Documents obtained under the Freedom of Information Act (FOIA) from the U.S. Securities and Exchange Commission (SEC) reveal that large “Big Law” corporate law firms are confidentially or quietly representing whistleblowers in whistleblower reward cases filed under the highly successful Dodd-Frank Act. Leading corporate firms, such as Winston & Strawn and Akin Gump, have already obtained whistleblower reward judgments in claims filed against corporate criminals.
“The revelation that the most notorious anti-whistleblower law firms are quietly representing whistleblowers in SEC enforcement cases came as a shock,” said Stephen M. Kohn. Kohn is a whistleblower attorney who filed the FOIA request on behalf of Whistleblower Network News (WNN) and the National Whistleblower Center (NWC). “The potential for massive conflicts of interest is obvious,” Kohn said, “as these firms base their practices on defending corporations accused by whistleblowers of engaging in bribery, money laundering, and securities frauds.”
WNN reviewed the websites of the large corporate firms that successfully represented whistleblowers who reported significant securities law violations under Dodd-Frank. Neither of the two largest firms took credit for winning a Dodd-Frank whistleblower case, or disclosed that they were representing whistleblowers in SEC investigative proceedings.
WNN reviewed the 1034 pages of FOIA documents released by the SEC and carefully compiled a list of the 64 law firms that...
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