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.
Entries in Whistleblower (155)
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.
As mentioned in a prior post, ex post protective measures for whistleblowers are insufficient on their own. Considering the economic benefits brought by effective reporting mechanisms, private firms need to adopt proactive measures that will avoid whistleblower victimization and lead to meaningful organizational change.
A former employee of Abbott Laboratoratories will collect $1 million from a $9 million settlement in a kickback case against the nation’s second-largest nursing home pharmacy, PharMerica Corp.
The Financial Conduct Authority released new rules Tuesday for the UK banking and insurance sector to protect whistleblowers and encourage them to come forward.
There is ample evidence suggesting that retaliation against whistleblowers is common, even in countries with elaborate whistleblower protections.