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Michael Volkov on Whistleblowers

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Michael Volkov, a shareholder in LeClairRyan, discusses the tough whistleblower laws that were passed as part of the Dodd-Frank financial reform package. Whistleblowers that meet certain criteria are now entitled to as much as 30 percent of all recoveries that result from their cooperation with the government. That’s a powerful incentive – and it dictates an urgent need for companies to ensure that employees report problems internally, before turning to regulators.

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