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“SEC Responds to Whistleblower Who Challenged Agency Delay.”

Erika Kelton in The National Law Journal, 2/9/16.

“It’s difficult to know, of course, because we’re not privy to what prompted the SEC to act, or whether they were going to issue their preliminary determination of the award on this timetable anyway, said Erika Kelton, a Phillips & Cohen partner who represented the foreign tipster who received $30 million-the largest whistleblower award in the program’s history. “But it does appear that they acted in a manner that would moot this writ, and that is what happened.”

Kelton said the petition that Maccoby filed could have the effect of pushing the SEC to pick up the pace in its reviews of award applications.

“SEC Responds to Whistleblower Who Challenged Agency Delay.”

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