Law360 Quotes Arent Fox Partner Peter Zeidenberg Following SEC’s Record Whistleblower Award
Arent Fox White Collar & Investigations partner Peter R. Zeidenberg was quoted by Law360 after the Security and Exchange Commission (SEC) announced plans to award more than $30 million to a corporate whistleblower.
This sum, if awarded, would more than double the SEC’s previous record payout.
“An award this size will be seen by many as no different than winning the lottery,” said Mr. Zeidenberg. “And, like the lottery, you have to play to win. Except instead of buying lottery tickets, ‘players’ will be providing the SEC with information and tips. I would expect that there will be many people reporting what they believe to be fraudulent activity in the hopes of a huge payout like this.”
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