An anonymous whistleblower has asked a federal appeals court to overturn a Securities and Exchange Commission decision denying her a share of a record $279 million bounty award issued last month.
The lawsuit, filed under the alias Jane Doe, said the SEC erred when it awarded the entire sum—more than double the previous record award—to a single, anonymous tipster. The payout comes more than three years after the telecommunications company LM Ericsson agreed to pay the SEC and the Justice Department more than $1 billion to settle bribery allegations.
Source: Whistleblower Denied a Share of $279 Million Award Sues the SEC
