The US Department of Justice recently unveiled the details of its new Corporate Whistleblower Awards Pilot Program. Launched on August 1 for a three-year trial, the DOJ's initiative aims to fill gaps left by existing whistleblower programs at the US Securities Exchange Commission and the US Commodity Futures Trading Commission. While the program's goals of enhancing corporate accountability and deterring misconduct are laudable, it remains to be seen whether its implementation will yield an increase in federal criminal investigations of corporate misconduct.
In an article for Law360, Milbank LLP Litigation & Arbitration partners Nola Heller and Matthew Laroche and special counsel John Hughes discuss the contours of the program, how it differs from preexisting SEC and CFTC whistleblower incentive programs, and the potential challenges for companies and the DOJ alike in successfully implementing it.
Read “Why DOJ's Whistleblower Program May Have Limited Impact” here.
