Whistleblower Eligibility
This archive displays posts tagged as relevant to whistleblower eligibility. You may also be interested in our pages:
DOJ Catch Of The Week -- Ameri-Source
Posted 02/26/16
By the C|C Whistleblower Lawyer Team
This week's Department of Justice "Catch of the Week" goes to the Pennsylvania-based Ameri-Source importer companies -- Ameri-Source International Inc., Ameri-Source Specialty Products Inc., Ameri-Source Holdings Inc. -- their owners, Ajay Goel and Thomas Diener, and the related importer, SMC Machining LLC, incorporated at Goel’s direction and formerly owned by his wife. On...
January 15, 2016
The SEC awards more than $700,000 to a whistleblower described as a “company outsider.” The SEC says that the whistleblower provided a “detailed analysis” of the wrongdoing that lead to a successful SEC enforcement action. SECApril 22, 2015
The SEC announced a whistleblower award of roughly $1.5 million to a compliance officer who had a reasonable basis to believe that disclosure to the SEC was necessary to prevent imminent misconduct from causing substantial financial harm to the company or investors. This is the second award the SEC has made to an employee with internal audit or compliance responsibilities. Whistleblower InsiderAugust 29, 2014
The SEC announced a whistleblower award of more than $300,000 to a company employee who performed audit and compliance functions and reported wrongdoing to the SEC after the company failed to take action when the employee reported it internally. It is the first award for a whistleblower with an audit or compliance function at a company. This particular whistleblower award recipient reported concerns of wrongdoing to appropriate personnel within the company, including a supervisor. But when the company took no action on the information within 120 days, the whistleblower reported the same information to the SEC. SECDecember 21, 2015
Texas-based University Furnishings LP and its general partner, Freedom Furniture Group Inc., agreed to pay $15 million to settle charges they violated the False Claims Act by making false statements to avoid paying duties on wooden bedroom furniture imported from China. According to the government, between 2009 and mid-2012, University Furnishings misclassified wooden bedroom furniture on documents presented to U.S. Customs and Border Protection (CBP) to avoid paying antidumping duties on imports of wooden bedroom furniture manufactured in China. The companies allegedly classified the furniture as office and other types of furniture not subject to duties while selling the furniture in the student housing market for use in dormitory bedrooms. The allegations originated in a whistleblower lawsuit brought by University Loft Company under the qui tam provisions of the False Claims Act. University Loft will receive a whistleblower award of $2.25 million from the proceeds of the government’s recovery. DOJSEC’s 23rd Whistleblower Award Goes to a “Company Outsider”
Posted 01/20/16
On Friday, January 15th, the SEC made an award of more than $700,000 to a whistleblower the agency described as a “company outsider who conducted a detailed analysis that led to a successful SEC enforcement action.”
The SEC’s whistleblower program explicitly provides for financial rewards to company outsiders by allowing “independent analysis” — even when based on publicly available information — to...
SEC Awards Compliance Officer Whistleblower Over A Million Dollars
Posted 04/23/15
By the C|C Whistleblower Lawyer Team
The SEC announced an award of more than a million dollars to a compliance officer who had a reasonable basis to believe that disclosure to the SEC was necessary to prevent imminent misconduct from causing substantial financial harm to the company or investors. This is the second award the SEC has made to an employee with internal audit or compliance responsibilities, after the...
DC Circuit In KBR Whistleblower Case Tightens Attorney-Client Shield for Internal Investigations
Posted 07/3/14
By Gordon Schnell
In a shot heard round the business world, a DC district court judge in March denied attorney-client privilege protection to documents prepared in connection with an internal company investigation. The judge found the privilege did not apply because the investigation was mandated by government regulation and not simply an exercise in company discretion. The DC Circuit last week -- in In re: Kellogg...