Reform Could Increase Payouts to Whistleblowers

September 7, 2018

 

New financial reform legislation before Congress would allow an increase in multi-million dollar awards to whistleblowers. Ideally, this would create an environment where companies are pressured to report misconduct earlier and where whistleblowers will see the reward in bringing fraudulent activities to light.

Under the new law, the Securities and Exchange Commission would be required to award whistleblowers 30 percent of the total retribution or settlement gained from the prosecution of the fraudulent company.

The False Claims Act had similar goals, although without the minimum reward requirement that would offer whisteblowers and lucrative and tangible incentive to report their company’s wrongdoings. Many experts agree that this type of incentive would go a long way toward convincing wary potential-whistleblowers who are afraid of losing their jobs or facing similar retaliation from the company they report. With significant financial incentive, blowing the whistle on misconduct gets a little easier.

Learn how the qui tam attorneys at Berg & Androphy have recovered hundreds of millions for the government and whistleblowers. Contact us confidentially when you are ready to discuss your potential case with us.

Law Offices of David Berg Logo

The Law Offices of David Berg tries big cases. Over the years, David Berg, as both plaintiff and defense counsel, has represented Westinghouse, CBS, Samsung, Robert Bass’ Acadia Partners, L.P., Deutsche Bank, Credit Suisse, and other major companies. These cases range from a dispute over nuclear steam generators to a billion dollar patent infringement case to complex securities class actions.

Contact Us

708 Main, 10th floor
Houston, Texas, 77002

(713) 529-5622

general@bafirm.com

Attorney Advertising. Results obtained depend on the facts of each case. Prior results do not guarantee a similar outcome. Copyright 2015-2025, Law Offices of David Berg, All Rights Reserved.