Marlyse Vieira

Aug 15, 2023 | lexology.com | Gary Giampetruzzi |Corinne Lammers |Josh Christensen |Jessica Montes |Marlyse Vieira

Introduction On May 5, 2023, the Securities and Exchange Commission (“SEC”) granted its largest-ever whistleblower award of $279M to an individual,[1] reportedly stemming from Ericsson’s $1.1B settlement to resolve claims that the telecommunications company violated the Foreign Corrupt Practices Act (“FCPA”).[2] Coupled with other recent enforcement actions by the SEC arising under applicable whistleblower protection rules (Dodd Frank’s Rule 21F-7) and the increasing number of whistleblowers...