July 19, 2018, Covington Alert

Last week, in SEC v. Cohen, a federal district court dismissed an SEC enforcement action, in its entirety, on statute-of-limitations grounds. Most notably, citing the Supreme Court’s 2017 Kokesh decision, the court held that the injunction sought by the SEC in the case "would function at least partly to punish Defendants and is therefore a penalty" for purposes ...

February 23, 2018, Covington Alert

On Wednesday, the Supreme Court issued its much-anticipated decision in Digital Realty Trust, Inc. v. Somers. Ruling 9-0, the Court held that the Dodd-Frank Act prohibits retaliation against whistleblowers only if they reported suspected wrongdoing directly to the SEC.

January 25, 2018, Covington Advisory

Our message this year is simple: FCPA enforcement is here to stay. Despite pre-election statements to the contrary, various senior officials in the U.S. Department of Justice (“DOJ”) and U.S. Securities and Exchange Commission (“SEC”) have, over the past year, consistently reaffirmed DOJ’s and the SEC’s commitment to FCPA enforcement.

June 7, 2017, Covington Alert

On Monday, in Kokesh v. SEC, the Supreme Court handed a major loss to the Securities and Exchange Commission, unanimously holding that SEC claims for disgorgement of ill-gotten gains are subject to a five-year statute of limitations. The Kokesh decision also calls into question the proper measure of disgorgement (e.g., gross versus net profits) and even whether ...

June 7, 2017, Covington Alert

On Monday, in Kokesh v. SEC,1 the Supreme Court handed a major loss to the Securities and Exchange Commission, unanimously holding that SEC claims for disgorgement of ill-gotten gains are subject to a five-year statute of limitations. For decades, the SEC had taken the position that its disgorgement claims could reach back indefinitely, and recently obtained a ...

October 2016, Co-Chair, ACI West Coast Conference on FCPA Enforcement & Compliance

June 1, 2016, Sandpiper Partners LLC

March 28, 2016

SAN FRANCISCO — The Asian Americans Advancing Justice-Asian Law Caucus (ALC) will be recognizing Covington as the 2016 Pro Bono honoree at its 44th Anniversary dinner on May 5th. The firm is being honored for its work on Omar v. Kerry, a case involving Mosed Shaye Omar, a U.S. citizen whose passport was illegally revoked by the U.S. Embassy in Yemen. The ...

August 2015, California Attorneys for Criminal Justice, White Collar Seminar

June 2015, PLI Conference

March 6, 2015

LOS ANGELES, March 6, 2015 — Former federal prosecutor and leading white collar defense lawyer Dan Shallman will join Covington as a partner in the firm’s new Los Angeles office on March 9. Mr. Shallman will head the firm’s Southern California white collar and investigations team while also playing a leading role in the growth of Covington’s LA office. Aaron ...

Winter 2015, Covington Advisory

February 2015, UC Hastings College of the Law

January 21, 2015, Global Investigations Review

Covington & Burling partner Doug Sprague is featured in the article above regarding his move to the firm's San Francisco office.

January 20, 2015

SAN FRANCISCO, January 20, 2015 — Douglas Sprague, former chief of the San Francisco U.S. Attorney’s Office Economic Crimes and Securities Fraud section, has joined Covington & Burling’s litigation group as a partner, further strengthening the firm’s highly regarded white collar practice. He will be resident in Covington’s San Francisco office. Mr. Sprague has ...