More than seventeen million dollars has been awarded to a whistleblower. This person was represented by Labaton Sucharow LLP, a practice that represents clients who are Securities and Exchange Commission (SEC) whistleblowers. According to a new law, a whistleblower can remain anonymous if that person uses a law firm to blow the whistle. That is where Labaton Sucharow LLP comes in. They are the first practice in the nation to make dedicate a practice to helping the whistleblowers. The S.E.C. Whistleblower Program is entering sixth year. Someone who reports illegal activity through the program is eligible to receive between ten and thirty percent of the money collected during any enforcement act that is successful.
Some people are happy to remain silent and not do what is right. This costs innocent people time and money. As a result, nothing is reported to the Security And Exchange Commission. The new whistleblower law helps to change that because people are rewarded for stepping up and helping to report abusive acts.Because of these new laws, it is safe for people to break their silence and report security violations to a lawyer who will take the steps to report them to the SEC.
Any money collected by the SEC under any enforcement act will be trickled down to the whistleblower in the amounts of ten to thirty percent for cases of a million dollars and over. A lawyer from the law firm of Labaton Sucharow can offer you a free evaluation of your findings to determine how strong your case is. They can also get the reports and filing started with the SEC. Keep in mind that as a whistleblower, you have rights that the law firm will help you to protect.
As an example, your law firm will not go and tell everyone your name, address and phone number. All of your personal information is kept well protected before, during and after your case is evaluated. Even if you are awarded money for your findings, your information is kept confidential. This is just another reason to have an attorney on your side during all of the filings and the process. Under these new laws, you are safe when you blow the whistle on anyone.