Labaton Sucharow a reputable company that has been providing legal services to the whistleblowers of the SEC. The company was established about five decades ago, and it started a whistleblower representation practice in 2010. This was after the Congress passed the Consumer Protection Act and the Dodd-Frank Wall Street Reform, which led to significant transformations in the finance sector. Labaton Sucharow recently informed the public that one of its clients had been awarded $17 million by the Securities and Exchange Commission. This amount was a reward for providing important intelligence to the SEC about an organization that was not operating by the federal securities laws. According to the whistleblower protection laws, the informant is entitled to approximately 10 to 30 percent of the penalties that a company pays for breaking the law.
The SEC was able to unearth various unlawful undertakings that were happening in the financial sector by using the information that they got from the whistleblower. They also learned that one of the principal companies in the industry was participating in fraudulent activities. Labaton Sucharow represented the whistleblower in the litigation process, and therefore, his identity was not revealed to the public. The SEC advises its clients to avoid offering personal details that can reveal their identity. Staying unknown is important since on can prevent harassment from the company that he or she reported and also being blacklisted by other employers.
Jordan A. Thomas is one of the top attorneys at the Labaton Sucharow law firm, and he is also in charge of the company’s whistleblower representation practice. Before joining the firm, he was an employee of the SEC where he served as an assistant director. Mr. Thomas is recognized in the sector for being on the committee that formed the whistleblower protection laws.
Company employees and the public as a whole is encouraged by the SEC to report any organization that breaks the federal securities laws. The commission assures job security and an attractive financial incentive to any individual who volunteers to be a whistleblower. The Investor Protection Fund, which was created by the Congress has over $400 million dollars that are to be used for compensating whistleblowers.
Labaton Sucharow was started as a law firm that offered legal services to enterprises, organizational investors, and consumers who were involved in litigations that are related to securities. The company has currently advanced in whistleblower representation and has employed experts such as forensic specialists, internal investigators, and financial analysts to help in making processes successful. The Chambers and Partners, The Legal 500, and Benchmark Litigation have acclaimed the company as a competent provider of plaintiff representation.