Whistleblower
Whistleblower Actions Under the Dodd-Frank Act
The Dodd-Frank Wall Street Reform and Consumer Protection Act (“Dodd-Frank Act”) was signed into law in July 2010. The Dodd-Frank Act established new important incentives and protections for whistleblowers who provide information to the SEC regarding violations of securities laws.
Robbins Geller Rudman & Dowd LLP Is a Go-to Firm for Whistleblowers
As a preeminent law firm specializing in class action litigation against corporations for violations of the securities laws, Robbins Geller Rudman & Dowd LLP is experienced in representing corporate whistleblowers and just as importantly, is experienced in dealing with confidential witnesses on a daily basis. Our firm’s list of seasoned litigators includes many former Assistant United States Attorneys with decades of experience dealing with confidential witnesses and sensitive investigations. In addition, Robbins Geller Rudman & Dowd LLP has a world-class staff of certified fraud examiners, forensic accountants, economists and investigators who can provide assistance to corporate whistleblowers in evaluating whether a financial or other type of fraud has occurred.
Whistleblower Rewards
Under the Dodd-Frank Act, a person who voluntarily provides the SEC with original information that leads to a successful judicial or administrative enforcement action yielding monetary remedies of over $1 million must be awarded between 10%-30% of the total monetary remedies assessed by the SEC. A number of factors are considered in determining the total amount of the reward, including the degree of assistance the whistleblower provides.
Whistleblower Protection
The Dodd-Frank Act also strongly protects whistleblowers. It mandates that a whistleblower who reports fraud shall remain anonymous unless a court or administrative body orders otherwise. It also prohibits employers from retaliating against whistleblowers. Whistleblowers who suffer retaliation can sue for reinstatement, two-times back pay and litigation expenses.
What Should I Do If I Become Aware of a Fraud or Some Other SEC Violation?
Robbins Geller Rudman & Dowd LLP believes that passage of these provisions of the Dodd-Frank Act is a positive development for investors and encourages anyone aware of potential fraudulent conduct to contact our firm. For a free confidential consultation regarding a possible whistleblower action, please contact Robbins Geller Rudman & Dowd LLP lawyer Jonah H. Goldstein by e-mail at Jonahg@rgrdlaw.com or call 800-449-4900.
To view our Whistleblower FAQs, click here.
Materials on this website are provided for informational purposes only and do not constitute legal advice, do not necessarily reflect the opinions of Robbins Geller Rudman & Dowd LLP or any of its attorneys or clients and are not guaranteed to be complete, correct or up-to-date. This website is not intended to create an attorney-client relationship between you and Robbins Geller Rudman & Dowd LLP, and the submission or receipt of information to the Firm or one of its attorneys via e-mail or telephone does not create an attorney-client relationship. Please do not send confidential or sensitive information and/or documents to anyone at the Firm until a formal attorney-client relationship has been established.
