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News
May 26, 2015

In the News Today – May 26, 2015

The SEC’s “whistleblower program” uses “the promise of high bounties to encourage more people to report” alleged fraud. To date, it has reportedly resulted in awards totaling more than $50 million, though attorneys report that it is extremely difficult for “whistleblowers” to actually collect their bounties. The article also reports that some whistleblowers were “short selling” the same companies on whom they “blew the whistles” right up until they reported the alleged fraud to the SEC. (Wall Street Journal)

The Texas legislature has passed asbestos trust transparency legislation (HB 1492), which now heads to Governor Greg Abbott for approval. (Business Insurance)

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