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Former SEC Chief Litigation Counsel David Kornblau Joins Covington

5/18/2009

NEW YORK, NY, May 18, 2009 — Covington & Burling LLP is pleased to announce that David Kornblau, former Chief Litigation Counsel for the Securities and Exchange Commission’s Division of Enforcement, has joined the firm as a partner. He will be a member of Covington’s white collar and securities enforcement and litigation practices, and will be resident in the firm’s New York office.

As Chief Litigation Counsel from 2000 to 2005, Mr. Kornblau led the Division of Enforcement’s nationwide litigation practice during a period of large scale corporate investigations and heightened enforcement activity, including cases against Enron, WorldCom, Arthur Andersen, Wall Street research analysts, KPMG, Ernst & Young, and mutual fund companies. Prior to serving as Chief Litigation Counsel, Mr. Kornblau litigated and tried numerous enforcement actions in federal district court and before SEC Administrative Law Judges during his five year service as an SEC trial attorney. His cases involved a wide variety of enforcement matters, including financial fraud, insider trading, hedge funds, market manipulation, municipal securities, broker misconduct, registration violations, and offering fraud. Since 2005, Mr. Kornblau served as head of global regulatory affairs at Merrill Lynch, where he oversaw the firm’s responses to regulatory investigations by the SEC, DOJ, FINRA, New York Attorney General’s Office, and other federal, state and foreign regulators relating to all of the firm’s business areas.

“David Kornblau brings a wealth of expertise from his years of service and leadership role at the SEC, where he set litigation policy for more than 100 trial attorneys in all 12 SEC offices across the country, as well as from his most recent position at Merrill Lynch,” said Timothy Hester, chair of Covington’s management committee. “David’s strong relationships with senior SEC and FINRA officials, and his experience handling every type of enforcement issue -- from insider trading to internet fraud to accounting scandals to mutual funds -- will be a significant asset to our clients.”

“I was attracted by the extraordinary quality of Covington’s attorneys, the firm’s dedication to excellence, and the sophistication of its clients,“ Mr. Kornblau said. “I look forward to working with the firm’s superb securities enforcement and white collar defense practitioners.”

Mr. Kornblau clerked for Judge Charles M. Merrill on the U.S. Court of Appeals for the Ninth Circuit in San Francisco. He received his undergraduate degree in physics from Princeton and his J.D. from Harvard Law School, where he served on the board of editors for the Harvard Law Review. Prior to joining the SEC, he was a litigator in private practice in New York.

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