News

Hagens Berman’s Managing Partner Steve Berman and Head of Whistleblower Practice Shayne Stevenson are routinely featured in national media stories and legal conferences regarding whistleblower cases and fraud litigation. Some of our whistleblower cases have become public and can be found here. Hagens Berman always protects anonymity for whistleblowers wishing to remain unknown.For media inquiries and interviews, contact Ashley Klann by emailing ashleyk@hbsslaw.comor by calling 206-268-9363.

WSJ: BATS to Pay $14 Million to Settle Direct Edge Order-Type Case

Today, the Securities and Exchange Commission finalized a record $14 million fine in light of information from Hagens Berman’s whistleblower client, Haim Bodek, accusing Direct Edge and BATS Global Trading of failing to accurately and completely disclose how order types functioned on its exchanges and for selectively providing such information …

Continue reading

Hagens Berman’s SEC Whistleblower Client Haim Bodek’s Complaint Against High-Frequency Trading and Financial Exchange Abuse Results in Largest Ever Penalty Against a Financial Exchange

Settlement marks biggest fine ever levied against an exchange – $14 million RELATED DOCUMENTS: SEC Order SEATTLE – The U.S. Securities and Exchange Commission today announced that two exchanges formerly owned by Direct Edge Holdings (and since acquired by Bats Global Markets, the second-largest financial exchange in the country) have …

Continue reading

United States Files Suit Against Air Ideal and its Owner for Allegedly Submitting False Claims Under Historically Underutilized Business Zone Program

Financial fraud violates the False Claims Act. Qualification for government assistance, whether under the FHA mortgage program or the Small Business Administration, is conditioned upon truthful statements establishing bona fide qualification for the program in question. False statements made to secure SBA assistance violate the False Claims Act. Whistleblowers aware …

Continue reading