Litigation Wire - January 2011

Wilson Sonsini Goodrich & Rosati
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In This Issue:

Opening the Floodgates: The Dodd-Frank Whistleblower Provisions’ Impact on Corporate America . . . Page 1, 8-9

Recent Cases Demonstrate Risks of Sharing Online Users’ Data with Third Parties. . . Page 1, 11-12

Client Victories. . . Page 1, 4-7

Small Changes, Big Rewards. . . Page 2

U.S. Supreme Court to Review Standard for Inducing Patent Infringement . . . Page 3

Testifying Experts and Privilege: Newly Amended Rule 26’s Expected Impact on Attorney Work-Product Privilege . . . Page 10

Opening the Floodgates: The Dodd-Frank Whistleblower Provisions’ Impact on Corporate America

During a recent gathering of corporate directors, the whistleblower bounty provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank), Pub.L. 111-203, H.R. 4173 (2010), excited discussion and concern. The corporate world should watch the evolution of this bounty program closely.1 To help set these developments in context, this article provides some background and thoughts about the future.

A Short Summary

Dodd-Frank requires the Securities and Exchange Commission (SEC), in any action in which it levies sanctions in excess of $1 million, to compensate whistleblowers who provide original information with between 10 to 30 percent of the amount of the sanctions.2....

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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