Labaton Sucharow: A Successful Litigating Team for Whistleblowers

Congress enacted the Dodd-Frank Wall Street Reform and Consumer Protection Act in 2010, which was a large overhaul of the United States’ financial regulation. The Dodd-Frank Act created a whistleblower program that urges employees through incentives and protections to report to the SEC any possible violations of the federal securities laws. Labaton Sucharow was the first law firm to respond to this legislation, by establishing a practice that only focused on the protection and advocacy of SEC whistleblowers.

Labaton Sucharow’s practice uses a top of the line team of investigators, forensic accountants, financial analysts, and law enforcement officials to represent whistleblowers. Through this program, the SEC is required to pay qualified whistleblowers up to 30% of the financial sanctions exceeding $1 million. The Dodd-Frank Act also stops any retaliation by employers against whistleblowers. Whistleblowers may report anonymously, if they are represented by an attorney.

Labaton Sucharow has recently announced that the SEC has awarded over $17 million to a whistleblower for reporting significant crime in the financial services industry.

This is the second largest award to date from the program. Labaton Sucharow’s client provided precise information, leading to penalties against a large player in the market. In this case, the whistleblower chose to remain anonymous and work directly through an attorney, in order to avoid retaliation.

To ensure that there are enough funds available to pay for whistleblower awards, Congress has created a replenishing Investor Protection Fund, which currently holds over $400 million.

For over 50 years, Labaton Sucharow has been a successful and well known law firm that comprehensively represents consumers, businesses, and institutional investors in convoluted securities and business law.

The firm prosecutes new securities class actions, which leads to the recovery of billions of dollars on the behalf of investors who have been defrauded. Labaton Sucharow represents some of the biggest institutional investors around the world with collective assets of over $2 trillion under management.

Labaton Sucharow’s employs over 60 full time lawyers, and their law professionals are strengthened by an in-house team of other professionals with extensive experience litigating in the areas of shareholder rights, antitrust, corporate governance, and consumer protection law, in addition to whistleblower representation.

The excellence of our services is attested by our longstanding relationships with our institutional investor and business clients. These clients trust us because we have shown time and time again that we get results.

Jump to top

One comment on “Labaton Sucharow: A Successful Litigating Team for Whistleblowers

Comments are closed.