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Jun 9, 2023 · by Joseph N. DiStefano. Published Jun. 9, 2023, 3:04 p.m. ET. Ten years after lawyer David Danon says he was fired after reporting illegal tax-avoidance schemes to his supervisors at the Vanguard Group, he and the company have agreed to mediation to try to settle his wrongful termination lawsuit.
- Darkness Then Silence
- No Checks on The System
- Resources and Resentment
Danon, a former in-house tax counsel for the Vanguard Group, makes similar claims in his July petition over the SEC’s lengthy delay in his case. He filed a whistleblower complaint in May 2013, around the time Vanguard fired him over what he claims were his internal complaints over an illegal “slush fund” set up to avoid taxes and harm its investors...
In court documents and interviews, attorneys argue that the agency’s secrecy and inconsistency hurt the program. Maybe some seemingly contradictory denial and award decisions are justified, but because the orders and decisions are all done in secret, there is no way to make sure the awards are impartial, they argue. When cases are appealed, SEC sta...
To be sure, some huge awards have gone to whistleblowers. In September 2021, a client of former SEC senior counsel Rebecca Katz, now at Motley Rice, received $110 million, and another of her clients received $36 million. Clients of former SEC assistant chief litigation counsel Jordan Thomas, who helped create the whistleblower program before going ...
- jholland1@bloombergindustry.com
- Senior Investigative Reporter
Dec 10, 2015 · On Nov. 13, the court concluded the complaint should be dismissed because the court found that David Danon, the whistleblower, had improperly disclosed and used information he obtained while...
Whistleblower David Danon says there's a good reason for Vanguard's growth. Danon alleges that the fund company illegal manipulated transfer pricing to keep costs - and taxes - artificially...
Jul 29, 2022 · Published Jul. 29, 2022, 1:21 p.m. ET. Former Vanguard lawyer David Danon has asked a federal court to speed a Securities and Exchange Commission ruling on his nine-year-old request to be named a whistleblower, so he can try to get paid for sharing data he says cost him his job.
Sep 4, 2014 · The struggle with Vanguard, where he worked for nearly five years as a tax lawyer, is Danon's toughest fight. In a lawsuit made public in July, Danon alleged that Vanguard's tax avoidance...
Apr 14, 2017 · The U.S. Court of Appeals for the Third Circuit remanded former Vanguard in-house counsel David Danon’s lawsuit back to the U.S. District Court for the Eastern District of Pennsylvania on April 12. The appeals court ruled that an issue of fact remains to be determined by the district court concerning Dannon’s claim of retaliatory firing ...
