The Dodd-Frank Wall Street Reform and Consumer Protection Act ("Dodd-Frank Act") creates a new whistleblower program with potentially lucrative cash rewards for whistleblowers that voluntarily provide evidence of securities law violations to the U.S. Securities and Exchange Commission ("SEC"). This new bounty reward program encompasses all securities law violations, including disclosures within the Foreign Corrupt Practices Act ("FCPA").
Under Section 922 of the Dodd-Frank Act, whistleblowers who provide "original information," which leads to successful enforcement of a judicial or administrative action resulting in monetary sanctions exceeding $1,000,000, shall be rewarded between 10 and 30 percent of any money recovered by the government because of the whistleblowers' assistance.
Dodd-Frank implements certain measures to protect whistleblowers against employer backlash because of their cooperation with the SEC. Under the Dodd-Frank Act, a prevailing whistleblower in an unlawful discharge or discrimination action is entitled to twice the amount of back pay with interest, among other remedies such as reinstatement with the same seniority status, and compensation for litigation costs, including expert and reasonable attorneys' fees.
Texas Dodd-Frank Whistleblower Lawyers
Dodd-Frank whistleblower's cooperation with the SEC is completely confidential to protect the whistleblower so that the government may conduct its own investigation without the defendant knowing about it. These cases may take years and even decades to resolve. Thus, it is critical to engage experienced counsel who has worked closely with government.
Lawyers Who Have Successfully Handled High-Profile Cases
Our lawyers have represented some of the most high-profile whistleblower cases in Texas and the nation in recent years, including Sherron Watkins, the whistleblower who first brought to light corporate malfeasance at Enron.
Contact a Houston Lawyer for Assistance With a Dodd-Frank Whistleblower Claim
Reporting fraud should be rewarding, not punitive. As a whistleblower, you have rights. Rights that we will protect with dedication and diligence. For more information or to schedule an appointment with an experienced lawyer regarding a Dodd-Frank whistleblower case, please contact us.
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