SEC Whistleblower Representation Practice Chair Jordan A. Thomas was quoted in MarketWatch regarding a series of whistleblower tips filed with the Securities and Exchange Commission by a former Walt Disney Co. accountant, Sandra Kuba. Kuba alleges that employees of the Walt Disney Co. have been overstating billions of dollars in revenue by exploiting weaknesses in the company's accounting software for years. While a Disney spokesperson called the claims "utterly without merit," according to Jordan "the pattern of interaction with the SEC suggests the regulator is taking the allegations seriously." Marketwatch reported that the SEC has been in communication with Kuba through in-person meetings and phone calls. “The SEC receives more than 25,000 tips, complaints and referrals each year, and the vast majority do not make it this far. The fact that the SEC has asked for more information more than once and conducted interviews suggests an inquiry is underway,” said Jordan.
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