The order could be a signpost for rulings in several similar shareholder derivative suits filed in the last year seeking court orders compelling companies such as Oracle, Qualcomm and Cisco to diversify their leadership and board structures.
With the latest award, the SEC topped its previous record: a $39 million bounty issued in 2018.
"The spin is just remarkable," Sean McKessy, former SEC whistleblower chief, said. “Overall, this is a net-negative for whistleblowers."
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