Hagens Berman Blog

Whistleblower News: $1.6M to Whistleblower, False Claims Act, Insider Trading

03/24/2020

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SEC Awards Over $1.6 Million to Whistleblower

SEC

The Securities and Exchange Commission today announced an award of more than $1.6 million to a whistleblower whose information tipped the agency to securities law violations and helped form part of the basis for charges brought in a successful enforcement action.  In addition to the tip, the whistleblower provided helpful assistance early in the investigation, preserving Commission time and resources. read more »

Medical judgments can be 'false' under the False Claims Act - 9th Circuit

REUTERS

A federal appeals court on Monday held that a whistleblower does not need to show that a doctor’s clinical opinion that certain treatment is medically necessary is objectively false to pursue claims that the opinion led Medicare to be improperly billed. read more »

SEC warns on coronavirus insider trading after stock sales by NYSE chair, his wife Sen. Loeffler, 3 other senators

CNBC

The Securities and Exchange Commission issued a sharp warning against trading on nonpublic information related to the coronavirus.

The caution came days after news of recent stock sales by the CEO of the owner of the New York Stock Exchange, Jeff Sprecher, and his wife, Sen. Kelly Loeffler, R-Ga., sparked widespread criticism and calls for investigations. read more »