Phillips & Cohen partner Erika Kelton underscores the significance of the CFTC’s latest whistleblower award in Financial Times‘ coverage of the $200 million award.
The Commodity Futures Trading Commission has awarded almost $200m to a former Deutsche Bank employee who raised concerns about the manipulation of the Libor interest rate benchmark, marking the largest-ever payment under US whistleblower programmes.
“It’s historic,” said Erika Kelton, a whistleblower lawyer at Phillips & Cohen. “I don’t know of any other award in any of the US whistleblower programmes that is as large as this.”
Read the entire article, “Deutsche Bank whistleblower paid $200m in record reward,” on Financial Times’ website.