Posted Oct 01, 2012 09:46 pm CDT
Attorneys who represent whistleblowers have won some big awards in recent years, as the Obama administration cracked down on corporate fraud.
Now, in an effort to keep their practice growing, they are giving back to the Democratic presidential campaign, reports the New York Times (reg. req.).
As Republican nominee Mitt Romney talks about repealing the Dodd-Frank Act and enacting laws to limit whistleblower awards, plaintiffs’ attorneys have gotten out their checkbooks, the newspaper says.
“The risks are enormous there will be real pullback because of pressure from the industry that has paid billions in penalties,” said John R. Phillips, a top whistleblower attorney who helped raise more than $200,000 for President Obama’s re-election campaign.
In Florida, attorney John Morgan, who has been expanding his plaintiffs personal injury practice to emphasize whistleblower claims, has brought in $1.7 million for Obama’s re-election and the Democratic National Committee, the Times reports.
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