JPMorgan case: Two whistleblowers awarded $50 million for aiding SEC

Labaton Sucharow, a law firm that represents one of the whistleblowers, disclosed the link to the JPMorgan case after the SEC's announcement.

The US Securities and Exchange Commission agreed to pay a total of $50 million to a pair of whistleblowers who provided information that helped the agency win a $267 million settlement with JPMorgan Chase & Co. over claims that the bank failed to inform wealthy clients of conflicts of interest in managing their money.
 

One of the informants will get $37 million, the third-biggest payout in the history of the SEC’s whistleblower program, the agency said in a statement Tuesday. The SEC didn’t name the company involved or the people getting the awards, citing federal law that protects confidentiality.

Labaton Sucharow,