Labaton Sucharow is a law firm based in the United States. The law firm is respected for having established the first practice that is mostly dedicated to representing the Securities and Exchange Commission Whistleblowers. The law firm has been quite successful in its operations, and it is considered to be one of the fastest growing law companies in the United States.
Just recently, the company announced to the public that the Securities and Exchange Commission had awarded over seventeen million dollars to one of the whistleblowers who was represented by the Labaton Sucharow. According to the law firm, the whistleblower who was awarded has successfully exposed some significant wrongdoings that were taking place in the finance service industry.
The award given to the whistleblower represents the second biggest monetary award that has ever been given to date. The award is from the SEC Whistleblower Program. The particular program was founded six years ago, and it is mostly focusing on motivating individuals who expose corrupt persons and any other wrongdoings in the society. According to the SEC, the eligible whistleblowers should be able to get at least ten to thirty percent of the monetary sanctions that have been collected in the successful enforcement action.
Just like in all the other whistleblower cases, the client elected to remain unknown to the public. This is one of the measures taken by SEC to ensure that the whistleblower is free from blacklisting and retaliation. Over the years, SEC doesn’t expose the cases where a whistleblower has played a significant role. This prevents indirectly revealing the identity of the client in question.
One of the most popular SEC whistleblower lawyers, Jordan Thomas says that the client who was awarded decided to blow the whistle when the other people in the finance service department were happy to remain silent and watch while the investors were being cheated and harmed.
Apart from being a successful SEC whistleblower attorney, Jordan Thomas serves as the chairman of the Labaton Sucharow Whistleblower Representation. Jordan hopes that in the future, more significant cases in SEC will be successful due to the efforts of courageous whistleblowers in the society. Jordan says that this should serve as a beginning to bigger and important cases in the community. More people should be able to come up and expose any wrongdoing, especially in the finance department.