Labaton Sucharow is a well-respected law company that has been offering top-notch legal representations to persons who volunteer to inform the SEC about various illegal undertakings that are taking place in the financial sector. The company established its whistleblower representation practice in 2010 after the SEC formed the protections laws for its informants. The rules indicate that the source of the commission should be awarded about 10 to 30 percent of the collected penalties and also assured of job security after offering intelligence on organizations that break the state and federal securities laws. A whistleblower who was represented by Labaton Sucharow Law Company was recently awarded $17 million, which is one of the highest amounts that has ever been offered by the commission as a financial incentive.
The information that was offered by the whistleblower to the SEC assisted in disclosing various illegal transactions that had been done by a top firm in the financial sector. The identity of the source was kept secret by the commission since disclosing it would lead to employee blacklisting. The informant also hid his identity by seeking the services of Labaton Sucharow to represent him to the SEC. Jordan A. Thomas who is one of the top attorneys of the company believes that it was appropriate for the whistleblower to offer intelligence to the SEC. Jordan was the lawyer who represented the first informant from a publicly held company to be awarded by the commission. The sector also recognizes him for being part of the team that drafted and enacted the whistleblower protection program.
The SEC has various incentives that are meant to motivate company employees and the public to offer information on fraudulent companies. It has created an Investor Protection Fund, which ensures that the informants are offered their rewards in time. The account currently holds $400 million and it as regularly topped up. The commission also uses attorney-client privilege in safeguarding the intelligence that is offered by the informant. Translators are given to assist foreigners who cannot speak English.
Labaton Sucharow is 50 years old, and when it was established its main clients were institutional investors, businesses, and consumers who are involved in complex securities litigations. It is currently recognized for its highly competent whistleblower representation practice that comprises of financial analysts, internal investigators, and forensic specialists. The plaintiff representation that is offered by Labaton Sucharow is the best in the industry.