The Labaton Sucharow is reputable law company that was formed to offer plaintiff representation about five decades ago. The firm has currently developed itself to provide its services to people who volunteer to give critical intelligence to the Securities and Exchange Commission about organizations that do not follow the federal and state securities laws. The company has structured itself well to file litigations, and this has enabled it to offer unparalleled service to its clients. An informant who had hired the services of the company was recently offered a reward of $17 million. This amount was the second largest that any whistleblower has ever been given by the commission.
The SEC used the intelligence that its informant provided to uncover how a frontrunner company in the financial sector was being involved in illegal activities. The Commission only provided a few details about the case to avoid accidental exposure of the identity of its source. It also advises the whistleblowers to hire attorneys for them to maintain their anonymity. Making themselves known to the public will lead to possible blacklisting by the employers. Jordan A. Thomas who has been supervising the legal service that the company offers to its whistleblowers believes that the informant was right to contact the SEC. Mr. Thomas has been in the financial sector for long, and his accomplishments include being on the team that created the protection plan and being the deputy director of the organization.
The SEC has been putting in a lot of effort to make sure that every individual feels comfortable when reporting a case. They do not ask for any consultation fees, and translators are availed to assist foreigners who may have difficulties in speaking and understanding English. The whistleblower protection program also demands that job security should be guaranteed to the informants and a financial motivation, which is approximately a third of the collected sanctions. The Congress passed the Investors Protection Fund, which is devoted to ensuring that the incentives are offered to the whistleblowers in time. $400 has been deposited in the account, and it is regularly replenished.
Labaton Sucharow has specialized in offering legal representation to the whistleblowers. All members of its staff who include attorneys, private detectives, forensic specialists, and financial analysts are committed to ensuring that the clients are given high-quality services. The firm’s customer service has been recognized by various international bodies that deal with legal issues.