June 23, 2020
Supreme Court’s ‘Liu v SEC’ decision is important for whistleblowers
The Supreme Court’s ruling in Liu v SEC, issued this week, is a significant win for the Securities and Exchange Commission’s whistleblower program. The court affirmed the SEC’s ability to order disgorgements...
June 19, 2020
“More cases likely as U.S. CFTC Trafigura investigation shows commitment to fight corruption in commodities markets”
Speaking with Thomson Reuters Regulatory Intelligence, Phillips & Cohen partner Erika Kelton underscores the value of whistleblowers in an article about the CFTC’s investigation into alleged...
Posted In Phillips & Cohen In The Media
June 17, 2020
“COVID-19 Revenue Hit May Bode Well For Calif. FCA Tax Law”
A covid-19-induced tax revenue shortfall in California may boost efforts to expand the state’s False Claims Act provisions to include tax fraud matters. Phillips & Cohen partner Claire Sylvia...
Posted In Phillips & Cohen In The Media
June 10, 2020
Largest SEC whistleblower award made for $50 million; Total rewards exceed $500 million
The Securities and Exchange Commission whistleblower program set a record last week when the SEC awarded a former banking insider nearly $50 million, which is the largest SEC whistleblower award made to...
June 03, 2020
DOJ joins whistleblower case alleging AECOM led FEMA fraud scheme for Katrina funds
Xavier University of Louisiana settles its liability in FEMA fraud case for $12M NEW ORLEANS, LOUISIANA, June 3, 2020 – The US Department of Justice today joined a newly unsealed whistleblower lawsuit...
Posted In Phillips & Cohen News
June 01, 2020
“Wave of Whistleblower Suits Predicted Over Virus Relief Aid”
BloombergLaw speaks to Phillips & Cohen partner Erika Kelton about an anticipated increase in whistleblower reports related to CARES Act relief efforts. One whistleblower attorney, Erika Kelton, a...
Posted In Phillips & Cohen In The Media
May 27, 2020
UK whistleblower reports to FCA increased in 2019
Whistleblower reports of misconduct by financial companies in the United Kingdom increased slightly in the past year, according to new data. Kroll, an investigations and management firm, obtained data...
Posted In Whistleblower Law Insights
May 26, 2020
“Armed with whistleblower tips, U.S. SEC cracks down on coronavirus misconduct”
As whistleblowers report more covid-19-related securities fraud schemes, Phillips & Cohen partner and whistleblower attorney Sean McKessy shares his unique perspective as a former SEC official with...
Posted In Phillips & Cohen In The Media
May 08, 2020
Whistleblower protection important to stop bribery and corruption in pandemic response, OECD says
Whistleblowers should be protected for playing a vital role in exposing bribery that threatens the international response to the coronavirus pandemic, says the Organization for Economic Cooperation and...
Posted In Whistleblower Law Insights
May 05, 2020
SEC tackles Covid-19 securities fraud
As quickly as Covid-19-related investment scams are popping up, the US Securities and Exchange Commission is trying to stop them. Whistleblowers can play an important role working with the SEC to stop...