Class Actions Blog

Archive for the ‘Whistleblower’ Category

Securities class action filed against Facebook relating to data provided to Cambridge Analytica

Posted on: March 27th, 2018 by Steve Larson

Shareholders of Facebook stock sued the social media giant alleging that Facebook made misleading claims about its use of user data, which blew up this month when its alleged relationship to a Trump-linked data firm was made public. Shares of Facebook’s stocks toppled more than $20 over two days earlier this week after the New York Times and the Observer of London reported that Facebook did not tell users that their private data was being harvested by Cambridge Analytica, a political data firm with ties to President Donald Trump’s 2016 campaign.

Read more…


U.S. Supreme Court extends whistleblower laws to sub-contractors of public companies

Posted on: March 25th, 2014 by Steve Larson

Whistleblower Practice AreaThe U.S. Supreme Court has said whistleblower protections apply not just to publicly traded companies but also to subcontractors that do business with them.  The justices voted 6-3 along non-ideological lines in a ruling that extends whistleblower protections to investment advisers, law firms, accounting firms and other such businesses working for public companies.  The three dissenting justices said the ruling had a “stunning reach” that could give protections far beyond that, potentially even reaching household employees like babysitters. Read more…


Whistleblower recovers $3.5 million

Posted on: April 16th, 2013 by Steve Larson

Whistleblower Practice AreaAn Anchorage, Alaska man was awarded $3.5 million after a jury concluded he was wrongfully terminated by his supervisors in 2008. The Anchorage Daily News reported that the whistleblower managed approximately 40 workers for Shaw Environment and Infrastructure, which had been under contract to uphold facilities at two military bases.

According to the lawsuit, the whistleblower found out that Shaw’s Alaska project manager was a co-owner of another company that was leasing $2 million in equipment to Shaw, often without a competitive bid.  Shaw billed the military bases for the leasing expense, the lawsuit alleged. Read more…


IRS whistleblower receives $104 million award

Posted on: September 24th, 2012 by Steve Larson

A former UBS banker who provided information on the firm’s vast business of helping wealthy Americans hide their assets from the Internal Revenue Service has received a $104 million whistleblower reward, which his lawyers said was the largest in U.S. history.  Bradley Birkenfeld’s tips helped pave the way for a 2009 settlement between the U.S. government and UBS under which the bank agreed to pay $780 million in penalties and turn over the account information of thousands of U.S. clients. Read more…


SEC pays first whistleblower bounty under Dodd-Frank

Posted on: September 10th, 2012 by Steve Larson

On August 21, 2012, the Securities and Exchange Commission (SEC) announced that it has awarded its first whistleblower bounty, just over one year after the SEC’s Dodd-Frank whistleblower rules became effective.  The SEC’s Claims Review Staff issued a short order, Release No. 34-67698, granting the whistleblower’s award, which notes that the SEC declined to award a claim to a second whistleblower involved in the action. Read more…


Whistleblower suit against Omnicare settled

Posted on: September 6th, 2012 by Steve Larson

Court documents filed this week show the giant pharmaceutical firm Omnicare Inc. has agreed to settle a whistleblower lawsuit involving millions of dollars in alleged kickbacks to one of Illinois’ most prominent nursing home families.  While Omnicare reached a financial settlement in principle, the terms have not been publicly disclosed. It is not clear if Omnicare’s board has approved the agreement, although a lawyer involved in the case suggested that will likely happen. Read more…


Legal Disclaimer

The information contained in this blog does not constitute legal advice, and does not create an attorney-client relationship. We make no claims, promises or guarantees about the accuracy, completeness, or adequacy of the information contained in or linked to this blog.

About Class Actions:

About this blog

This blog is intended to provide information to the general public and to practitioners about developments that may impact Oregon class actions.

About the author

  • Steve Larson

  • Steve Larson
  • Steve Larson has been representing investors, consumers and employees in class actions in Oregon for over 20 years. He is a shareholder at the law firm of Stoll Berne in Portland, Oregon.
Follow stollberne on Twitter

Subscribe to this blog