In recent years, there has been a rise in the number of whistleblowers coming forward to report securities fraud and file whistleblower lawsuits. The significance of these whistleblowers has increased over time, and their prevalence is projected to continue increasing as a result of recent legislation by Congress. Any company or individual that has been a victim of securities fraud must consider their legal options before moving forward. While there are many different ways you can respond if you discover that you have been the victim of illegal stock trading, an SEC whistleblower lawsuit is not always your best option. This article details some of the top reasons why SEC whistleblower lawsuits are worth pursuing when you have been the victim of securities fraud.
You May Be Entitled To A Financial Reward
In addition to serving justice, with a whistleblower lawsuit, you may also be entitled to a financial reward commonly known as whistleblower rewards. Many whistleblowers are entitled to 10% to 30% of the total financial penalties that are collected from the accused parties. Some whistleblowers have received $100 million+ in whistleblower rewards after filing an SEC whistleblower lawsuit. If you are concerned about the cost of hiring a lawyer to pursue your rights as a whistleblower, contact Nashville Whistleblower attorney Timothy L. Miles.
You Can Hold Individuals Responsible
In many cases, the fraud is committed by a large corporation, and it is not clear who you should hold responsible. A large company has many employees, and you may have no idea who was responsible for the fraud. The complaint that you file in an SEC whistleblower lawsuit can name specific individuals as responsible for the fraud. This allows you to hold individuals responsible for their actions, rather than the vague entity of a large company. You can also use your whistleblower lawsuit to request that certain people be investigated or fired from the company.
It Builds Goodwill With Investors
A common concern with reporting the fraud to the government is that the government will take action against the company, hurting the value of the stock. While this is generally a valid concern, it is not an option you are forced to choose. If you file an SEC whistleblower lawsuit against the perpetrators, you can help the stock value by increasing investor confidence and trust. Investor confidence increases as the fraud become exposed and the perpetrators are punished for their illegal activities. This benefits you, as you are likely to receive a whistleblowers award for your efforts.
Securities fraud is a real problem that can impact investors of all types. An SEC whistleblower lawsuit may be the best way to proceed. If you are thinking of blowing the whistle, contact Nashville 8 Timothy L. Miles today for a free case evaluation.
Timothy L. Miles, Esq.
Timothy L. Miles is a nationally recognized shareholder rights attorney raised in Nashville, Tennessee. Mr. Miles was recentely selected by Martindale-Hubbell® and ALM as a 2022 Top Ranked Lawyer, 2022 Top Rated Litigator. and a 2022 Elite Lawyer of the South. Mr. Miles also maintains the AV Preeminent Rating by Martindale-Hubbell®, their highest rating for both legal ability and ethics. Mr. Miles is a member of the prestigious Top 100 Civil Plaintiff Trial Lawyers: The National Trial Lawyers Association, a superb rated attorney by Avvo, a recipient of the Lifetime Achievement Award by Premier Lawyers of America (2019) and recognized as a Distinguished Lawyer, Recognizing Excellence in Securities Law, by Lawyers of Distinction (2019). Mr. Miles has published over sixty articles on various issues of the law, including class actions, whistleblower cases, products liability, and more.
Timothy L. Miles
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