Whistleblowing: Bradley Birkenfeld's $104 m Award & Other Developments
This session will look at the latest developments in whistleblower programs operated by the SEC, CFTC and the IRS.
Among the issues that will be addressed:
- How many cases have been filed? How many of these cases have come from overseas employees? How many are offshore-related? How many awards have been made? What is the biggest? What is the average? How are awards calculated? How long does it take to be paid?
- Whistleblowers with dirty hands. Will agencies accept anyone, regardless of their role?
- What is the law regarding the use of 'stolen data' as evidence?
- How much funding is being made available to regulatory agencies and law enforcement for Whistleblowing programs?
- Are regulators and law enforcement making foreign transactions a priority? What evidence exists to support this?
- Whistleblower-Attorney Relationship: How many cases are law firms receiving? How many do they reject? Do attorneys typically work on a contingency fee? How much do attorneys typically make from whistleblower cases? How much did Birkenfeld's attorneys make? What is the threshold for accepting cases?
- Is whistleblower legislation having any noticeable effects on international finance?
- Protections for whistleblowers, e.g. Anti -Retaliation Protections. What are risks to whistleblowers if their approach is rejected?
R. Scott Oswald
Managing Principal, Employment Law Group (Washington, D.C.)