Partner David Baris Quoted in Reuters Article: "Backlash brews on U.S. whistleblower awards"
Ross Kerber
March 9, 2011
Partner David Baris was quoted in the March 7 Reuters article, "Backlash brews on U.S. whistleblower awards," by Ross Kerber.
The Dodd-Frank law calls on the U.S. Securities and Exchange Commission to pay awards to people who report violations leading to at least $1 million in sanctions.
Employees "have been deputized and promised huge riches to bypass their companies and report to the government" under the new law, said David Baris, head of the American Association of Bank Directors.