Whistleblowers


GeneralElectric

GE rails against new whistleblower allegations of fraud

2019-08-16T18:26:00+01:00By

GE picks apart new whistleblower allegations of $38 billion accounting fraud. “Market manipulation—pure and simple,” says Chairman and CEO Larry Culp.

Whistle

House considers creating PCAOB whistleblower program

2019-08-02T19:23:00+01:00By

The House is considering a bill that would give the PCAOB a whistleblower system under Sarbanes-Oxley like the one operated by the SEC.

Cisco

Cisco’s $8.6M settlement for security flaws has broader ramifications

2019-08-02T17:15:00+01:00By

Cisco has reached an $8.6 million settlement for knowingly selling video surveillance software with critical security vulnerabilities. It’s believed to be the first cyber-security whistleblower case of its kind successfully litigated under the False Claims Act.

Global

Overseas whistleblowers continue to fuel SEC program

2019-07-25T17:15:00+01:00By

Foreign national whistleblowers play a strong role in the SEC’s whistleblower program, highlighted by the most recent award of $500,000 to an overseas informant. This latest payout appears to mark at least the 13th time the SEC has awarded an overseas whistleblower.

pills

Novartis sets aside $700M in kickback case

2019-07-19T15:19:00+01:00By

Swiss pharmaceutical drug maker Novartis announced it has set aside $700 million for a potential settlement in a long-running lawsuit over allegations that the company paid hundreds of millions of dollars in kickbacks to doctors to induce them into prescribing drugs to patients to boost their sales.

Whistleblower

CFTC issues joint $2M whistleblower award

2019-07-02T14:12:00+01:00By

The Commodity Futures Trading Commission announced on July 1 an award of $2 million to two “model whistleblowers” who provided the agency with “significant information” that prompted the CFTC to open an investigation.

CFTC

CFTC issues reduced whistleblower award of $2.5M

2019-06-25T16:58:00+01:00By

The Commodity Futures Trading Commission has awarded a whistleblower $2.5 million for assisting it in an investigation, but the award could have been larger if the report was made sooner, the CFTC said.

WhistleblowerReward

SEC awards whistleblower $4.5M in landmark case

2019-05-28T18:41:00+01:00By

For the first time ever, the Securities and Exchange Commission has awarded a whistleblower whose internal reporting led to a successful SEC case and related action.

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Insights on whistleblowers and internal reporting

2019-05-24T14:51:00+01:00Provided by

Doing the right thing in the face of adversity isn’t always easy, but there’s no question whistleblowing is the ethical choice, whether it be via internal channels or straight to the Securities and Exchange Commission.

DOJSeal

Informatica to pay $21.57M in False Claims Act case

2019-05-14T17:52:00+01:00By

The Department of Justice says Informatica will pay over $21 million stemming from a False Claims Act investigation.

Pearlman-Steven

Steven Pearlman: The whistleblower’s ally

2019-05-07T12:56:00+01:00By

When it comes to tackling whistleblower cases, Steven Pearlman has the skills, expertise, and legal acumen “in spades.”

columnist icons

Guarding the gatekeeper

2019-04-02T15:19:00+01:00By

Gatekeepers who have firsthand knowledge of corporate wrongdoing should be entitled to the same legal protections afforded to any other whistleblower.

Whistleblower

SEC awards $50M to two whistleblowers

2019-03-26T20:57:00+00:00By

The Securities and Exchange Commission announced awards totaling $50 million to two whistleblowers whose high-quality information assisted the agency in bringing a successful enforcement action.

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Avenatti arrest fallout: don’t confuse whistleblowing with extortion

2019-03-25T21:56:00+00:00By

A high-profile arrest of Michael Avenatti for an extortion scheme against Nike raises difficult questions of corporate responsibility regarding whistleblower initiatives.

Whistle

EU whistleblower protections closer to fruition

2019-03-13T20:27:00+00:00By

As EU whistleblower protections inch closer, Neil Hodge provides an in-depth look at exactly what they will cover.

selfreportcooperation

CFTC issues enforcement advisory on self-reporting and cooperation

2019-03-11T14:33:00+00:00By

The Commodity Futures Trading Commission Division of Enforcement has issued an enforcement advisory that provides clarity concerning the benefits of self-reporting and cooperation related to violations of the Commodity Exchange Act involving foreign corrupt practices.

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Waters urges CFPB employees to be whistleblowers

2019-02-25T13:00:00+00:00By

Rep. Maxine Waters, chair of the House Financial Services Committee, has written an open letter to CFPB employees urging them to be proud of their work and use a whistleblower hotline to report anything undermining those efforts.