Top Practitioners Survey Dodd-Frank Whistleblower Landscape

Large awards to whistleblowers under rhe Dodd-Frank whistleblower program, such as the recent $57 million award to former Countrywide Financial executive Edward O’Donnell,  raise the visibility of the Dodd-Frank program, heightening the need for companies to understand the provisions.  A recent program sponsored by Securities Docket and the law firm Gibson Dunn & Crutcher discussed salient aspects of the Dodd-Frank program, including how the whistleblower provisions have functioned since their adoption and key elements of the reporting and award processes.  The panelists, Gibson Dunn partners F. Joseph Warin and John W.F. Chesley and Phillips & Cohen partner Erika A. Kelton, also offered insights drawn from recent whistleblower awards and highlighted critical unresolved issues under that regime.  For more insight from Warin and Chesley on whistleblowers, see “Five Themes for General Counsel to Monitor with Respect to Dodd-Frank Whistleblowers and the FCPA” (Oct. 3, 2012).

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