This Whistle-Blower Got Rich, But Most Don’t

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http://www.latimes.com/business/la-fg-whistle16jun16,1,5986732.story?coll=la-home-leftrail

Last week, Richard Bagley became one of the nation’s wealthiest whistle-blowers when Northrop Grumman Corp. agreed to settle a case he and the Justice Department brought against TRW Inc., and the department awarded him $27.2 million.

But the Los Angeles Times reports that most whistle-blowers never see a dime for their efforts.

Since 1986, when the applicable federal statute was amended to motivate more whistle-blowers, nearly 4,000 cases have been filed, mostly involving defense contractors and medical companies, according to the Justice Department. Of 3,200 cases that have been resolved, settlements were reached in 736, for a success rate of 23%.

Link: http://www.latimes.com/business/la-fg-whistle16jun16,1,5986732.story?coll=la-home-leftrail

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