Our clients' tips resulted in landmark enforcement actions against JP Morgan and Merrill Lynch—combined settlements of more than $720 million.
Recognizing the inherent complexity of the federal securities laws, clients take comfort in the fact that Labaton Sucharow has prosecuted high-profile and high-stakes securities fraud for more than 50 years.
On behalf of more than 200 prominent institutional investors around the world, our Firm has taken on a veritable who’s who of Corporate America, recovering billions of dollars and compelling sweeping corporate governance reforms to ensure that the financial markets operate with transparency, fairness, and accountability. In the last six years alone, we have recovered more than $7.5 billion for our clients.
Navigating the securities laws is a cornerstone of our Firm’s practice, and we do so with a spirit of innovation.
Within the whistleblower practice, we are proud to maintain the Firm’s history of “firsts” — namely, representing the first officer of a public company to receive a whistleblower award; the first SEC whistleblower to receive criminal immunity; and the first whistleblower in the first action where a company was charged for retaliation against a truthteller.
The numbers are compelling and our pipeline is auspicious. Of the nearly 20,000 submissions received by the SEC since the program’s inception, one of our clients received the 4th largest award. And, while their whistleblower awards have not been announced yet, our clients are responsible for the landmark actions against JP Morgan and Merrill Lynch. The monetary sanctions in these two settlements alone approach a quarter of a billion dollars and are likely to lead to record-breaking whistleblower awards.
In addition to our standout work on behalf of whistleblowers, we work tirelessly on numerous reform and advocacy efforts. By way of example, in recent
, we spearheaded a prominent coalition of more than 250 organizations to petition the SEC for rulemaking related to retaliation protections
for internal whistleblowers and efforts to combat the rise in secrecy agreements to silence corporate whistleblowers.