Labaton Sucharow law firm is a leading provider of whistleblower representation services. The legal solutions of the company are dedicated to advocating for the rights of people who provide the Securities and Exchange Commission with useful information about lawbreaking enterprises in the financial sector. The company stated that the SEC had offered a $17 million reward to one of its clients who exposed various illegal activities in the industry. The reward that the whistleblower received was the second highest that has ever been offered by the SEC since the establishing of the whistleblower protection laws in 2010. According to the regulation of the program, 10 to 30 percent of the sanctions that the Commission collects from the law breakers is shared with the whistleblowers as a way of appreciating their efforts.
The Labaton Sucharow client had offered intelligence that was vital in unveiling the wrongdoing of one of the top businesses in the financial sector. The informant used the representation of the law firm as a means of reaching the Securities and Exchange Commission without revealing his or her identity. Staying anonymous assists in evading the vengeance from the lawbreakers and other employees. Labaton Sucharow’s representation to the whistleblowers is under the guidance of Jordan A. Thomas who is a top attorney at the law firm. He is highly knowledgeable about securities legislation and was a primary participant in the creating of the whistleblower protection program. Some of the cases that he has represented whistleblowers include an instance where the employer retaliated to the informant, and the SEC offered the first worker of a public company a monetary incentive.
The SEC motivates citizens of the United States and foreigners to report businesses that do not operate by the federal securities laws. Foreigners who cannot communicate in English are given a free translator by the commission. The Congress has also been striving to ensure that the informants are awarded in time, and it has formed the Investor Protection Fund that has $400 million that can be used as a reward to them.
Labton Sucharow has operated for more than five decades, and its services have been beneficial to businesses, consumers and investors. The firm created the first whistleblower representation practice. It has currently established an excellent platform for serving its clients. Labaton Sucharow offers exceptional legal representation to the litigant, and its services have been appreciated by The Legal 500, Benchmark Litigation and the Chambers and Partners.