There's a reason why securities fraud informants like to stay anonymous. Plaintiffs lawyer Reed Kathrein says retaliation is a real fear for people who want to blow the whistle on fraud without publicly ratting out their bosses. Defense lawyers don't dispute this. But they say anonymity is sometimes used to shield witnesses whose claims don't stand up. The issue is coming to a head in two San Francisco suits in which lawyers have sought sanctions against their opponents.
Securities Lawyers Spar Over Use of Confidential Witnesses
April 12, 2005