Seyfarth's SOX Whistleblower Team Cited in The Wall Street Journal
"First Comes the Whistleblower, Then Comes The Securities Class Action?"

Seyfarth's newly established multi-disciplinary Sarbanes-Oxley (SOX) Whistleblower team was citedin The Wall Street Journal's "Corruption Current" blog. The post discussed the first wave of concerns about the Dodd-Frank Act's whistleblower bounty program, which according to defense attorneys may lead to a profusion of securities class actions, with SEC whistleblowers at their center. As illustrated in the post, "a whistleblower tip to the SEC spurs a government investigation of a company, whose stock price plunges as the market reacts to the news. The whistleblower, who owns stock in the company, then contacts (or is somehow recruited by) a plaintiff's lawyer who taps the whistleblower's knowledge to craft a complaint durable enough to overcome pleading hurdles."

Read the full post here: http://blogs.wsj.com/corruption-currents/2010/11/17/first-comes-the-whistleblower-then-comes-the-securities-class-action/.