Labaton Sucharow is a pioneer company in the provision of whistleblower representation services. The firm was started in 2010 after the United State Congress approved legislations that led to significant changes in the financial industry such as the formation of the whistleblower protection program. An informant of the Securities and Exchange Commission who was represented by the Labaton Sucharow law company was recently offered $17 million by the organization for providing useful intelligence that helped in revealing wrongdoings in the financial sector. This was one of the largest financial incentives that have ever been offered by the commission to a whistleblower. The SEC whistleblower rules indicate that the source should be given 10 to 30 percent of the money that is collected as penalties due to information that they provided.
The Labaton Sucharow’s client helped the SEC to unearth the fraudulent undertakings of a main company in the industry. The identity of the whistleblower is unknown since he used an attorney to offer the information to the commission. Jordan A. Thomas is the head of Labaton Sucharow’s whistleblower representation practice. He serves the law firm as a senior attorney, and he has sufficient information about securities since he served at the SEC as an assistant director. He was also among the officials who helped in the formation of the law that protect the whistleblowers.
The Securities and Exchange Commission has been implementing various measures to encourage the public to inform it on the fraudulent undertakings of various companies in the financial sector. This includes the offering a financial reward and assuring the whistleblowers that they will not be fired by their employers. The SEC also has the Investor Protection Fund, which has a deposit of about $400 million that is used for awarding the informants.
Labaton Sucharow Law Company has been operational for close to five decades, and the main clients of the firm were enterprises, investors, and consumers who have complex cases that deal with litigations. The staff of the company is well trained, and they include financial auditors, investigators, and forensic accountants who understand the implementation of federal and state laws. The expertise that they offered enables the company to give the best representation. Labaton Sucharow is one of the leading businesses that provide plaintiff representation, and it has been recognized by the Benchmark Litigation, The Legal 500 and Chambers and Partners for the services that it offers to its clients.