Whistleblowers Incentives, Disincentives, and Protection Strategies [Hardcover]

In July 2010, President Obama signed the Dodd-Frank Wall Street Reform and Consumer Protection Act that greatly expanded whistleblower bounties in connection with violations of federal securities laws, including the Foreign Corrupt Practices Act. Discussing business protection strategies and best practices in dealing with whistleblowers, Whistleblowers will appeal to board members, executives, corporate compliance personnel, attorneys for whistleblowers and defense attorneys, as well as potential employee whistleblowers.

• Case studies of GlaxoSmithKline, Pfizer and other high profile whistleblower incidences
• Examines new Dodd-Frank incentives to whistleblowers
• Recommends best practices for corporations in light of new whistleblowing incentives
• Explores other federal and state statutory incentives to whistleblowing

Timely and comprehensive, Whistleblowers emphasizes the disincentives to whistleblowing, reviewing the academic studies of whistleblowers with the idea of developing best practices in working with whistleblowers.

Acknowledgments xv

Introduction 1

PART I: THE WHISTLEBLOWERS AND THE DODD-FRANK INCENTIVES

Chapter 1: The Dramatic Expansion of Whistleblower Awards under Dodd-Frank 11

Whistleblower Provisions of Dodd-Frank 13

What Is “Original Information”? 14

What Are Violations of the Federal Securities Laws? 15

Rule 10b-5: Market Manipulation 19

Violating the Accounting Standards 20

False Financial Statements by Public Companies 20