DOJ Investigating Unaoil Bribery under FCPA
Two companies have now disclosed receiving inquiries from the U.S. Department of Justice concerning Monaco-based engineering company Unaoil S.A.M. Media reports published by The Huffington
Federal Trade Secret Reform Helps Whistleblowers
From time to time, companies accuse whistleblowers of disclosing trade secrets in violation of a confidentiality agreement. In False Claims Act cases, these counterclaims have
SEC Opens Comments on Market Manipulation Database
For years, the Securities and Exchange Commission has been discussing building a database of information about stock and options trading activity. The Consolidated Audit Trail
Co-Relator Sharing Agreements in Cases of Multiple Relators
A recent Illinois Appeals Court tackled the appropriateness of an agreement to share the proceeds of a qui tam lawsuit between a whistleblower and a
Spoofing Whistleblower Emerges in Oystacher Lawsuit
A trader at a market making firm and his colleague filed a tip with the CFTC whistleblower program about suspected illegal spoofing by Igor Oystacher after discovering
The Largest Auto Fines in U.S. History
Motor vehicle crashes are a leading cause of death in the United States. Although manufacturers have made significant strides in decreasing the number of fatalities
International Whistleblower Protections Growing But Still Fall Short
Whistleblower protection is gaining traction in many nations but “much remains to be done” according to an OECD report published last month titled “Committing to
IRS Whistleblowers to Get Help in Taxpayer Protection Act
The Senate Finance Committee approved the Taxpayer Protection Act of 2016 this week, which reforms the Internal Revenue Service’s communications with whistleblowers as well as
Auto Whistleblower Law Created by FAST Act
Coverage of the Fixing America’s Surface Transportation (FAST) Act this week alerted us to the fact that the legislation, signed by President Obama at the
SEC and CFTC Push Congress for More Funding
The annual battle over the funding of securities and derivatives regulators by Congress took a step forward today as a Senate panel heard from the
Wells Fargo, Goldman Sachs Settle Mortgage Lawsuits
It has been quite a few months since we have heard anything big about the continuing pursuit of mortgage fraud lawsuits. However, that silence changed
SEC Awards $275,000 to Whistleblower Amid Monetary Offset
The SEC issued an order for an award of more than $275,000 to a whistleblower this week although it hasn’t yet announced the decision publicly
FCPA News: DOJ Creates Pilot Program and SEC Fines Casino over Macau
There has been a couple news items related to the Foreign Corrupt Practices Act this week, with the Justice Department announcing a one year pilot
Third CFTC Whistleblower Award Tops $10 Million
The U.S. Commodity Futures Trading Commission today announced its third whistleblower award and the largest to date. The CFTC whistleblower will receive more than $10
Three Young Law Group Lawsuits Can Proceed to Discovery
We are pleased to share with you the news from February and March that Young Law Group secured landmark decisions in two large health care
Novartis, KBR at Center of New FCPA Allegations
We’ve seen two big stories concerning the Foreign Corrupt Practices Act (FCPA) come to light in the news media over the past few days. A
GAO Report on IRS Whistleblower Complaints Demonstrates Need for Consolidation
IRS Whistleblower Complaints in 2015 The Internal Revenue Service received 87,000 information referrals in Fiscal Year 2015 from the public submitting Form 3949-A to report
Recent Studies on Whistleblower Retaliation
Retaliation against whistleblowers by their employer is a problem that touches us very personally as whistleblower attorneys. We see the impact first hand through the