The U.S. Securities and Exchange Commission released an Order Determining Whistleblower Award Claim for more than $700,000 to one person, but denying an award to three other claimants for the same matter.
Entries in Whistleblower (162)
Secrets. We all have them. It’s human nature to keep them. But given recent enforcement actions initiated by whistleblowers, one thing is clear: a good secret has a high price tag.
An Indiana-based furniture company that filed a federal whistleblower lawsuit against a competitor for evading U.S. import duties on deliveries from China will collect $2.25 million as part of a settlement.
Whistleblowers can be a privileged source of information for journalists. Public disclosure of wrongdoing may also be one of the most powerful measures of accountability.
Effective speak-up or whistleblowing hotlines are an element of good governance and can act as an early warning system. But while most large companies have a formal mechanism where employees can voice concerns, our 2015 Ethics at Work survey shows that employees don't have confidence in the system.
Four whistleblowers who filed separate False Claims Act lawsuits against the operator of for-profit colleges that alleged recruiting fraud will split more than $11 million after the suits were settled Monday.
The Securities and Exchange Commission Wednesday announced a whistleblower award of $325,000 to a former investment firm employee who missed a bigger payout by waiting too long before tipping the agency about a fraud.