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In a recent Law.com article about the growing number of in-house whistleblower retaliation claims, as well as the expansion of whistleblower rights, Firm partner Jordan A. Thomas remarked on the government’s commitment to the Whistleblower Program under a new SEC Chair.
According to the article, the SEC has received almost as many whistleblower claims in the past two years (8,000) as it did in its first five years of the program (10,500).
The Firm, which expanded its securities practice to include SEC whistleblower cases in 2011 and recently brought on three former high-profile enforcement officials, represents “a substantial investment,” said Thomas, who heads the Whistleblower Representation Practice. Thomas, a former assistant director and chief litigation counsel at the SEC, was the architect of the agency’s whistleblower program before he joined Labaton Sucharow. Does he fear that the SEC under a new director and new administration might cut back its investigation of whistleblower complaints? Not at all. Hiring three government veterans “shows our belief in the program and its long-term future,” Thomas says. “We are doubling down.”