Before being awarded more than $3.5 million on Friday, the latest tipster to benefit from the Securities and Exchange Commission’s whistleblower program was rebuffed.
In January, the agency officials denied the whistleblower’s award application on the grounds that the tip did not lead the SEC to initiate an investigation or inquire into different conduct. Rather, the company employee’s information came in the midst of an ongoing investigation — and it initially did not “appear to have significantly contributed to the success” of the enforcement action, according to the final order approving the award.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]