Category Archives: Lawyers

Jeremy Goldstein Explains the Need to Introduce Knockout Option to Employers

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Employees are slowing adjusting to the recent drastic changes by their employers. With the increasing need for business owners to minimize on their expenses and save money, most employers have decided to stop offering the stock option to their employees. While this is one of reasons for this decision, according to Jeremy Goldstein an expert corporate lawyer, the reasons are more complex.


Jeremy Goldstein notes that over the past few years, stock options value has decreased drastically making it impossible for the employees to make decisions in the company. Secondly, most employees have become wary of the negatives of stock options hence making them useless. Lastly, the associated costs of maintaining the stock options have outweighed its financial benefit thereby rendering them of no use to the employers.


With the stock option gone, Jeremy Goldstein suggests that employers adopt the knockout option as their new employee compensation method. According to this executive, the knockout option is more or so the same as the stock option. However, the difference comes from the fact that with the latter, you can cap the option from falling below a certain limit. As if this is not enough, with knockout options employees can be able to control the price of the stock thus giving them the incentive to work even harder.


About Jeremy Goldstein


Jeremy Goldstein is a reputable corporate attorney and a founding member of Jeremy L. Goldstein & Associates LLC. This is a law firm located in New York City dedicated in providing corporations and businesses executive advisory services when it comes to corporate governance issues, advising compensation committees, management teams and CEOs. Mr. Jeremy Goldstein is quite experienced in matters law and prior to starting his own law firm had worked for over 15 year in law firms such as Lipton, Wachtell and Rosen & Katz.


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Karl Heideck Sets the Bar High

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Karl Heideck Sets the Bar High

Karl Heideck Sets the Bar High

A litigator is simply the person who represents plaintiffs and defendants in cases, and goes ahead to manage all the phases of litigation. The process of litigation involves the process of; investigation, case discovery, trials, lawsuit settlement and at times the appeals. On the other hand, we define litigation as the conduct of a lawsuit. Just like any other career, a lot of effort and education is needed for one to fulfil his or her dream of becoming a litigator.

To become a litigator, you have to follow a pre-defined career path to earn for yourself a bachelor’s degree. Though it isn’t a quintessential for a pre-law student to have acquired his or her degree in a particular field, there are certain subjects considered as pre-law majors and include History, English and Criminal Justice. The next step involves one taking the law school’s admission test before the awarding of the degree. For one to be conferred with a practicing license, one has to pass the bar exam, and from here one is free to practice law.

Karl Heideck, a lawyer based in Philadelphia has risen to become a house-hold name in Litigation. His exceptional skills and talents in the various field he majors in including the risk management, employment law, compliance practices and the corporate law makes him a role model to watch and what Karl knows.

Prior to law, Karl pursued English and literature as his main course at the Swarthmore College, and later joined the Tempe University where he graduated with a first class honors degree. In the future Karl’s star deemed to glow brighter and his successful career will be an inspiration to many. For those seeking to become litigation lawyers, the bar has been set a notch higher, but still, you have all that is required to curve your niche and Karl’s lacrosse camp.

Understanding The SEC Whistleblower Program

Published / by AlbertK / 1 Comment on Understanding The SEC Whistleblower Program
On July 21, 2010, Congress signed into law the Dodd-Frank Wall Street Reform & Consumer Protection Act. This act is the most significant overhaul of our financial system since the Great Depression. One of the most important reforms contained in Dodd-Frank guarantees anyone who comes forward with information about possible financial violations of federal securities laws will have the full protection of the United States Government. This means for the first time in history the Securities and Exchange Commission (SEC) would be able to protect a potential witness from retaliation. Men and women who decide to come forward with information about a possible violation are known as whistleblowers.

Under this legislation, a whistleblower is awarded between 10%-30% of the money collected if their information leads to a successful enforcement action. The amount of the action must exceed 1 million dollars. The SEC Whistleblower Program has been in effect for a little over six years and has exposed many instances of financial wrong doing in the financial services industry. Recently one whistleblower was awarded over 17 million dollars by the SEC.

This recent whistleblower was represented by the law firm of Labaton Sucharow LLP, led by well-known SEC whistleblower lawyer Jordan Thomas, chairman of Labaton Sucharow’s Whistleblower Representation Practice. To date, this is the second largest award authorized under the SEC Whistleblower Program. The client provided invaluable information that eventually led to sanctions against one of the major players in today’s financial markets.

Under the SEC Whistleblower Program, anyone represented by a lawyer can remain anonymous. In most cases brought before the SEC, the whistleblower chooses to remain anonymous in order to avoid retaliation and possible blacklisting from the financial services industry. The SEC does not disclose any specifics in a case when a whistleblower plays a role, this is to avoid the possibility of indirectly disclosing the identity of the whistleblower.

Mr. Thomas stated, in this case, his client stepped forward when others in the industry were willing to keep quiet and allow innocent investors to be potentially harmed. Mr. Thomas predicts that in the future many of the SEC’s largest cases will be because of a courageous whistleblower. The first officer of a public company to receive a SEC reward was represented by Mr. Thomas and he was also the attorney who worked on the first case where the SEC was able to charge an employer with retaliation of a whistleblower.

Because of the protections and incentives available in the SEC Whistleblower Program, Labaton Sucharow LLP clients have the opportunity to report violations of federal securities to the SEC knowing they will remain anonymous and protected from retaliation while having the possibility of earning a substantial monetary reward.

Break the Silence Today

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It has been noted that most whistleblowers from all over have taken the initiative of reporting a broad variety of possible securities violations of federal securities law to the Securities Exchange Commission (SEC). The consumer Protection Act and Dodd-Frank Wall Street reforms were enacted by the congress in 2010. The consumer Protection Act was brought about to deal with the U.S great depression by focusing on financial regulations. Among the many crucial reforms developed by Dodd-Frank Wall Street Act was the new whistleblower program. This program was established with an aim of significantly providing financial incentives and employment protections thus enabling individuals report violations of laws by federal securities to the large organization which is the SEC.

Historical Evolution of the Whistleblower Reform

Following the need to get answers for historic legislation, the first firm to take the initiative to establish an exclusive practice that covered the protection and support of SEC whistleblowers was the Labaton Sucharow firm. This firm managed to provide quality and unparalleled representation for all whistleblowers and this was made possible by the firm’s whistleblower representation practice. This practice was made up of experienced team of investigators, forensics accountants and financial analysts. Assistant Director Jordan A. Thomas played an important leadership role at this time by leading the practice which managed to help develop the whistleblower program. This was made possible through proper drafting of all proposed legislation as well as final implementing rules.

Rules of the Whistleblower Program

Basing on the rules implemented for the whistleblower program, eligible whistleblowers are required to be paid 10-30% of monetary sanctions collected from successful enforcement of SEC actions. The monetary sanctions can be approximated to $1 million in the case of proper enforcement of actions. It is evident that meeting this threshold will increase the eligibility of most whistleblowers by leading to additional awards based on monetary sanctions collected. The Dodd Frank Act encourages whistleblowers to report violations as well as prevent retaliations by employers. Additionally, whistleblowers are allowed to report anonymously on all possible securities violations if they have an attorney to represent them.


As a potential whistleblower you are encouraged to report possible securities violations as well as request all anonymity that you require during the initial legislation consultation. When answering the evaluation questions, you are required to provide necessary and reliable information to help the SEC evaluate if your case has got traces of possible violations of federal securities law.

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SEC Offer the Second Largest Whistleblowers Award to Labaton Sucharow LLP

Published / by AlbertK / 1 Comment on SEC Offer the Second Largest Whistleblowers Award to Labaton Sucharow LLP

Labaton Sucharow was the first law firm in the country to come up with the practice of protecting and advocating for Securities and Exchange Commission’s Whistleblowers. The firm controls a world-class internal team of financial analysts, investigators and forensic accountants with state and federal law enforcement knowledge and experience to provide supreme representation for whistleblowers. For more than 20 years, the institution has been the country’s premier law firm that represent institutional investors, businesses and consumers in sophisticated securities and business litigations.


Late last week, the SEC unveiled a $17 million worth of award to a Labaton Sucharow’s client, the second-largest award since the inception of the whistleblower program five years ago. The award was meant to credit the law firm’s client for exposing significant transgressions among key players in the financial market.


The client provided substantial information that resulted to sanctioning of a major player in the industry. The client opted to remain anonymous as in all other cases to avoid blacklisting and retaliation. It is a mandate by law that Securities and Exchange Commission remain silent about the identity of the whistleblower who plays a role in exposing illegal secrets by financial players.


According to PR Newswire the whistleblowers program was established to allow entitled whistleblowers to receive a minimum of 10% and a maximum of 30% of the total monetary sanctions collected in a successful legal breach enforcement actions to financial players in the industry.


Jordan Thomas, the former Assistant Director in the Division of Enforcement at SEC said that while other client opted to be silent about the wrongdoing by the financial firms, it was Labaton’s client who exposed the violations to prevent investors from being harmed. According to him, the figure offered to the client should serve to encourage other whistleblowers to expose such violations of state and federal laws by key financial players in the industry.


The SEC has in the past offered awards totaling more than $85 million, with notable ones in September 2014, when the commission offered approximately $30 million to Labaton’s client and in October 2013, when the commission offered $14 million to the same client.


Any whistleblower is eligible to report any kind of violations incognito with employment protections and an opportunity to receive a significant amount of monetary awards.

Learn more about the SEC Whistleblower attorneys