Corporate Defense and Disputes

Important developments in U.S. securities law, white collar criminal defense, regulatory enforcement and other emerging issues impacting financial services institutions, publicly traded companies and private investment funds

Steven J. Pearlman

Steven J. Pearlman

Partner

Steven Pearlman is a partner in the Labor & Employment Law Department and co-head of the firm's Whistleblowing & Retaliation Group. Steven’s practice focuses on defending complex employment litigation involving claims of discrimination, harassment and retaliation; wage-and-hour laws; breach of employment contract; and restrictive covenants (e.g., non-competition agreements). Steven is also at the forefront of defending whistleblower retaliation claims, and routinely conducts investigations arising from whistleblower reports. He has successfully testified in defense of his investigations in federal court. In addition, he has successfully tried cases to verdict in Illinois, Florida and California, and defended what is reported to be the largest Illinois-only class action in the history of the U.S. District Court for the Northern District of Illinois.

Steven is recognized for his accomplishments and thought leadership in the field of labor and employment law. He was one of just two lawyers named to the Ethisphere "Attorneys Who Matter" list in the area of labor and employment, one of five U.S. lawyers selected by Law 360 as a "Rising Star Under 40" in the area of employment law and one of "40 Illinois Attorneys Under Forty to Watch" selected by Law Bulletin Publishing Company from a field of 1,200 nominees. He has also been named as an Illinois Super Lawyer and recognized by The U.S. Legal 500. Also, Steve is a 2014 Burton Award Winner for "Distinguished Legal Writing."  Steven was also named to the Law 360 Employment Editorial Advisory Board (2014 and 2015).

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Whistleblower’s Multi-Million Dollar Award Affirmed by Illinois Appellate Court

A jury verdict awarding more than $3 million to Plaintiff James Crowley (Plaintiff) on his whistleblower retaliation claim under the Illinois State Official and Employee Ethics Act (Ethics Act) (5 ILCS § 430/15-5, et seq.) Crowley v. Watson, No. 1-14-2847 (Mar. 2, 2016) was upheld by an Illinois Appellate court on March 2, 2016. To read our … Continue Reading

Top 10 Whistleblowing And Retaliation Events Of 2015

In 2015, we saw high-profile whistleblower litigation around the country under a variety of statutes (such as SOX and Dodd-Frank) that yielded decisions expanding the scope of protected activity and even limiting defenses to causation. We also saw significant activity from the U.S. Securities and Exchange Commission’s Office of the Whistleblower that caused employers to revisit … Continue Reading

ARB Rules That Secret Recording of Workplace Conversations Can Be Protected Whistleblowing Activity

On September 28, 2015, the U.S. Department of Labor Administrative Review Board (“ARB”) held that the recording of workplace conversations can be protected whistleblower activity under the Energy Reorganization Act of 1974 (“ERA”).  Franchini v. Argonne National Laboratory, ARB Case No. 13-081 (Sep. 28, 2015).… Continue Reading

Second Circuit: Dodd-Frank Protects Internal Whistleblowers

Today, the Second Circuit issued its highly anticipated decision in Berman v. Neo@Ogilvy, ruling (in a 2-1 decision) that Dodd-Frank’s whistleblower protection provision applies to internal complaints (i.e., complaints that are made by employees within the company and not to the SEC).  This creates a circuit split; it is directly at odds with the Fifth Circuit’s … Continue Reading

SEC Awards Compliance Officer Whistleblower Bounty of Approximately $1.5 Million

Earlier today, the SEC announced that it would pay an unidentified compliance officer a whistleblower bounty award of between $1.4 and $1.6 million.   This is the second award that the SEC has made to a whistleblower with internal audit or compliance responsibilities.  According to the SEC, the recipient of the bounty award “had a reasonable … Continue Reading

SEC’s Limit on Retroactivity of Dodd-Frank Whistleblower Bounty Awards Is Reasonable, Second Circuit Holds

The Second Circuit Court of Appeals recently deferred to the SEC’s determination that a tipster who provided information to the Commission before July 21, 2010, the effective date of the Dodd-Frank Act, is not eligible to receive a whistleblower bounty payment.   Stryker v. SEC, Case No. 13-4404-ag (2d Cir. Mar. 11, 2015).… Continue Reading

First SEC Whistleblower Award To Former Company Officer

On March 2, 2015, the SEC announced  an expected award of $475,000 to $575,000 to a former company officer “who reported original, high-quality information about a securities fraud that resulted in an SEC enforcement action with sanctions exceeding $1 million.”  The officer reported information to the SEC more than 120 days after other responsible compliance personnel … Continue Reading

Court Follows 5th Circuit Asadi Decision, Dismisses Dodd-Frank Whistleblower Claim

Guest Post from Proskauer’s Whistleblower Defense Blog. Written By Steven J. Pearlman, Lloyd Chinn, Harris Mufson and Noa Baddish on November 12, 2014 The U.S. District Court for the Eastern District of Wisconsin in Verfuerth v. Orion Energy Systems, Inc., No. 14-cv-352 (E.D. Wis. Nov. 4, 2014) recently ruled that the Dodd-Frank whistleblower protection provision … Continue Reading

Study: Does The Existence Of Whistleblowers In Enforcement Actions Mean Greater Penalties?

Guest Post from Proskauer’s Whistleblower Defense Blog Written By Steven J. Pearlman and Rachel Fischer on November 5, 2014 According to an academic study published on October 6, 2014 by Andrew C. Hall, Gerald S. Martin, Nathan Y. Sharp, and Jaron H. Wilde, the presence of whistleblowers may have a meaningful impact on the outcomes of … Continue Reading
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