MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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|
MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Wednesday, September 5, 2007 Courts Says No to Rewarding Putnam Whistle-Blower 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. Printed from: MFWire.com/story.asp?s=15625 Copyright 2007, InvestmentWires, Inc. All Rights Reserved |