $400 million that is to be used for rewarding the whistleblowers. This is to ensure that the whistleblowers receive their reward in time

Labaton Sucharow is an old company, and it has been active for about half a century. The customers who seek for its services include enterprises, businesspersons, and consumers. The firm has an outstanding reputation for the representation services that it offers to complainants. It has been recognized by various bodies, which include the Chambers and Partners, The Legal 500, and Benchmark Litigation.

The SEC gives one of the highest Rewards to a Labaton Sucharow Client

Lebaton Sucharow is one of the leading firms that offer legal representation service to the whistleblowers of the SEC. The company started the whistleblower representation practice after the implementation of the Dodd-Frank Act of Wall Street and the Consumer Protection Program. It was a frontrunner in the sector and has been offering top-notch services to its clients. One of the customers who is represented by the law company won a case and was given a $17 million reward. This was the second highest prize that the SEC has ever offered to its whistleblower since the formations of the protection program about five years ago.

 

The intelligence that the informant provided was crucial in assisting the SEC to apprehend one of the top players in the securities sector. The whistleblower kept his identity a secret by hiring an attorney to represent him at the SEC. The commission also withheld most of the information about the case to avoid revealing the identity of the whistleblower since it may lead to employer blacklisting and harassment.

 

Labaton Sucharow’s whistleblower representation practice is managed by Jordan A. Thomas. He is an experienced professional in dealing with securities since he has worked with the SEC. He is the former deputy director and the assistant principal litigation counsel of the commissions’ Department of Enactment. He is highly acknowledged for the role that he played in the creation of the SEC whistleblower program while he was an employee of the commission.

 

The protection program states that the informant should be rewarded at least 10 to 30 percent of what the Securities and Exchange Commission collects as fines due to the information that was provided. The whistleblower can also be given an additional reward in case other law enforcement institutions use the information to impose sanctions on the offender. Apart from the monetary compensation, the Dodd-Frank Act also indicates that employers are not allowed to harass the whistleblower in any way.

 

The SEC is encouraging company employees and the public as a whole to offer intelligence about any organization that is participating in fraudulent activities in the financial sector. This motivation is through the nature of protection that it provides to the informants. The United States Congress has also played a significant role in ensuring that the whistleblower protection program is well implemented and this is by creating the Investor Protection Fund, which is often replenished. It currently has $400 million.