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Rating:Courts Says No to Rewarding Putnam Whistle-Blower Not Rated 3.0 Email Routing List Email & Route  Print Print
Wednesday, September 05, 2007

Courts Says No to Rewarding Putnam Whistle-Blower

by: Erin Kello

Peter Scannell, who blew the whistle on Putnam in the state and federal market-timing probes that eventually cost Putnam $193.5 million, will not see a penny of that money. The Boston Globe reports that Scannell has been seeking a payout under Massachusetts', False Claims Act, which encourages whistle blowers to step forward. A appeals panel decided that Scannell did not file a lawsuit at the time as required by the act. 

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