JEREMY GOLDSTEIN HOLDS CHARITY DINNER FOR FOUNTAIN HOUSE

10 years ago, Jeremy Goldstein observed that there were many conflicts in matters of executive compensation. This observation led him to form the Jeremy L. Goldstein & Associates firm together with a few other partners. The law firm helps businesses, compensation committees and Chief Executive Officers in matters to do with executive compensation and corporate governance.

 

Jeremy Goldstein got his J.D from the law school in the New York University, an M.A from the University of Chicago and a B.A with distinction in all subjects from the University of Cornell. He is one of the best attorneys in executive compensation matters in the US due to his vast experience. He has worked in some of the largest corporate deals of the last decade such as the acquisition of Goodrich by United Technologies. Jeremy is the chair of the American Bar Association for the Mergers and Acquisition Sub-committee.

 

On May 22, 2018, Jeremy Goldstein held a lavish dinner in support of Fountain House. Fountain House is a charity organization that helps individuals with mental illnesses recover. Fountain House was founded by six individuals who met at Rockland State Hospital in 1944 when seeking treatment. The group was initially known as ‘We are not alone’ to denote the loneliness that most people with mental illnesses have.

 

In 1948, this small group bought a building in New York with the help of supporters. This clubhouse became their permanent house. The house has a fountain in the garden hence the name Fountain House. Fountain House has developed a model that has worked for over seventy years and has helped millions of people. Jeremy Goldstein is a member of the Board of Directors at Fountain House since 2010.

Fountain House gives individuals with mental illnesses an opportunity to live, work and contribute to the community and feel like any other person in the community. They have programs in mental health for the community throughout the New York. They also research programs to help individuals with mental illnesses recover and teach this innovative model to the local and international community.

 

The Fountain House Model has been very successful and has raised the standards of living for people living with mental illnesses. On average, individuals supported by Fountain House have a 77% school completion rate as compared to 32% of those who are not enrolled with the program. They are also re-hospitalized at 10% compared to 50% of those in the general population. They are also able to provide housing to 99% of the enrolled mental illness individuals.

 

Fountain House model is successful because of involving the community and has served over 100,000 individuals globally. The model provides employment opportunity to its members who build their self-esteem and dignity. These members improve their quality of life and contribute to the community. They also apply for jobs in other organizations with the help of Fountain House.

 

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The Importance of SEC Whistleblowers

SEC Whistleblowers came to be when in 2010, Congress had enacted the Dodd-Frank Wall Street Reform along with the Consumer Protection Act, and has been the most sweeping overhaul within the U.S. financial regulation since the Great Depression. Within these important reforms, the new whistleblower program was established by the Dodd-Frank Act, the whistleblower program provided significant employment protections and financial incentives to the individuals that report possible violations to the federal securities laws in the Securities and Exchange Commission. In response to the historic legislation, Labaton Sucharow is the first law firm in the country that established the practice that exclusively focused on advocating and protecting for the SEC Whistleblowers. In building on the firm’s market-leading securities litigation, the SEC Whistleblower lawyers have leveraged on financial analysts, a world-class in-house team of investigators, and forensic accountants with state and federal law enforcement experience that helps to provide for the unparalleled representation of whistleblowers. Jordan A. Thomas, who is the former Assistant Chief Litigation Counsel and Assistant Director for the division of enforcement for the SEC. While with the SEC, Jordan has played a leadership role within the development in the Whistleblower Program, which included the final implementing rules and drafting the proposed legislation. In the rules of the program, it is required that the SEC pays for eligible whistleblowers 10 to 30 percent of monetary sanctions that are collected in result of successful SEC enforcement actionsor actions that have sanctions that exceed $1 million.

On June 9th, the securities and exchange commission that more than $17 million was awarded to a former company employee who had a detailed tip that substantially advanced in the agency’s investigation and ultimate enforcement action. This is the second-largest award that has been issued by the SEC since it began the whistleblower program nearly five years ago. The SEC had issued an award of $30 million in September of 2014, and in October of 2013, there was an award of $14 million. In addition to the $17 million awarded, 32 tipsters have been awarded through the agency with more than $85 million in that time. The Whistleblowers are eligible to receive an award if they have voluntarily provided the SEC with information that is unique and will lead to successful enforcement actions. The identity of the whistleblower has always remained anonymous for his or her safety.