Labaton Sucharow is a successful law firm that comprehensively represents institutional investors, businesses, and consumers who are involved in complex business and securities litigation. The institution was founded more than five decades ago, and it has helped many individuals. Several years ago, the law firm decided to start a practice that focused on protecting and also advocating for rights of whistleblowers who decided to report any securities violation to SEC. The Whistle Blower Practice is conducted by an experienced team of investigators, forensic accountants and financial analysts who have a lot of experience in federal and state law enforcement to give the right representation to the whistleblowers.
Just recently, the program announced that SEC had decided to award over seventeen million dollars to one whistleblower who was represented by the Labaton Sucharow firm. According to the report, the whistleblower had managed to successfully expose some significant wrongdoings that were taking place in the financial industry.
The award from SEC represents the second largest honor that has ever been given to a whistleblower under the SEC Whistleblower Program that has been operating for more than six years. The unique program was started so that all the eligible whistleblowers can receive at least ten to thirty percent of the money sanctions that are collected after a successful enforcement action.
Reports say that the whistleblower represented by Labaton Sucharow provided SEC with very high-quality information, and it led to the sanctions against some of the main players in the financial department. The client who exposed the crucial information has, however, remained anonymous to the public to avoid any chances of blacklisting or retaliation. The Whistleblower Program keeps this rule for all the cases to protect the individual.
Jordan Thomas is one of the SEC whistleblower lawyers who represented the client. Jordan is very proud that his client was brave enough to blow the whistle while the rest of his colleagues in the financial service industry remained silent and allowed the investors to be seriously harmed. Jordan believes that most of the notable cases from SEC will be as a result of the whistleblowers that are courageous to stand up and talk. According to the successful lawyer, this should just be the beginning.
Winning cases against the high profile individuals in the financial department is not a walk in the park. The lawyers at the firm worked very hard to ensure that the wrongdoings were exposed. The lawyers were excited that their client had won the case.No Comments on Labaton Sucharow Client awarded