Jordan Thomas. Courtesy photo New SEC Whistleblower Rule Threatens Law Firm Compensation, Lawsuit Claims
Lawyers from the litigation boutique Consovoy McCarthy represent whistleblower lawyer and named plaintiff Jordan Thomas of Labaton Sucharow "Now, in the middle of the proverbial football game, the Commission has moved the goal posts on literally hundreds of SEC whistleblowers," the complaint said.
January 13, 2021 at 01:30 PM
6 minute read
In March 2018, the Securities and Exchange Commission reached new heights in its program for rewarding whistleblowers who expose corporate wrongdoing, paying out what at the time was a record-setting bounty of $83 million to three whistleblowers who helped the agency bring an enforcement action years earlier against Bank of America's Merrill Lynch brokerage unit.
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