Team made up of SEC alumni and led by whistleblower practice head Jordan Thomas take clients to found new firm
Former US Securities and Exchange Commission (SEC) assistant director Jordan Thomas has left New York securities law firm Labaton Sucharow along with four partners to launch a firm dedicated to representing SEC whistleblowers.
Thomas, who founded and led the whistleblower representation practice at Labaton, will act as chair of SEC Whistleblower Advocates. Richard Levine, Michael Stevenson, Timothy Warren and Robert Wilson, all of whom are also SEC alumni, have left Labaton with him for the launch.
The founders said they believe a law firm dedicated to SEC whistleblowers ‘is the premier model for serving courageous individuals who wish to report securities violations.’
Thomas told Reuters that all of the clients from Labaton’s whistleblower practice are coming over to the new firm, which initially will have offices in New York and Washington DC. The launch reflects a bullish view of the SEC Whistleblower Program’s future and the maturation of the practice area.
“With the program regularly breaking records and Chairman Gensler’s whistleblower-friendly leadership, we believe that this is the right time to launch this specialty law firm,” said Thomas. “Being a whistleblower has never been more lucrative or dangerous, and our new firm’s mission will be to level the playing field and ensure that SEC whistleblowers don’t have personal or professional regrets.”
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