Whistleblower News from the Inside - June 17, 2014

By the C|C Whistleblower Lawyer Team

SEC brings first whistleblower retaliation action —  Paradigm Capital and its owner agreed to pay $2.2M for engaging in prohibited transactions and then sought  retribution against the employee who reported the illicit trading activity.  Compliance Week

New study shows insider trading runs rampant — According to the detailed study by professors from NYU and McGill Universities, which examined hundreds of transactions over the past 15 years, a quarter of all public company deals may involve some kind of insider trading.  NYT

Missouri ballot on NSA surveillance – Inspired by Snowden, two republican senators added a ballot to the August 5 primary that will allow Missourians to vote on whether the government shall be allowed to access their electronic communications without a search warrant.  Riverfront Times

GM recalls millions more vehicles over ignition defects – The recall of over 3 million cars is related to the problems that spurred the massive recall  earlier this year for ignition defects long-known by GM and linked to at least 13 deaths.  Denver Post

Food fraud at Wal-mart? – After recent food fraud scandals involving donkey meat and hazardous chemicals in sesame oil, Wal-Mart vows to triple food safety spending in China to avoid another disaster.  Washington Post

Georgia governor wants to limit state whistleblower law – Governor Nathan Deal has called on state lawmakers to limit who qualifies as a whistleblower under the state’s law.  NPR Radio, Atlanta

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