Labaton Sucharow beefs up its whistleblower protection bench

Author: Bloomberg Law

A Bloomberg Law piece on former SEC associate counsel Richard Levine joining Labaton Sucharow as a partner in the firm’s whistleblower representation practice referenced a 2015 survey the firm did with Mendoza College of Business.

Thomas sees no slow-down in cases, noting a 2015 survey Labaton Sucharow did together with University of Notre Dame Mendoza College of Business that found that unethical behavior persists in the U.S. and British markets despite the 2008 economic meltdown.

The report, for example, found a widespread belief that unethical or illegal behavior persists. Some 20 percent of those responding feel financial services professionals must sometimes engage in illegal or unethical activity to be successful.

Nearly 90 percent of respondents said they would report misconduct under the SEC’s whistleblower program, according to the survey, but more than one-third were not aware of it.