Call us at 347.746.1222    1140 Avenue of the Americas | 9th Floor | New York, NY | 10036

Monthly Archives: August 2016

SEC Whistleblower Program Exceeds $100 Million in Awards Granted

The SEC announced yesterday that to date it has given out over $100 million in awards to SEC whistleblowers under its whistleblower award program. This milestone comes just six years after the Dodd-Frank Act created the SEC Whistleblower Award Program, and just five years after the SEC implemented its formal procedures for its whistleblower program. [...]

August 31st, 2016|Uncategorized|

SEC Punishes 2nd Company in under a Week for Forcing Employees to Waive their Rights to SEC Whistleblower Awards

Yesterday, the SEC imposed sanctions on Health Net, Inc., for inserting terms into its severance agreements requiring departing employees to waive their rights to receive SEC whistleblower awards. From 2011 - 2013, Health Net made approximately 600 departing employees sign severance agreements that required them to waive “the right to file an application for award [...]

August 17th, 2016|Uncategorized|

Company Sanctioned for Requiring Employees to Waive their Rights to Receive SEC Whistleblower Awards

Earlier today, the SEC imposed sanctions against a public company for imposing restrictions in its severance agreements that impeded its former employees from reporting potential securities violations to the SEC and forced them to waive their rights to receive SEC whistleblower awards. The current Acting Chief of the SEC’s Office of the Whistleblower unambiguously declared:  [...]

August 10th, 2016|Uncategorized|