A Client of the Lebaton Sucharow Law Company Receives a Huge Reward from the SEC

Labaton Sucharow Law Company is a frontrunner in the provision of legal services to whistleblowers of the Securities and Exchange Commission. The firm has been offering the services since 2010, and it has managed to develop a well-established whistleblower representation practice that comprises of in-house investigators, financial analysts, and forensic auditors who have ample knowledge on the enactment of securities laws. An informant who was represented by Labaton Sucharow was rewarded $17 million by the SEC for exposing various wrongdoings that were happening in the financial sector. This is among the highest prices that have ever been paid by the commission. The whistleblower protection plan states that the whistleblower should be offered 10 to 30 percent of the total amount that is collected by the SEC as fines that are imposed as a result of the information that they provide.

The client of the Labaton Sucharow exposed one of the largest firms in the financial sector. The informant’s identity was not revealed since he was represented by an attorney. Remaining anonymous is crucial since it helps one to avoid revenge or being blacklisted by employers. Jordan A. Thomas who manages the whistleblower representation of the Labaton Sucharow believes that it is appropriate for employees to expose fraudulent companies. He is a former assistant director of the SEC, and he was the attorney who represented the first public company servant to be offered a monetary reward by the SEC. Mr. Thomas participated in the formation of the whistleblower protection laws.

The Securities and Exchange Commission is always working to ensure that the public is motivated to report cases about companies that break federal securities laws. This is through the financial incentive and employment protection. The Investor Protection Fund, which was made with the aim of ensuring that informants are paid, is loaded with $400 million that is always replenished. The Commission assures its sources that the information that they offer is protected by the attorney-client privilege. It also provides free translators to individuals who cannot communicate in English.

Labaton Sucharow has been operational for the past 50 years, and it has been dealing with securities litigations that are related to consumers, investor, and companies. It is a pioneer in the provision of whistleblower representation services. The company has a good profile in offering legal representation to complainants and institutions such as the Chambers and Partners, The Legal 500 and the Benchmark Litigation have recognized it for this.