K.M. Zouhary
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On September 30, 2013, the last day of the fiscal year, the SEC awarded more than $14 million to a tipster who provided details that led to a substantial recovery of investments in an enforcement action. Though only the third SEC whistleblower award since the bounty program was started, our readers know this award confirms … Continue Reading
A recent Wall Street Journal article (subscription required) quoted Michele Wein Layne, Regional Director of the LA office of the SEC, when she addressed the SEC’s Office of the Whistleblower Bounty Program at the American Bar Association’s annual conference. Ms. Layne responded to why federal securities regulators have made just two whistleblower awards since 2011: … Continue Reading
The Eleventh Circuit joined the Sixth and Eighth Circuits in holding that liquidated damages awards for FLSA retaliation claims are discretionary, not mandatory. Moore v. Appliance Direct, Inc., No. 11-cv-15227 (11th Cir. Feb. 13, 2013). Though encouraging for employers, the decision does not specifically enumerate factors courts should consider in exercising discretion with respect to awarding … Continue Reading
SEC Issues $14 Million Whistleblower Bounty
By Steven J. Pearlman and K.M. Zouhary on Posted in SEC
Show Me The Money? Wall Street Journal Reports That A Big Pay Day For Whistleblowers “May Take A While”
By Steven J. Pearlman and K.M. Zouhary on Posted in SEC
Eleventh Circuit: Liquidated Damages For FLSA Retaliation Discretionary, Not Mandatory
By K.M. Zouhary and Steven J. Pearlman on Posted in FLSA Retaliation
