Financial Institutions Investigations

White Collar Defense & Investigations    Financial Institutions Investigations
 

White Collar Defense & Investigations

Related Practices

Related Industries


For more than 20 years, our firm's financial institutions group has been at the forefront in representing both financial institutions and their officers and directors in connection with a broad range of enforcement matters, including anti-money laundering investigations (dating back to the representation of the former Bank of Boston, now part of Bank of America, in the first major anti-money laundering investigation in the mid-1980s), control issues (dating back to the representation of the former First American Bank in the BCCI scandal), fair lending cases (dating back to the representation of the former First National Bank of Vicksburg in one of the early lending discrimination cases), and insider lending, accounting and other safety and soundness matters.

Representative Matters

  • Represented Freddie Mac in enforcement inquiries initiated by its federal financial regulator (OFHEO) and SEC (and in related civil litigation) in connection with $5 billion restatement of its financial statements, including negotiation and entry of $125 million civil money penalty and two consent orders with OFHEO.
  • Representation of the former CEO of IndyMac in an SEC federal court action challenging the adequacy of the bank's financial crisis disclosures.
  • Represented two former national bank officers in formal investigations before OCC regarding loan underwriting and related safety and soundness issues.
  • Represented a national bank in negotiation and entry of consent order with OCC regarding capital adequacy, management, consumer compliance, lending policies, and other safety and soundness issues.
  • Represented a thrift institution in resolving, without formal action being taken, OTS investigation regarding alleged misrepresentations and compliance with the institution's business plan.
  • Represented Coast-To-Coast Financial Corporation in government inquiries and civil litigation regarding the failure of its subsidiary, Superior Bank, fsb, the largest bank failure in recent years.

Print PDF Word Version Print this page

Biographies

Contacts

jveta@cov.com
202.662.5294

sstock@cov.com
202.662.5384

mplotkin@cov.com
202.662.5656