Appeals Court Asked to Unseal Opinion Tied to Block’s SEC Award

A federal appeals court has been asked by Bloomberg Law to reverse its highly unusual order to permanently seal its opinion that denied a whistleblower’s claim for half of a $14 million SEC award.

The US Court of Appeals for the Third Circuit provided no reasoning for sealing its March opinion in the case of Jamie Doe v. SEC, or for denying Doe’s claim. Doe filed an appeal last year alleging that that the Securities and Exchange Commission improperly denied his claim while giving activist investor Carson Block the full $14 million award in 2022.

The SEC whistleblower program provides ...