Milberg Investigators & Forensic Accountants
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Putting Some Teeth in U.S. Whistleblower Law 1 November 2010
Andrei Rado, an attorney at Milberg LLP focusing on securities and consumer class action litigation, contributed an article to the Issue 99 of the European Lawyer discussing the new whistleblower law under the recently passed Dodd-Frank Act. (more…)
Milberg Partner Andrei Rado Discusses Whistleblower Provisions in Dodd-Frank Bill 1 November 2010
Milberg partner Andrei Rado sits down with Class Action Central to discuss the new whistleblower provisions outlined in the recently signed Dodd-Frank Wall Street Reform and Consumer Protection Act.
Whistleblower Suits Bring in Record Recoveries for Courageous Employees 29 October 2010
On October 26, 2010, the Department of Justice (DOJ) announced that GlaxoSmithKline (Glaxo) agreed to pay $750 million to settle criminal and civil allegations brought by a whistleblower, a former company quality manager, who warned Glaxo of contamination of its products at a Puerto Rico plant. The whistleblower repeatedly alerted Glaxo managers about the problems at the factory, which included bacteria contamination of its anti-nausea medication Kytril and baby ointment Bactroban, Paxil CR tablets that had split in two, and Avandamet made with improper ingredients. Instead of taking action to recall the products and fix the problems at the plant, Glaxo terminated the quality manager after she reported the conditions. The former manager then filed a whistleblower suit under the federal False Claims Act, which resulted in the multimillion dollar settlement. In this case, the whistleblower will receive a record $96 million payout from the federal government and will likely collect additional millions from the state actions. (more…)
Milberg Partner Robert Wallner Discusses Madoff Ponzi Scheme Litigation 29 October 2010
In an interview with Class Action Central’s Allen Yesilevich, Milberg partner Robert Wallner discusses developments in investors’ attempts to recover losses in the wake of Bernard Madoff’s Ponzi scheme. Mr. Wallner is currently representing several investors in lawsuits arising out of the Madoff matter, and he talks about the issues being litigated in the courts, the types of cases being filed, and who may be entitled to recovery.
Milberg Expands Practice to Include Representation of Securities Fraud Whistleblowers 22 July 2010
On July 21, 2010, the Dodd-Frank Wall Street Reform and Consumer Protection Act became law. The Act provides important provisions for whistleblowers to assist the Securities and Exchange Commission in policing fraud, including monetary incentives and anti-retaliation provisions for reporting violations of the securities laws to the SEC. Milberg LLP, a private law firm that has represented plaintiffs in securities actions for decades, applauds the government’s recognition of the risks whistleblowers face and the value they provide in fighting fraud.
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