Tag: Whistleblower actions

SEC pays first whistleblower bounty under Dodd-Frank

September 10, 2012 by

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

Whistleblower suit against Omnicare settled

September 6, 2012 by

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