2023 Whistleblower Forecast with the National Whistleblower Center
Tue 24th Jan 2023, Blog
The National Whistleblower Center reported that the SEC received more than 12,300 whistleblower tips in 2022 and awarded $1.3 billion in monetary sanctions through 70 actions. Partner Michael Williams of Bienert Katzman Littrell Williams LLP discussed with NWC his predictions for the quantity (and quality) of whistleblower claims for 2023.
“As the economy potentially moves toward recession or slow down, there’s often an uptick in whistleblower claims and SEC complaints because people are let go and laid off,” Mr. Williams said. “Hopefully, the agencies are being gatekeepers and only pursuing meritorious claims. The only real danger I see is if agencies become so overwhelmed because so many claims are being filed that they can’t investigate all, and some meritorious claims fall through the cracks.”
Read about the firm’s success in USA ex rel. Brown v. Celgene, which resulted in a record $280 million settlement and $78 million relator share for our client. Learn more about BKLW’s whistleblower and qui tam practice.
BKLW Partner Michael R. Williams heads BKLW’s commercial litigation practice and his main practice areas include qui tam suits under state and federal False Claims Acts, insurance coverage and bad faith, corporate governance and partnership disputes, contract and business tort claims, trade secret misappropriation, environmental, and employment litigation. He has substantial first-chair experience representing plaintiffs and defendants in trials, arbitrations, and appeals.