The size of the award, representing about one-sixth of the total $676 million the SEC has doled out under the whistleblower program since its inception in 2012, raised eyebrows across the whistleblower plaintiffs bar Thursday.

"Whatever this was, it had to have been incredibly significant to trigger an award of this caliber," Shayne Stevenson, head of Hagens Berman Sobol Shapiro LLP's whistleblower practice, told Law360 on Thursday. read more »