Labaton Sucharow is a renowned law company that was the first to provide legal representation to the informants of the Securities and Exchange Commission after the creation of the SEC whistleblower representation program. One of the clients that the company represents was recently offered $17 Million Dollars by the SEC, after the information that he provided was useful in uncovering rogue undertakings in the financial industry. The reward was the second largest amount that the SEC had ever offered to its whistleblowers since 2010 when the protection program was formed. According to the law, the SEC informant is entitled to about 10 to 30 percent of the money that the commission will receive as penalties from the law breakers.
The SEC whistleblower provided the board with vital intelligence on the illegal operations of one of the key firms in the financial industry. The informant chose to use the representation of an attorney as a way of staying anonymous to evade employer blacklisting and harassment. The commission also helped in protecting the identity of the informant by not releasing information about the case that may lead to indirect recognition. The whistleblower representation practice of Labaton Sucharow is headed by Jordan A. Thomas who is also an attorney at the firm. He has ample experience in the industry, and he formerly worked at the SEC where he participated in the creation of the informant protection program. Mr. Thomas has been a representative in cases such as the where the first employee of a public company was rewarded by the SEC, and he also represented a whistleblower who had been harassed by an employer after offering information to the SEC.
The Securities and Exchange Commission has fortified employees or any other individual who has useful information on the illegal activities of any company to report at its offices. This is by offering a monetary reward to its whistleblowers and also assuring them of job security. The Congress has ensured that there is always sufficient money to give to the whistleblowers by creating the Investor Protection Fund, which currently has over $400 million.
Labaton Sucharow law company was started 50 years ago, and the main clients that it has been serving are consumers who are caught up in complex securities litigations, enterprises, and institutional investors. It currently has the best whistleblower representations practice that is facilitated by a financial analyst, forensic analysts and an in-house team of investigators. The company is has been recognized by the Benchmark Litigation, The Legal 500, and Chambers and Partners for offering the best plaintiff representation.