SEC gives $2.2M to whistleblower in first award under ‘safe harbor’ rule. Exposing Misconduct.


SEC gives $2.2M to whistleblower in first award under ‘safe harbor’ rule

April 6, 2018

The Securities and Exchange Commission announced a whistleblower award of more than $2.2 million, the first paid under the “safe harbor” rule. The former company insider’s actions follow the Exchange Act Rule 21F-4(b)(7), which provides that if a whistleblower submits information to another federal agency and submits the same information to the SEC within 120 […]

Missouri Senate passes bill on government whistleblowers

April 5, 2018

JEFFERSON CITY, Mo. (AP) — Missouri senators on Thursday passed legislation aimed at shielding government whistleblowers from retaliation. Senators voted 30-0 in favor of the bill, which would roll back a provision of a new law that Democratic sponsor Sen. Jill Schupp said inadvertently took away protections for state workers who report misconduct or other […]

The State of Whistleblowing

April 4, 2018

We continue to read headlines of whistleblowers receiving large, sometimes, multi-million-dollar awards after successful prosecutions of companies for a variety of criminal and civil offenses.  From these headlines, we may be convinced that whistleblowers continue to grow in influence and achieving real results – the improvement of overall corporate performance.  I hate to burst the […]

The Morning Risk Report: Whistleblowers Get a Victory Against the IRS

March 30, 2018

Good morning. Two whistleblowers beat the Internal Revenue Service to claim a bigger share of a $74 million windfall, Risk & Compliance Journal reports. The dispute, resolved after the government dropped its appeal, centered on whether the IRS could share money collected as criminal penalties and civil forfeitures with the tipsters who help the agency claim […]

IRS Opens the Door Wider to Whistleblowers

March 26, 2018

Few words strike more fear in Americans than IRS audit. But now, a new law arms IRS agents with more ammunition in its pursuit for underreported income and illegal activity as the IRS takes a giant step to embracing and rewarding whistleblowers who provide the IRS with valuable information. Recently, there has been a significant […]

Takata Whistleblower Claimants Settle Fight Over Air-Bag Compensation

March 22, 2018

Three former Takata Corp. employees calling themselves whistleblowers settled a legal battle over $850 million the supplier of exploding air bags owes to car companies shouldering costs for unprecedented safety recalls. The former employees reached a settlement this week with the Japanese automotive supplier that would end their attempt to freeze $255 million of a legally mandated […]

U.S. SEC awards Merrill Lynch whistleblowers a record $83 million

March 19, 2018

WASHINGTON (Reuters) – The U.S. Securities and Exchange Commission has awarded a record $83 million to three whistleblowers tied to a 2016 settlement with Bank of America Corp’s Merrill Lynch brokerage unit, the whistleblowers’ attorney said on Monday.  The SEC announced the size of the awards on Monday but did not say which case led […]

Whistleblowers Sue City’s Top Health Insurance Providers

March 16, 2018

Three whistleblowers representing New York City employees and retirees are suing the city’s top health insurance providers for defrauding taxpayers of more than a billion dollars. The lawsuit unsealed in New York Supreme Court last month alleges that GHI, along with parent company EmblemHealth and their partner, Empire Blue Cross Blue Shield, engaged in a […]

Abiomed to pay $3.1 million to settle case over lavish doctor meals

March 8, 2018

BOSTON (Reuters) – Abiomed Inc has agreed to pay $3.1 million to resolve a U.S. probe into allegations that it sought to get doctors to use a line of heart pumps it produced by buying them lavish meals at some of the most expensive restaurants in the United States. The civil settlement was announced on Thursday […]

Cardiologist gets $6 million in Hamot whistleblower case

March 8, 2018

A $20.75 million settlement was reached in the federal suit in November. The federal False Claims Act allows citizens to sue on behalf of the government over allegations of fraud and other misuses of federal money. If the suit is successful or ends in a settlement, the citizen gets a percentage of the proceeds and […]

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