Eucatex has always been popular within the borders of Brazil and in neighboring territories for its innovative range of furniture and flooring products, but Dino.com writes that the arrival of Flavio Maluf as CEO has seen the company reach new levels of success as a global brand. Unlike many major business people Flavio Maluf is not driven solely by the bottom line, but is instead concerned with protecting the environment and helping the people of Sao Paulo live a more comfortable life.
Flavio Maluf has been an important part of the Eucatex family for a number of years after he returned to Brazil from New York in 1987 where he had spent a year learning about the international nature of the city and its business world. The growth of the Eucatex company since the return of Flavio in 1987 coincided with the brand growing to become a major international company through its range of wood based products; the company itself has been in existence since the 1950s, but the use of the latest technology has been growing for the last three decades under the supervision of Flavio.
Flavio Maluf understands the important role he plays in the global economy and also in the lives of the local people of Sao Paulo who work with the company and are affected by the decisions he makes. Maluf has brought security to the lives of the people of Sao Paulo by opening a new state of the art plant in the city where Eucatex creates the majority of its products; not only has Flavio Maluf created jobs in the city, but also provides funding for a number of community based products, including a maternity unit in the city. Flavio also looks to protect the environment and introduced a forestry education program that has become a global leader and yet another success for the historic Eucatex brand.
The Labaton Sucharow law firm created a unit that offers whistleblower representation practice in 2010 and ever since it has been providing legal representation to citizens and foreigners who give information to the Securities and Exchange Commission. This establishment influenced by the creation of the whistleblower protection program that safeguards the informants and offers them a reward for their information. A whistleblower who was represented by the Labaton Sucharow law company was recently given $17 million by the SEC as an incentive of for the useful information that he had offered. This was one of the largest prizes that the commission has ever paid to an informant. According to the whistleblower protection program, 10 to 30 percent of the penalty that the SEC collects is given to the source as an incentive.
The whistleblower’s information greatly assisted the Securities and Exchange Commission in knowing the various fraudulent businesses that were being conducted by one of the top corporations in the sector. The whistleblower protected his identity by using the representation of a Labaton Sucharow attorney. The SEC did not give detailed information about the litigation since it may help the offenders in identifying the whistleblower. The whistleblower representation of the company is led by Mr. Jordan A. Thomas, who is also a senior attorney at the firm. He is highly knowledgeable about federal securities laws since he has held senior positions at the SEC. When he was employed by the commission, he was a major participant in the drafting and enacting of the whistleblower protection laws. Mr. Thomas offered legal representation to the first public company staff to be rewarded by the SEC.
The Securities and Exchange Commission’s program has encouraged the public to provide useful intelligence. They are driven by the lucrative financial reward that is offered and the assurance of having a job after providing the information. The enforcement of the law is supported by the Congress, which created the Investor Protection Fund to ensure that the informants receive their rewards in time. A deposit of $400 million has been saved in the fund account for whistleblower compensation.
Labato Sucharow law company was established about 50 years ago. The firm initially offered legal service to organizational investors, enterprises, and consumers who were caught in securities related litigations. The company was a pioneer in the provision of whistleblower representation services, and it is recognized for offering the best lawyers for complainants.