Labaton Sucharow LLP are at it again. The law firm recently announced that it secured the second-largest payout for an SEC whistleblower in the history of the United States. The anonymous whistleblower, working under the protection of Jordan A Thomas and Labaton Sucharow LLP, was awarded $17 million after the federal government levied fines against the whistleblowers public financial institution. http://www.prnewswire.com/news-releases/second-largest-sec-whistleblower-award-granted-to-labaton-sucharow-client-300282555.html
The law firm has a market-leading securities litigation platform and uses it to represent SEC whistleblowers that come forward under the protection of the Dodd Frank act. Labaton Sucharow LLP was the first law firm to specialize exclusively in the protection of SEC whistleblowers under the Dodd Frank act, and they take their job very seriously. That’s why the law firm went out and got Jordan A Thomas to lead the whistleblower protection program.
Mr. Thomas has been specializing in securities and exchange fraud for quite some time. He was a former litigator in the enforcement wing of the Securities and Exchange Commission. The experienced SEC whistleblower attorney also had a hand in crafting the SEC whistleblower protection provisions in the Dodd Frank act itself.
After leaving the SEC, Mr. Thomas was the first SEC whistleblower lawyer to successfully secure an SEC whistleblower payout under the Dodd Frank act. He was also the first lawyer to successfully defend an SEC whistleblower from a confirmed case of retaliation. In both cases, the experienced lawyer used his intimate knowledge of the Dodd Frank act to protect his clients.
And now Mr. Thomas has secured the $17 million payout for the anonymous whistleblower, adding to his resume. And the head of the whistleblower protection program at Labaton Sucharow LLP thinks these kinds of payouts are just the beginning. He believes that the Dodd Frank act is so well-crafted that more whistleblowers will come forward to receive their financial incentive and the protections that the act affords.
SEC whistleblowers are allowed to come forward anonymously while being represented by an experienced lawyer. The Dodd Frank act shields them from any retaliation but the anonymity guarantees protection. The whistleblower is also entitled to a large percentage of the fines levied against their own public financial institution. If they come forward under the rules of the Dodd Frank act, with the guidance of an experienced lawyer, a whistleblower can walk away with up to 30% of the total fines collected so long as those fines exceed $1 million.