Carol Gillam Speaks at National Conference in Atlanta


Carol Gillam spoke at the Annual Conference of the National Employment Lawyers Association held in Atlanta, GA. Her topic was "Feedback Blowback: How We Use or Abuse the Feedback Loop”. 

Using the latest findings in psychology and other fields, Carol demonstrated ways to coach clients and teach lawyers themselves how to receive feedback in a positive way.

Carol Gillam Named to 2016 Best Lawyers in America List


Celebrating inclusion on the Best Lawyers list for the second year in a row, Carol Gillam has been included among the 2016 Best Lawyers of America list, an esteemed list celebrating only the top 3% of the Bar.

Carol was selected for inclusion in the practice area of Employment Law - Individuals, acknowledging the excellence Carol demonstrates in her practice of law and as a top employment attorney. 

About Best Lawyers

Best Lawyers© is the most trusted and respected peer-review publication in the legal profession. The distinguished list is widely regarded by both clients and legal professionals as a significant honor, awarded to a lawyer by his or her peers.

Since it was first published, Best Lawyers® has become universally regarded as the definitive guide to legal excellence. Lawyers are not required or allowed to pay a fee to be listed; therefore inclusion in Best Lawyers is considered a singular honor. Corporate Counsel magazine has called Best Lawyers "the most respected referral list of attorneys in practice".

Rankings are based on a peer-review survey in which more than 50,000 leading attorneys submit more than 5.5 million detailed evaluations of lawyers submitted by other lawyers that are carefully analyzed. 



An internal auditor fired by BOFI Federal Bank after his whistleblowing on unlawful activities at the Bank has filed a federal lawsuit in San Diego, California.

Charles Matthew (“Matt”) Erhart alleges he was threatened, harassed and fired when he brought up illegal activities at the Bank to management and to federal regulators. He seeks relief under the Sarbanes-Oxley Act of 2002, the Dodd-Frank Act of 2010, and a variety of California state statutes and common law claims.

BOFI boasts on its website ( that its performance has it ranked #1 in the country among the largest public thrifts. Its assets exceed $5.8 billion. BOFI stock recently reached an all-time high of $143.92 per share (NASDAQ symbol: BOFI). The lawsuit alleges that BOFI’s valuation is based, at least in part, upon inaccurate information being supplied by the Bank to the public and the regulators.             

The complaint recites numerous instances of wrongdoing uncovered by Mr. Erhart and brought to BOFI management’s attention. It includes allegations of:

- altered and suppressed reports to federal regulators

Ÿ- the existence of a host of loans to criminals and foreign nationals listed as Politically Exposed Persons under the Bank Secrecy Act

Ÿ- more than 150 accounts with no Tax Identification Numbers, while the Bank told regulators it had none

Ÿ - numerous grand jury and criminal subpoenas, while the Bank told regulators it had none

Ÿ - a statement by a senior manager of the Bank that he could not vouch for the accuracy of the Bank’s financials after they were sent to the Chief Financial Officer, Andrew Micheletti

Ÿ - punishment of Mr. Erhart for putting in writing that the Bank violated California law in secretly recording phone calls to lottery winners and recipients of structured settlements

Ÿ - the sudden resignation of the head of Internal Audit (Mr. Erhart’s supervisor) for refusing to engage in illegal activities

Ÿ - high levels of deposit concentration not properly disclosed

Ÿ - suppression and doctoring of a list of high-risk customers with cash cards requested by regulators

Ÿ - a threat to Mr. Erhart by a Senior Vice President that if he “continues to turn over rocks, eventually he’s going to find a snake and he’s going to get bit”

Ÿ - a threat to have Mr. Erhart arrested by San Diego police for disclosing the violations of law to federal regulators

Ÿ - the Bank’s CEO, Gregory Garrabrants, telling Bank employees that he intended to “bury the BOFI whistleblower”


Mr. Erhart’s attorney, Los Angeles-based Carol Gillam, stated, “As a former federal prosecutor and long time employment lawyer, I find the Bank’s conduct as alleged here to be among the most egregious I have seen from a publicly traded company. I intend to fully vindicate Mr. Erhart’s rights, while federal law enforcement agencies continue their investigations as well.”

The case is assigned to Judge Cynthia Bashant and the case number is 3:15-cv-2287-BAS-NLS. 

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The Daily Journal, the official legal newspaper of California, has named Carol Gillam to its coveted 2015 list of the Top 75 Labor and Employment Lawyers in California. The list includes public officials and private attorneys alike. This marks the 5th straight year that Carol has made the list. Selection does not depend on a body of work, but on important results achieved in the preceding year. A reception honoring those named is being held at the Montage Hotel in Beverly Hills June 2, 2015. 


Carol Gillam Presents on Class Actions at National Conference



Carol spoke at the American Bar Association Annual Labor and Employment Law Conference on the hot topic issue of the validity of class action waivers in employment and consumer arbitration agreements. The seminar was held November 8th, 2014 at the J.W. Marriott in downtown Los Angeles.

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