man-user-icon Client Login Portal
    • addthis
    • link : Client Login
    • knowledge network
    • Practice Areas
    • Cases
    • About Us
    • News & Events
    • Our People
    • Knowledge Network
    • Contact Us
    Labaton Sucharow
    • addthis
    • link : Client Login
    • knowledge network
    • Practice Areas
    • Cases
    • About Us
    • News & Events
    • Our People
    • Knowledge Network
    • Contact Us
    • Practice Areas
    • Cases
    • About Us
    • News & Events
    • Our People
    • Contact Us
    • Knowledge Network
    • Client Login
    • Search
    • addthis
    • link : Client Login
    • knowledge network
    Labaton Sucharow
    • News & Events
      • Press Room
      • Published
      • Events
    • Digital Library
      • Videos
      • Podcasts
      • Webinars
    • News & Events
      • Press Room
      • Published
      • Events
      • The Liaison
    • Digital Library
      • Videos
      • Podcasts
      • Webinars

    Gaming Concern that Fired Whistleblower to Pay $500K

    Bloomberg BNA
    September 30, 2016

    Jordan A. Thomas weighs in on the increase of retaliation cases in the coming years

    International Game Technology, a manufacturing company that distributes slot machines, will pay half a million dollars for allegedly firing a highly regarded employee because he informed senior management and the SEC about potential wrongdoings in the gaming concern's financial statements. The case is the agency's second whistleblower retaliation case since the Dodd-Frank Act gave it authority to bring such lawsuits, and its first standalone anti–retaliation action.

    Partner Jordan A. Thomas spoke with Bloomberg BNA to express how he wasn't surprised the commission had brought only two anti-retaliation cases. Thomas said it takes two to four years to complete an investigation and there may be cases in which the commission has investigated retaliation, but is still investigating accounting fraud or other possible misconduct. “I suspect in the coming years you're going to see a steady flow of retaliation cases and they will grow in number,” Thomas said. “This is the beginning of a much bigger wave of retaliation cases that we will see.”

    Useful Links

    • Practice Areas
    • Cases
    • About Us
    • News & Events
    • Our People
    • Knowledge Center

    Our Locations

    footer-list-map_icon New York
    140 Broadway
    New York, NY 10005
    212-907-0700

    footer-list-map_icon Delaware
    300 Delaware Avenue, Suite 1340
    Wilmington, DE 19801
    302-573-2540

    Useful Links

    footer-list-map_icon Washington, D.C.
    1050 Connecticut Avenue, NW, Suite 500
    Washington, D.C. 20036
    202-772-1880

    Stay Connected

    • Facebook
    • Twitter
    • LinkedIn
    Labaton Sucharow
    • Attorney Advertising Disclaimer
    • Privacy Policy
    • labaton.com
    • Labaton Sucharow All Rights Reserved 2019

    Attorney Advertising Disclaimer

    The materials appearing on this website are provided for informational purposes only and do not constitute legal advice. You should not take action based upon this information without consulting legal counsel. This site is not intended to create an attorney-client relationship. The hiring of a lawyer is an important decision that should not be based solely upon any single source of information, including advertising on this website. You may ask us to send you further information about us, and we urge you to review other sources of information about us.