Jottings By An Employer's Lawyer

Monday, March 10, 2014

How Much Would it Take to Wet Your Whistle?

That's a 64 million dollar question, literally. JP Morgan whistleblower gets $63.9 million in mortgage fraud deal. 

It seems quite likely that headlines like that are apt to make many think that rather than continuing to work as an assistant vice president, as Keith Edwards did before reporting that JP Morgan was submitting mortgages for FHA and VA approval that did not qualify, and apparently not notifying the government that its own internal review had disclosed the problem, that it might make sense to play a new version of the lottery. 

Couple that with the Supreme Court's decision last week expanding the reach of yet another major whistle-blowing statute, Supreme Court Exapnds Scope of Sarbanes-Oxley Whistleblower Liability, and employers and their counsel just have more to think about.

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