Sep

16

Durie Tangri Speaker Series: Whistleblower Bounty Provisions of Dodd Frank

September 16, 2010

Professor Joseph Grundfest of Stanford Law School joined us to speak on the whistleblower bounty provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act), passed by Congress on July 15, 2010.  Section 922 of the Act allows the SEC to award whistleblowers who report securities violations that exceed $1 million anywhere between 10 and 30 percent of monetary sanctions recovered.  Many believe the Act was passed largely in response to the SEC’s alleged failure to act on information provided by Harry Markopolos regarding Bernard Madoff’s extraordinary fraud scheme.    

Professor Grundfest is a nationally recognized expert on capital markets, corporate governance, and securities litigation. His courses at Stanford touch topics such as capital markets, venture capital, and the role of the modern general counsel.  Professor Grundfest launched Stanford Law School’s executive education programs.  He also founded the Stanford Securities Class Action Clearinghouse, an award-winning resource for information on federal class action securities fraud litigation.  More information on Professor Grundfest, along with his publications and recent news, can be found here.

Speaker Series is a monthly lunchtime series hosted by Durie Tangri.  We invite professionals from various industries to share their insight and expertise.