Landmark Lawsuit Filed Against SEC to Protect Future Whistleblowers

News & Insights

Thought leadership isn't something that we periodically do, it's a fundamental part of our organizational DNA. We have always felt it was our duty to speak out against corporate wrongdoing and to speak up for whistleblowers. So when it comes to the SEC Whistleblower Program, we write, speak, tweet, post, moderate and educate more than any other firm in the world.

January 13, 2021
The SEC Undermined a Powerful Weapon Against White-Collar Crime
In a profile piece published in Propublica, Whistleblower Practice Chair Jordan A. Thomas talks about his role in developing the SEC Whistleblower Program, the negative impact that the Commission’s new rules will have on whistleblowers and his decision to file a lawsuit to reverse this controversial rulemaking on behalf of his clients. The story features...
In The News
January 13, 2021
Whistleblower Lawyer Sues the SEC Over Bounty Program Rule Changes
The Wall Street Journal
In an article published in The Wall Street Journal, Whistleblower Practice Chair Jordan A. Thomas’ role in the development of the SEC Whistleblower Program, his high profile cases and what led him to file a lawsuit against the SEC are discussed. The article notes that the SEC Whistleblower Program offers eligible whistleblowers awards between 10...
In The News
January 13, 2021
Lawyer Sues SEC Over New Whistleblower Rules
In an article published in ThinkAdvisor, Whistleblower Practice Chair Jordan A. Thomas’ role as a “principal architect of the SEC Whistleblower Program,” the origin of his lawsuit against the SEC on behalf of his clients, and the impact of the disputed rule changes on the next Chairman of the SEC are discussed. Under the Dodd-Frank...
In The News
January 13, 2021
Top Whistleblower Attorney Sues SEC Over New Rules
In an article published in Law360, Whistleblower Practice Chair Jordan A. Thomas’ legal concerns about the new program rules, the rules impact on his whistleblower clients and the lawsuit that he filed on their behalf are discussed. The article outlines the key pillars of the SEC Whistleblower Program and how the rules have changed over...
In The News
2020 SEC Division of Enforcement Annual Report
Reports & Surveys
September 14, 2020
An Anonymous Whistleblower Speaks
In our work representing whistleblowers, we see that one of the greatest challenges they face is forced silence. Due to the reasonable fear of retaliation and, in many cases, industry-wide blacklisting, whistleblowers cannot safely come forward. Even through anonymous reporting to the SEC, individuals rarely have the opportunity to speak their truth, articulating the reasons...
September 1, 2020
SEC Awards Outside Analysts, Labaton Sucharow Clients, $2.5 Million Whistleblower Bounty
Wall Street Analysts Report Fraud, Win Multi-Million Dollar SEC Award Labaton Sucharow’s Whistleblower Clients Credit Ability to Report Anonymously FOR IMMEDIATE RELEASE – New York, NY – September 1, 2020 — The Securities and Exchange Commission today announced that it awarded two financial analysts more than $2.5 million for reporting misconduct at Orthofix International N.V. ...
In The News
September 1, 2020
Messrs. Jones and Smith Go to the SEC: How Anonymity Protections Led Two Outside Analysts to Report Fraud
On September 1, 2020, two clients of Labaton Sucharow were awarded $2.5 million for reporting misconduct at Orthofix International N.V. The case is an important one for a number of reasons. First, it challenges the common–and dangerous–myth that a whistleblower is a disgruntled and vindictive employee. Here, the whistleblowers were outsiders with no connection whatsoever...
Articles & Perspectives
August 25, 2020
Jordan Thomas Named Leading Plaintiff Financial Lawyer
Underscoring his expertise representing whistleblowers who report securities violations to the SEC, Jordan Thomas was selected by Lawdragon as one of the Leading Plaintiff Financial Lawyers in the United States. Lawdragon, a media company that focuses exclusively on the legal industry, recognized the best and brightest attorneys who counsel plaintiffs in securities and other business litigation,...
In The News
May 18, 2020
Who is an SEC Whistleblower?
To have a better understanding of the background of a whistleblower, select which statement is true? An SEC whistleblower can have no direct relation to the company at issue. An SEC whistleblower can be a C-suite executive. An SEC whistleblower can live in China. An SEC whistleblower can report the tip anonymously. An SEC whistleblower...
Articles & Perspectives
Surveys & Resources
Survey: Professional Ethics Weak on Wall Street WNYC Radio Jordan A. Thomas discusses the findings of a new survey which he says demonstrates that mistrust of the finance industry goes well beyond Main Street. Labaton Sucharow Surveys Wall Street: A Perfect Storm Looming In our second annual survey of the U.S. financial services industry, we...
Reports & Surveys
May 8, 2020
Pump & Dump Schemes Examples to Write Home About
In a pump and dump scheme, perpetrators attempt to boost or “pump” the price of a stock they own (typically of small, so-called “microcap” companies) by spreading false, misleading or exaggerated statements to the market. The perpetrators then sell off or “dump” their positions after the false information raises the share price. The price typically...
Articles & Perspectives
March 19, 2018
Labaton Sucharow Whistleblowers Earn Largest SEC Whistleblower Awards in History
New York, NY (March 19, 2018) – The Securities and Exchange Commission today announced that it will award a group of whistleblowers more than $83 million, the largest awards announced since the SEC Whistleblower Program was established seven years ago. Represented by Labaton Sucharow, the whistleblowers’ tips led to a landmark enforcement action that resulted in Merrill Lynch...
In The News
March 20, 2018
Once an SEC Regulator, Now Thriving as a Lawyer for Whistleblowers
The New York Times
In a profile piece published in The New York Times, Whistleblower Practice Chair Jordan A. Thomas talks about his decision to travel “the road not taken,” and how it has benefited those in difficult professional positions. After dealing with a traumatic upbringing and seeking emancipation from his parents at the age of 15, Thomas went...
In The News
July 29, 2019
2019 Half-Time Report
The SEC Whistleblower Program: Where Wall Street Answers to Main Street
We are pleased to bring our clients and friends a midyear report to highlight key awards, trends and issues of import in the SEC whistleblower arena. It’s an exciting time for whistleblowers, and, by extension, investors at large. Since the program’s roll-out, the Commission has received nearly 30,000 tips from 119 countries. Most remarkable, as...
Articles & Perspectives
May 30, 2019
NPR Features Jordan Thomas on Planet Money Podcast, “The Whistleblower Whisperer”
NPR Planet Money
Leading SEC whistleblower attorney Jordan Thomas was featured on NPR’s Planet Money podcast.  In the episode “The Whistleblower Whisperer,” Jordan tells Planet Money co-host Jacob Goldstein about his work representing whistleblowers who provided evidence to the SEC that led to landmark enforcement actions against Wall Street’s biggest banks, including Merrill Lynch and JP Morgan.  Jordan also...
In The News
October 5, 2018
Jordan A. Thomas Named Whistleblower “Lawyer of the Year”
Press Release
New York, NY – October 5, 2018 – Labaton Sucharow LLP is pleased to announce that its leading SEC whistleblower attorney Jordan A. Thomas, a principal architect of the SEC Whistleblower Program who established the nation’s first law practice exclusively focused on SEC whistleblowers, has been named a 2018 “Lawyer of the Year” by the Taxpayers...
In The News
Named one of the top whistleblower practices/attorneys in the country by The New York Times, Wall Street Journal and NPR
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