United States: What Companies Should Know About Whistleblowers

Cadwalader attorneys described five compliance measures to minimize risk when responding to whistleblowers.

In a Bloomberg Law article, Cadwalader attorneys reminded companies that the SEC's Whistleblower Program is "alive and well," highlighting a recent $50 million whistleblower award. To minimize risk and promote best practices, the attorneys advised companies to:

1. avoid retaliating against or cutting off contact with a whistleblower;

2. encourage internal reporting;

3. be proactive and get ahead of the investigation;

4. keep a paper record; and

5. regularly review and update compliance practices.

The Bloomberg Law article was authored by Kyle DeYoung, Lex Urban and Will Simpson.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.