Related Practices
|
Covington’s Securities Enforcement Practice has long had market-leading expertise in handling insider trading investigations. Our strength is our deep bench of former high-ranking officials in the Department of Justice and Securities and Exchange Commission, each of whom is well familiar with the government’s approach toward investigating, prosecuting, and resolving insider trading cases.
We have 12 partners in the practice, including the former United States Attorney for the Eastern District of New York, Chief Litigation Counsel for the SEC's Division of Enforcement, District Administrator for the SEC's San Francisco District Office, and Chiefs of the securities fraud units in the U.S. Attorney's Offices in Manhattan and San Francisco. This expert group of partners is complemented by the recent return to the firm of two senior officials at the Justice Department – one of whom served as Deputy Chief of Staff and Counselor to the Attorney General, and the other who served as Deputy Chief of Staff and Counselor to the Assistant Attorney General in charge of the Criminal Division. Because of this breadth and balance of experience, few firms can rival our ability to knowledgeably guide our clients through civil and criminal insider trading investigations.
The firm also has deep industry expertise. Covington represents a broad range of clients in the financial services sector, including securities firms, private equity firms, investment banks, and hedge funds. We provide advice on the full range of legal and regulatory issues that face financial services clients, from anti-money laundering to electronic commerce. As a result, we know the issues, we know the players, and we know how to navigate the complex regulatory and enforcement thicket that surrounds the industry.
Representative Matters
- Represented a former executive of consumer products company in an SEC investigation regarding trading by a relative in advance of the public announcement of a tender offer. We convinced the SEC not to pursue an enforcement action against our client.
- Represented a pharmaceutical executive in an SEC investigation into possible insider trading in offshore trusts. We were able to convince the SEC not to pursue insider trading claims against our client.
- Represented a public energy company and its senior executive in an SEC investigation of possible insider trading. The investigation was closed with no enforcement action.
- Over a multi-year period, we represented a financial institution in multiple internal investigations and SEC, U.S. Attorney's Office and New York Attorney General investigations into potential insider trading and improper disclosures of information by the financial institution's employees.
- Representing an individual in parallel investigations by the U.S. Attorney's Office for the Southern District of New York and the SEC.
- Representing two members of a public company's board of directors in an SEC investigation concerning their sales of stock before a corporate announcement.
- Represented special committees of the boards of Fortune 500 companies in connection with insider trading investigations.
- Represented the former CFO of a major industrial conglomerate in connection with allegations of insider trading before the French Authority of the Financial Markets (“AMF”).
|
|
|
|
|
|
|