A payday of seventeen million dollars is typically something that many people would associate with something along the lines of winning the lottery, but a payday just under twenty million dollars was paid out to a whistleblower. A lot of shade was cast at whistleblowers in the past, based on the fact that there was not a lot of protection in terms of blowing the whistle on corruption. The Securities Exchange Commission has come in and changed things up, creating protections that help whistleblowers to safely come forward. No longer are businesses allowed to run amok, harass and threaten employs that become whistleblowers, based on the Dodd-Frank Wall Street Reform and Consumer Protection Act, which was put in place in 2010. The big problem with whistleblowers in the past was the fact that if someone found something that was corrupt, they had a big decision on their hands. This means that most people put their entire financial future on the line, often times creating a moral battle in their own minds, deciding whether it was more important to tell the truth, or to keep their lives stable. Learn more: http://www.prnewswire.com/news-releases/second-largest-sec-whistleblower-award-granted-to-labaton-sucharow-client-300282555.html
The seventeen million dollar payout, which was a result of sanctions that were levied against a business, caused by a whistleblower coming forward, is indicative of the fact that things have changed so dramatically. Law offices that specialize in SEC whistleblower cases, such as Labaton Sucharow, who represented the client that got this large payout, provide the perfect opportunity for a whistleblower to get the payday that they deserve. There is no question that it is a difficult decision to come forward, as whistleblowers are really putting their necks on the line. However, hiring an SEC whistleblower lawyer is by far the best way to go and likely is going to put a whistleblower in the best place possible. Another great reason for hiring one of these lawyers is the fact that anyone can approach one of these types of law offices and bring forth their case. If a law office that deals with these cases routinely wants to take the case, there is a very good chance that they see an eventual payout, leaving the whistleblower with protection throughout the process and probably a nice payout in the end.