Monthly Archives: August 2016
Tips to Ensure SEC Compliance for Private Fund Advisers
When the U.S. Securities and Exchange Commission (SEC) issues a guidance impacting long-standing practices for fund advisers, it’s important that these professionals take action quickly to ensure they are in compliance with all relevant federal laws and regulations. This has become an important issue, as the SEC is now giving out record amounts in rewards […]
Attorney Steve Kardell Offers Input on Ailes Case to Wall Street Journal
Attorney Steve Kardell has been was cited in a recent Wall Street Journal article covering the recent issues at Fox News related to the ouster of Chairman and CEO Roger Ailes. The case has dominated national news this summer. Ailes has been accused of sexual harassment by several women who have worked for the news […]
Whistleblowers Receive Record Awards This Year
The U.S. Securities and Exchange Commission (SEC) has again ramped up the number of awards it gives out for individuals who blow the whistle on corrupt or illegal practices happening within their businesses, organizations or government agencies. It looks as if 2016 will be a record year for the program, as there have already been […]
Whistleblower Controversy Hits San Francisco State University
San Francisco State University recently became the subject of a whistleblower claim after it fired an employee who correctly alerted the university to potential illegal activity and the wrongful storage of hazardous materials inside the science building on campus. The report led to $3.6 million worth of closures and fixes in 2014. A local judge […]
OSHA Rules CSX Transportation Retaliated Against Employee
According to the Occupational Safety and Health Administration (OSHA), CSX Transportation Inc. retaliated against an employee in Selkirk, New York, who reported internal safety concerns to company management. The employee was a union official. He made the report on September 6, 2013, communicating in a letter to a plant superintendent a number of safety hazards […]
New Trade Secrets Law Now Includes Whistleblower Protections
On May 11, President Obama signed the brand-new Defend Trade Secrets Act of 2016 (DTSA). This new legislation establishes a federal trade secrets law and has the added benefit of protecting corporate whistleblowers. With this law, whistleblowers who disclose trade secrets to federal, state or local government officials or to an attorney for the sole […]
M&T Whistleblower Earns Share of $64 Million Fine
M&T Bank must pay $64 million to the federal government to resolve a whistleblower case, and at least $9.6 million of that settlement will go to a former employee from Buffalo who provided key information to investigators. In the initial lawsuit, the employee claimed the bank regularly broke a number of rules for loans insured […]
University of Oregon to Pay Out $1 Million to Police Whistleblower
The University of Oregon settled a lawsuit with a former police officer, agreeing to pay the man $1 million to bring the case to an end. A federal jury found in September that the former police chief at the university, Carolyn McDermed, along with two other university police higher-ups, were guilty of retaliation against officer […]
SEC Announces $3.5 Million Whistleblower Award
The U.S. Securities and Exchange Commission (SEC) recently announced a $3.5 million whistleblower award, the first of three awards handed out within the span of a week. The whistleblower was an employee who provided a unique, helpful tip that gave new life to an ongoing investigation on a company. The additional evidence of wrongdoing provided […]
