Legal News

SEC pays US$50m whistleblower award, its largest ever

Published on: 08 June 2020
Published by a Law360 reporter

Table of contents

  • Original news
  • Significant information led to largest whistleblower award

Article summary

Law360: The US Securities and Exchange Commission (SEC) said on Thursday 4 June 2020 that it was awarding nearly US$50m to a whistleblower—its largest-ever sum to a single person—in this case someone who gave firsthand information about a company’s misconduct that resulted in a large amount of money returned to harmed investors.

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