Our White Collar & Regulatory Defense group has unparalleled experience and expertise, and is among the most respected and successful in the United States. We regularly defend Fortune 500 companies and their executives and boards before every major federal and state regulatory enforcement authority and in courtrooms nationwide. We excel at developing creative and successful strategies for responding to and, where possible, preventing government investigations and enforcement proceedings.
Richard Tarlowe to Participate in PLI Seminar on Internal Investigations
Litigation partner Richard Tarlowe will speak on a panel at the Practising Law Institute program, “Internal Investigations 2018.” Richard’s panel, “Commencing the Internal Investigation: Considerations at the Outset,” will discuss how to deal with allegations by a whistleblower, labor and employment issues, when an investigation is warranted, and how to manage the costs of an investigation, among other topics. The event will take place on June 22 in New York.
Events & Publications
Update: Mitigating Securities Litigation Risks Related to the Coronavirus
- Mar 31, 2020
- Publications
Update: Mitigating Securities Litigation Risks Related to the Coronavirus
As an update to our earlier alert, “Mitigating Securities Litigation Risks Related to the Coronavirus,” we look at key takeaways from the first two securities fraud class action filings related to COVID-19 disclosures and outline…
White-Collar Enforcement Priorities in the Wake of COVID-19
- Mar 31, 2020
- Publications
White-Collar Enforcement Priorities in the Wake of COVID-19
The DOJ and SEC have signaled an intention to focus on misconduct related specifically to the coronavirus, at least temporarily. Combined with ongoing practical limitations, that focus has slowed down traditional white-collar…
SEC Enforcement Co-Directors Issue Statement on Potential Insider Trading and Selective Disclosure Risks Related to COVID-19
- Mar 25, 2020
- Publications
SEC Enforcement Co-Directors Issue Statement on Potential Insider Trading and Selective Disclosure Risks Related to COVID-19
On March 23, SEC Division of Enforcement Co-Directors Stephanie Avakian and Steven Peikin issued a statement concerning “market integrity” in light of the unprecedented impacts of the COVID-19 pandemic.
FinCEN Imposes Its First Penalty on a Bank Compliance Officer for $450,000 for Failing to Prevent AML Violations
- Mar 09, 2020
- Publications
FinCEN Imposes Its First Penalty on a Bank Compliance Officer for $450,000 for Failing to Prevent AML Violations
On March 4, 2020, the Treasury Department’s Financial Crimes Enforcement Network (“FinCEN”) issued a consent order assessing a $450,000 civil money penalty against Michael LaFontaine, a former Chief Operational Risk Officer at U.S.…
What Does New York’s Declaration of a State of Emergency Mean for Business?
- Mar 09, 2020
- Publications
What Does New York’s Declaration of a State of Emergency Mean for Business?
New York recently declared a state of emergency in response to the spread of the coronavirus. Companies operating in New York should be mindful of how their business operations and obligations may be affected.
Mitigating Securities Litigation Risks Related to the Coronavirus
- Mar 05, 2020
- Publications
Mitigating Securities Litigation Risks Related to the Coronavirus
The spread of coronavirus has disrupted global businesses and triggered severe U.S. stock market declines. These events raise the risk that shareholders will convert these stock drops into litigation. We address the securities…
Supreme Court to Decide Constitutionality of CFPB
- Mar 02, 2020
- Publications
Supreme Court to Decide Constitutionality of CFPB
On March 3, 2020, the U.S. Supreme Court will hear oral argument to determine the constitutionality of the Consumer Financial Protection Bureau. Created by Congress as part of the Dodd-Frank Act, the CFPB is a multi-member,…
Wells Fargo Reaches Resolutions with DOJ and SEC for $3 Billion, Agrees to a Deferred Prosecution Agreement
- Feb 24, 2020
- Publications
Wells Fargo Reaches Resolutions with DOJ and SEC for $3 Billion, Agrees to a Deferred Prosecution Agreement
On February 21, 2020, Wells Fargo & Company and its subsidiary, Wells Fargo Bank, N.A. (collectively, “Wells Fargo”), entered into resolutions with the Department of Justice (“DOJ”) and the Securities and Exchange Commission (the…
Second Circuit Review: Personal Benefit in Title 18 Insider Trading Cases
- Jan 29, 2020
- Publications
Second Circuit Review: Personal Benefit in Title 18 Insider Trading Cases
Litigation of counsel Martin Flumenbaum and firm chairman Brad Karp’s latest Second Circuit Review column, “Personal Benefit in Title 18 Insider Trading Cases,” appeared in the January 29 issue of the New York Law Journal.
FCPA Enforcement and Anti-Corruption Developments - 2019 Year in Review
- Jan 24, 2020
- Publications
FCPA Enforcement and Anti-Corruption Developments - 2019 Year in Review
In this annual review, we reflect on the most significant anti-corruption and FCPA enforcement and policy trends of 2019 and share our insights on developing U.S. and global anti-corruption efforts in 2020.
Global Regulators Press Market Participants to Prepare Now for LIBOR Transition
- Jan 22, 2020
- Publications
Global Regulators Press Market Participants to Prepare Now for LIBOR Transition
It is widely expected that within two years, by the end of 2021, the London Interbank Offered Rate (“LIBOR”) will no longer be published by LIBOR panel banks. Recognizing the potential impact LIBOR’s cessation could have on lenders,…
OFAC Enforcement Action against U.S. Aviation Company Shows the Importance of Ongoing Monitoring over the Course of a Contractual Relationship
- Dec 09, 2019
- Publications
OFAC Enforcement Action against U.S. Aviation Company Shows the Importance of Ongoing Monitoring over the Course of a Contractual Relationship
In a recent settlement agreement, OFAC faulted a U.S. aviation company for failing to monitor or otherwise verify the actual location of leased aircraft engines over the life of the leases.
Ariel Deckelbaum, Roberto Gonzalez and Jeannie Rhee to Participate in DirectorCorps Conference
- Dec 03, 2019
- Events
Ariel Deckelbaum, Roberto Gonzalez and Jeannie Rhee to Participate in DirectorCorps Conference
Corporate partner Ariel Deckelbaum and Litigation partners Roberto Gonzalez and Jeannie Rhee will participate in “Avoiding the Corporate Crisis,” a conference hosted by DirectorCorps and Nasdaq.
Supreme Court to Consider if the SEC May Collect Disgorgement in Civil Enforcement Proceedings
- Nov 04, 2019
- Publications
Supreme Court to Consider if the SEC May Collect Disgorgement in Civil Enforcement Proceedings
On November 1, 2019, the Supreme Court granted certiorari in Liu v. Securities and Exchange Commission, No. 18-1501, to review the question of whether the Securities and Exchange Commission (“SEC”) may obtain disgorgement from a court …
Secretary Jeh Johnson to Participate in Upcoming Debate Against Judges McMahon and Kaplan at the Cambridge Union in England
- Nov 14, 2019
- Events
Secretary Jeh Johnson to Participate in Upcoming Debate Against Judges McMahon and Kaplan at the Cambridge Union in England
On November 14, litigation partner Jeh Johnson will be named an honorary lifetime member of the Cambridge Union debate society in England.
DOJ Announces Guidance for “Inability-to-Pay” Claims
- Oct 10, 2019
- Publications
DOJ Announces Guidance for “Inability-to-Pay” Claims
On October 8, 2019, the Criminal Division of the U.S. Department of Justice released guidance on how federal prosecutors should evaluate claims that corporations are unable to pay a proposed fine or monetary penalty.
Harris Fischman to Participate in PLI Panel on Insider Trading Law
- Oct 30, 2019
- Events
Harris Fischman to Participate in PLI Panel on Insider Trading Law
Litigation partner Harris Fischman will speak on a panel at the Practising Law Institute’s upcoming program, “Insider Trading Law 2019.”
CFTC Fines Phillip Capital for Failure to Prevent a Cyber Attack That Resulted in the Theft of Customer Funds
- Sep 23, 2019
- Publications
CFTC Fines Phillip Capital for Failure to Prevent a Cyber Attack That Resulted in the Theft of Customer Funds
On September 12, 2019, the Commodity Futures Trading Commission (“CFTC”) issued a consent order against Phillip Capital, Inc. (“Phillip”), a Chicago-based Futures Commission Merchant, requiring payment of a $500,000 penalty and $1…
OFAC Reaches Settlement Agreement with U.K. Bank for Complex Payment Structures Used to Circumvent U.S. Sanctions
- Sep 19, 2019
- Publications
OFAC Reaches Settlement Agreement with U.K. Bank for Complex Payment Structures Used to Circumvent U.S. Sanctions
On September 17, 2019, the U.S. Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) announced a $4,000,000 settlement agreement with the British Arab Commercial Bank plc (“BACB”), a commercial bank located in the…
Google and YouTube Pay Record $170 Million Fine for Allegedly Violating Children’s Privacy Law in Settlement with the FTC and the New York Attorney General
- Sep 09, 2019
- Publications
Google and YouTube Pay Record $170 Million Fine for Allegedly Violating Children’s Privacy Law in Settlement with the FTC and the New York Attorney General
On September 4, 2019, the Federal Trade Commission (the “FTC”) and the New York Attorney General’s Office (the “NYAG”) reached a record $170 million settlement with Google and YouTube for alleged violations of the Children’s Online…
New York Governor Signs Data Security Law
- Jul 31, 2019
- Publications
New York Governor Signs Data Security Law
On July 25, 2019, New York Governor Andrew M. Cuomo signed into law a new data security law, the Stop Hacks and Improve Electronic Data Security (“SHIELD”) Act.
FCPA Enforcement and Anti-Corruption Developments: 2019 Mid-Year Review
- Jul 18, 2019
- Publications
FCPA Enforcement and Anti-Corruption Developments: 2019 Mid-Year Review
Robust FCPA enforcement activity continued in the first half of 2019. The DOJ and the SEC—resolving four and five corporate enforcement actions, respectively—assessed a combined total of $1.5 billion in corporate penalties, of which…
Jeannie Rhee Joins Paul, Weiss From the Mueller Special Counsel's Office
- Jun 21, 2019
- Firm News
Jeannie Rhee Joins Paul, Weiss From the Mueller Special Counsel's Office
Jeannie Rhee, a former U.S. Deputy Assistant Attorney General, is joining the firm as a partner in the Litigation Department.
Former U.S. Attorney General Loretta Lynch Joins Paul, Weiss
- May 28, 2019
- Firm News
Former U.S. Attorney General Loretta Lynch Joins Paul, Weiss
Loretta Lynch, the Attorney General of the United States from 2015 to 2017, has joined the firm as a partner in the Litigation Department.
DOJ Updated Guidance for Evaluating Corporate Compliance Programs Focuses on Effectiveness
- May 06, 2019
- Publications
DOJ Updated Guidance for Evaluating Corporate Compliance Programs Focuses on Effectiveness
On April 30, 2019, the Criminal Division of the U.S. Department of Justice released updated guidance on how prosecutors evaluate the effectiveness of corporate compliance programs.
Alex Oh Participates in Webinar on Financial Crime Enforcement in Asia
- Apr 16, 2019
- Events
Alex Oh Participates in Webinar on Financial Crime Enforcement in Asia
Litigation partner Alex Oh spoke at the D.C. Bar Criminal Law and Individual Rights Community’s webinar “White-Collar Crime Series: Financial Crime Enforcement in Asia.”
Alex Oh to Participate in D.C. Bar Communities Program
- Apr 16, 2019
- Events
Alex Oh to Participate in D.C. Bar Communities Program
Litigation partner Alex Oh will speak at the D.C. Bar Communities Program, “White Collar Crime Series: Financial Enforcement in Asia,” presented by the Criminal Law and Individual Rights Community.
Economic Sanctions and Anti-Money Laundering Developments: 2018 Year in Review
- Feb 05, 2019
- Publications
Economic Sanctions and Anti-Money Laundering Developments: 2018 Year in Review
This memo surveys economic sanctions and AML developments and trends in 2018 and provides an outlook for the year ahead. We also provide some thoughts concerning compliance and risk mitigation in this challenging environment.
Lorin Reisner and Liza Velazquez to Participate in Trade Secrets Conference
- Feb 26, 2019
- Events
Lorin Reisner and Liza Velazquez to Participate in Trade Secrets Conference
Litigation partners Lorin Reisner and Liza Velazquez will be featured participants in an upcoming conference on trade secrets protection, enforcement and litigation, in view of the increasing number of DTSA (Defend Trade Secrets Act) …
FCPA Enforcement and Anti-Corruption Developments: 2018 Year in Review
- Jan 17, 2019
- Publications
FCPA Enforcement and Anti-Corruption Developments: 2018 Year in Review
In this memo, we offer reflections on the year’s most significant developments in anti-corruption and FCPA enforcement and policy.
Harris Fischman Speaks at Northwestern Pritzker School of Law’s Alumni Fireside Chat
- Jan 16, 2019
- Events
Harris Fischman Speaks at Northwestern Pritzker School of Law’s Alumni Fireside Chat
Litigation partner Harris Fischman delivered an Alumni Fireside Chat at Northwestern Pritzker School of Law.
Ted Wells to Speak at NYC Bar’s CLE Program
- Jan 16, 2019
- Events
Ted Wells to Speak at NYC Bar’s CLE Program
Litigation department co-chair Ted Wells will speak at the New York City Bar’s CLE program, “Giants of the Criminal Bar Trial: Winning Strategies.”
Paul, Weiss Announces Election of New Partners
- Dec 07, 2018
- Firm News
Paul, Weiss Announces Election of New Partners
Paul, Weiss is pleased to announce that the following attorneys have been elected to the partnership, effective January 1, 2019: Justin Anderson, Robert Britton, David Carmona, Harris Fischman, Christopher D. Frey, Matthew B.…
DOJ Announces New Standards for Corporate Cooperation
- Dec 05, 2018
- Publications
DOJ Announces New Standards for Corporate Cooperation
The Department of Justice announced last week significant changes to its policies for granting corporations credit for cooperating with criminal investigations.
Preparing for an Uptick in Congressional Investigations of Corporations
- Dec 03, 2018
- Publications
Preparing for an Uptick in Congressional Investigations of Corporations
Beginning next month, Democrats will control the House of Representatives for the first time since 2010. Given the pent-up demand for House Democrats to make robust use of their oversight and investigative authorities, the current…
Lorin Reisner to Participate in PLI Pocket MBA Program
- Nov 20, 2018
- Events
Lorin Reisner to Participate in PLI Pocket MBA Program
Lorin Reisner will speak on a panel at the Practising Law Institute’s 2018 Pocket MBA for Lawyers and Other Professionals. Lorin’s panel, “Regulatory and Legal Compliance in International Business and Trade,” will address regulatory…
Lorin Reisner Speaks at Securities Enforcement Forum
- Nov 01, 2018
- Events
Lorin Reisner Speaks at Securities Enforcement Forum
Lorin Reisner moderated a panel at The Securities Enforcement Forum in Washington, D.C. on November 1.
Audra Soloway and Jennifer H. Wu to Moderate Panels at “Women in Litigation Forum”
- Oct 18, 2018
- Events
Audra Soloway and Jennifer H. Wu to Moderate Panels at “Women in Litigation Forum”
Litigation partners Audra Soloway and Jennifer H. Wu will both moderate panels at Benchmark Litigation’s “Women in Litigation Forum.”
Brad Karp Featured in LEADERS Magazine
- Oct 10, 2018
- Publications
Brad Karp Featured in LEADERS Magazine
Firm chairman Brad Karp was featured in a Q&A in the latest issue of LEADERS magazine.
The Financial Crisis 10 Years Later: Lessons Learned
- Sep 15, 2018
- Publications
The Financial Crisis 10 Years Later: Lessons Learned
Ten years after the collapse of Lehman Brothers, market participants and other global companies operate in a markedly changed regulatory enforcement and compliance landscape. This memorandum discusses the legal and business…
The New York Court of Appeals Rules That Martin Act Claims Are Subject to a Three-Year Statute of Limitations
- Jun 14, 2018
- Publications
The New York Court of Appeals Rules That Martin Act Claims Are Subject to a Three-Year Statute of Limitations
On June 12, 2018, in People v. Credit Suisse Securities (USA) LLC, et al., the New York Court of Appeals held that claims brought under the Martin Act—New York’s uniquely broad Blue Sky Law, a powerful tool that permits the Attorney…
Richard Tarlowe to Participate in PLI Seminar on Internal Investigations
- Jun 22, 2018
- Events
Richard Tarlowe to Participate in PLI Seminar on Internal Investigations
Litigation partner Richard Tarlowe will speak on a panel at the Practising Law Institute program, “Internal Investigations 2018.”
Supreme Court Rules That Costs of Internal Investigation Are Not Recoverable As Restitution under the Mandatory Victims Restitution Act of 1996
- May 30, 2018
- Publications
Supreme Court Rules That Costs of Internal Investigation Are Not Recoverable As Restitution under the Mandatory Victims Restitution Act of 1996
On May 29, 2018, in Lagos v. United States, the Supreme Court unanimously held that the Mandatory Victims Restitution Act of 1996 (the “MVRA”)[1] does not require a criminal defendant to pay the costs and attorneys’ fees associated…
DOJ Issues New Policy on Coordination of Corporate Penalties to Address “Piling On”
- May 10, 2018
- Publications
DOJ Issues New Policy on Coordination of Corporate Penalties to Address “Piling On”
Yesterday, Rod Rosenstein, Deputy Attorney General of the U.S. Department of Justice, announced a new policy, in the form of an addition to the United States Attorneys’ Manual (“USAM”), concerning the coordination of corporate…
Supreme Court Dismisses Microsoft Appeal as Moot After Passage of the CLOUD Act
- Apr 23, 2018
- Publications
Supreme Court Dismisses Microsoft Appeal as Moot After Passage of the CLOUD Act
As reported in our earlier client memorandum, in February 2018, the U.S. Supreme Court heard argument in United States Microsoft Corp., a case concerning the government’s ability to compel U.S. service providers to disclose email…
Audra Soloway to Participate in Institute for Law & Economic Policy Annual Symposium
- Apr 19, 2018
- Events
Audra Soloway to Participate in Institute for Law & Economic Policy Annual Symposium
Litigation partner Audra Soloway will participate in the Institute for Law & Economic Policy’s 24th annual symposium, “Deconstructing the Regulatory State: Perils and Possibilities.”
FCPA Enforcement and Anti-Corruption Developments: Q1 2018
- Apr 13, 2018
- Publications
FCPA Enforcement and Anti-Corruption Developments: Q1 2018
The first quarter of 2018 saw a flurry of declinations of FCPA prosecutions by the DOJ and the SEC, and only one FCPA corporate enforcement resolution by the DOJ and two resolutions by the SEC.
Ted Wells to Participate in the NYCBA’s White Collar Crime Institute
- May 09, 2018
- Events
Ted Wells to Participate in the NYCBA’s White Collar Crime Institute
Litigation co-chair Ted Wells will speak on a panel at the New York City Bar Association’s 7th annual White Collar Crime Institute.
Trump Administration Imposes New Sanctions on Russian Oligarchs and Government Officials
- Apr 10, 2018
- Publications
Trump Administration Imposes New Sanctions on Russian Oligarchs and Government Officials
On April 6, 2018, the Trump administration imposed new sanctions on 7 Russian oligarchs, 12 companies they own or control, 17 Russian government officials, and a state-owned Russian weapons trading company and its subsidiary, a…
Economic Sanctions and Anti-Money Laundering Developments: 2017 Year in Review
- Mar 27, 2018
- Videos
Economic Sanctions and Anti-Money Laundering Developments: 2017 Year in Review
In this video, litigation partners Mike Gertzman, Jessica Carey and Roberto Gonzalez and counsel Rachel Fiorill offer guidance for bolstering compliance as they discuss recent developments in sanctions and AML policy and enforcement.
U.S. Supreme Court Hears Oral Argument on Extraterritorial Reach of Email Search Warrants in Microsoft Case
- Feb 28, 2018
- Publications
U.S. Supreme Court Hears Oral Argument on Extraterritorial Reach of Email Search Warrants in Microsoft Case
In a case that could have a major impact on how and where corporations store their customers’ electronic information, the U.S. Supreme Court heard oral arguments yesterday in United States v. Microsoft Corp. on the extraterritorial…
Leaders of SEC Enforcement Division Discuss Priorities and Recent Developments
- Feb 28, 2018
- Publications
Leaders of SEC Enforcement Division Discuss Priorities and Recent Developments
Senior representatives of the SEC’s Enforcement Division recently discussed enforcement priorities, developments and other issues of current interest at the Practising Law Institute’s annual “SEC Speaks” event. Although the…
SEC Issues Updated Guidance on Cybersecurity Disclosure
- Feb 27, 2018
- Publications
SEC Issues Updated Guidance on Cybersecurity Disclosure
The SEC recently provided updated guidance on cybersecurity-related disclosure obligations. We discuss the SEC’s new interpretive guidance, which seeks to assist companies in preparing disclosure concerning cybersecurity risks and…
Beyond Disgorgement: The Impact of Kokesh on the SEC’s Pursuit of Equitable Remedies
- Feb 23, 2018
- Publications
Beyond Disgorgement: The Impact of Kokesh on the SEC’s Pursuit of Equitable Remedies
Since the Supreme Court ruled last June in Kokesh v. SEC that disgorgement claims are subject to a five-year statute of limitations, both lower courts and the SEC have grappled with questions the Court left unresolved, including…
U.S. Supreme Court Narrows Scope of Whistleblower Anti-Retaliation Protections
- Feb 22, 2018
- Publications
U.S. Supreme Court Narrows Scope of Whistleblower Anti-Retaliation Protections
The Supreme Court held yesterday that individuals who have reported alleged misconduct internally, but not to the SEC, are not covered by the anti-retaliation provisions of the Dodd-Frank Act, resolving a circuit split on the…
Recent Decision Finds Waiver Based on “Oral Downloads” to the SEC
- Feb 14, 2018
- Publications
Recent Decision Finds Waiver Based on “Oral Downloads” to the SEC
A federal magistrate judge in the Southern District of Florida recently ruled that a law firm had waived work product protection over notes and memoranda of witness interviews when it provided “oral downloads” of those interviews to…
Rabobank Pleads Guilty to Obstructing OCC Supervision and Agrees to Pay $368 Million for Permitting and Concealing BSA/AML Failures
- Feb 13, 2018
- Publications
Rabobank Pleads Guilty to Obstructing OCC Supervision and Agrees to Pay $368 Million for Permitting and Concealing BSA/AML Failures
The DOJ and the Office of the Comptroller of the Currency recently imposed a $368 million penalty on the U.S. subsidiary of Dutch-based Rabobank. The bank also pleaded guilty to conspiracy to obstruct regulatory oversight of its Bank …
Implications of the Federal Reserve’s Enforcement Action Against Wells Fargo
- Feb 12, 2018
- Publications
Implications of the Federal Reserve’s Enforcement Action Against Wells Fargo
On February 2, 2018, the Federal Reserve Board issued an unprecedented enforcement action against Wells Fargo & Company, prohibiting its asset growth until improvements in board oversight and firmwide risk management systems are…
Second Circuit Vacates and Remands Judgment against Arab Bank in Antiterrorism Act Lawsuit
- Feb 12, 2018
- Publications
Second Circuit Vacates and Remands Judgment against Arab Bank in Antiterrorism Act Lawsuit
On February 9, 2018, the United States Court of Appeals for the Second Circuit handed down a decision recognizing important limitations on the scope of the Antiterrorism Act (“ATA”).
Treasury Department Releases Report Listing Russian Senior Political Figures and Oligarchs
- Feb 05, 2018
- Publications
Treasury Department Releases Report Listing Russian Senior Political Figures and Oligarchs
On January 29, 2018, the Treasury Department submitted to Congress a report pursuant to Section 241 of the Countering America’s Adversaries Through Sanctions Act (“CAATSA”).
Economic Sanctions and Anti-Money Laundering Developments: 2017 Year in Review
- Jan 23, 2018
- Publications
Economic Sanctions and Anti-Money Laundering Developments: 2017 Year in Review
Economic sanctions and anti-money laundering remain top U.S. regulatory priorities, with federal and state agencies imposing over $2.5 billion in penalties in 2017.
FCPA Enforcement and Anti-Corruption Developments: 2017 Year In Review
- Jan 19, 2018
- Publications
FCPA Enforcement and Anti-Corruption Developments: 2017 Year In Review
Despite significant FCPA enforcement activity in 2017, the Trump administration’s approach to enforcement remains elusive and not readily characterized. While actions against individuals were at the highest level in recent years,…
New York DFS Issues $11 Million Fine for AML Deficiencies
- Jan 05, 2018
- Publications
New York DFS Issues $11 Million Fine for AML Deficiencies
The New York Department of Financial Services recently announced a consent order and imposed an $11 million penalty against a major Korean bank, NongHyup Bank, and its New York branch for repeatedly failing to maintain an adequate…
U.S. Sanctions Relating to Russia and Ukraine: Navigating the Current Landscape
- Dec 20, 2017
- Publications
U.S. Sanctions Relating to Russia and Ukraine: Navigating the Current Landscape
In light of the recent changes and increasing complexity in Russia/Ukraine-related sanctions, this memorandum provides an overview of the sanctions program as it exists today, focusing on both primary sanctions restrictions and…
DOJ Issues New FCPA Corporate Enforcement Policy
- Nov 30, 2017
- Publications
DOJ Issues New FCPA Corporate Enforcement Policy
The Department of Justice recently announced a new FCPA Corporate Enforcement Policy, which states that when a company voluntarily self-discloses misconduct, fully cooperates, and timely and appropriately remediates, there will be a…
Recent Public Remarks by Co-Directors of SEC Enforcement Division Signal Potential Changing Enforcement Priorities
- Oct 31, 2017
- Publications
Recent Public Remarks by Co-Directors of SEC Enforcement Division Signal Potential Changing Enforcement Priorities
Recent remarks by top officials at the SEC’s Division of Enforcement suggest changes in the enforcement environment, including a de-emphasis on the “broken windows” strategy focusing on minor violations and on settlements requiring…
Brad Karp to Participate at PLI’s Hot Topics for In-House Counsel
- Nov 17, 2017
- Events
Brad Karp to Participate at PLI’s Hot Topics for In-House Counsel
Firm chair Brad Karp will moderate a panel at the Practising Law Institute’s annual Hot Topics for In-House Counsel 2017.
President Trump Announces Intent to “De-Certify” Iran’s Compliance with the Joint Comprehensive Plan of Action
- Oct 13, 2017
- Publications
President Trump Announces Intent to “De-Certify” Iran’s Compliance with the Joint Comprehensive Plan of Action
President Trump announced that he will not certify Iran’s compliance with the Joint Comprehensive Plan of Action, the multi-lateral commitment under which the United States, European Union, and five other countries agreed to lift…
Cases to Watch this Term at the Supreme Court
- Oct 06, 2017
- Publications
Cases to Watch this Term at the Supreme Court
The Supreme Court will address a number of issues important to the business community in the upcoming term, including the scope of the Alien Tort Statute, the validity of arbitration clauses in certain employment agreements, and the…
Telia Agrees to $965 Million Global Foreign Bribery Resolution
- Sep 28, 2017
- Publications
Telia Agrees to $965 Million Global Foreign Bribery Resolution
U.S. authorities recently announced the first major FCPA settlement under the Trump administration: a $965 million global resolution with a Sweden-based telecommunications company Telia Company AB and its indirectly-owned Uzbek…
President Trump Signs Executive Order Authorizing Sweeping Secondary Sanctions on Entities Involved in North Korean Trade
- Sep 26, 2017
- Publications
President Trump Signs Executive Order Authorizing Sweeping Secondary Sanctions on Entities Involved in North Korean Trade
On September 21, President Trump signed an executive order authorizing the Treasury Department to impose secondary sanctions against individuals and entities, including non-U.S. financial institutions, for conducting or facilitating…
Divided Second Circuit Panel Overrules Prior Newman Insider Trading Decision
- Aug 25, 2017
- Publications
Divided Second Circuit Panel Overrules Prior Newman Insider Trading Decision
On Wednesday, in United States v. Martoma, the United States Court of Appeals for the Second Circuit overruled its own 2014 decision in United States v. Newman and altered the standard for determining whether the personal benefit…
ISDA Publishes T+2 Settlement Protocol
- Aug 08, 2017
- Publications
ISDA Publishes T+2 Settlement Protocol
Recently, the International Swaps and Derivatives Association published the ISDA 2017 OTC Equity Derivatives T+2 Settlement Cycle Protocol, the newest installment of ISDA’s mechanism aimed at facilitating the multilateral and…
President Trump Signs Sanctions Legislation Targeting Russia, North Korea and Iran, Creating New Compliance Risks for U.S. and Non-U.S. Companies
- Aug 03, 2017
- Publications
President Trump Signs Sanctions Legislation Targeting Russia, North Korea and Iran, Creating New Compliance Risks for U.S. and Non-U.S. Companies
President Trump recently signed into law H.R. 3364, the “Countering America’s Adversaries Through Sanctions Act.” The law significantly expands U.S. sanctions targeting Russia and restricts President Trump’s ability to lift them…
OFAC Breaks New Ground By Penalizing Non-U.S. Companies for Making U.S. Dollar Payments Involving a Sanctioned Country
- Jul 28, 2017
- Publications
OFAC Breaks New Ground By Penalizing Non-U.S. Companies for Making U.S. Dollar Payments Involving a Sanctioned Country
On July 27, 2017, the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) announced a $12 million settlement with two Singapore-based companies over their use of U.S. dollar payments in connection with providing…
CFPB Adopts a Ban on Arbitration Clauses that Prevent Class Action Litigation
- Jul 19, 2017
- Publications
CFPB Adopts a Ban on Arbitration Clauses that Prevent Class Action Litigation
In a sweeping new rule published today in the Federal Register, the CFPB barred providers of consumer financial products and services from entering into or enforcing contracts that include arbitration clauses precluding class action…
Second Circuit Rejects District Court’s Attempt to Scrutinize DPA
- Jul 18, 2017
- Publications
Second Circuit Rejects District Court’s Attempt to Scrutinize DPA
For the second time in two years, a federal appeals court has rejected a district court’s attempt to scrutinize a deferred prosecution agreement. The July 12 decision in U.S. v. HSBC Bank resolves, at least in the Second Circuit, the…
How Regulators Are Assessing Corporate Compliance Programs
- May 17, 2017
- Videos
How Regulators Are Assessing Corporate Compliance Programs
What makes an effective corporate compliance program? And how do regulators evaluate them? The U.S. Department of Justice recently issued guidance on evaluating the effectiveness of corporate compliance programs in criminal…
The OCC Issues “Lessons Learned” Review of Its Supervision of Sales Practices at Wells Fargo
- Apr 21, 2017
- Publications
The OCC Issues “Lessons Learned” Review of Its Supervision of Sales Practices at Wells Fargo
The Office of the Comptroller of the Currency (OCC) recently released a review of its supervision of Wells Fargo's sales practices aimed at identifying any gaps and lessons learned to improve the OCC’s supervisory processes. Echoing…
Lessons Learned from the Wells Fargo Sales Practices Investigation Report
- Apr 18, 2017
- Publications
Lessons Learned from the Wells Fargo Sales Practices Investigation Report
A committee of independent directors of Wells Fargo recently released an investigative report on the root causes of improper sales practices at Wells’ Community Bank. The report will likely be studied by regulators, congressional…
Brad Karp, Lorin Reisner, Richard Tarlowe and Edward Turan to Speak at SIFMA’s Compliance and Legal Society Annual Seminar
- Mar 19, 2017
- Events
Brad Karp, Lorin Reisner, Richard Tarlowe and Edward Turan to Speak at SIFMA’s Compliance and Legal Society Annual Seminar
Litigation partners Brad Karp, Lorin Reisner, Richard Tarlowe and counsel Edward Turan will speak at the 2017 SIFMA Compliance and Legal Society’s Annual Seminar—the securities industry’s premiere event.
Peter Jaffe Quoted in GIR Article on DOJ’s New Guidance on Corporate Compliance
- Feb 24, 2017
- Publications
Peter Jaffe Quoted in GIR Article on DOJ’s New Guidance on Corporate Compliance
Counsel Peter Jaffe was quoted in a Global Investigations Review “Just Anti-Corruption” article addressing a new set of questions the U.S. Department of Justice may ask when evaluating the strength of a company’s compliance program.
Client Alert: The Regulatory and Enforcement Outlook for Financial Institutions in 2017
- Feb 22, 2017
- Publications
Client Alert: The Regulatory and Enforcement Outlook for Financial Institutions in 2017
Economic sanctions, anti-money laundering and cybersecurity remain at the forefront of U.S. regulatory priorities. In this memorandum, we survey major developments and trends in these areas in 2016 and early 2017 and provide an…
Client Memo: FCPA Enforcement and Anti-Corruption Developments: 2016 Year In Review
- Jan 20, 2017
- Publications
Client Memo: FCPA Enforcement and Anti-Corruption Developments: 2016 Year In Review
The year 2016 was, by any measure, an extraordinary year for the enforcement of the Foreign Corrupt Practices Act.
Client Alert: Supreme Court Reaffirms Dirks, Confirms that a Gift of Information to a Trading Relative or Friend Satisfies Personal Benefit Requirement for Insider Trading
- Dec 07, 2016
- Publications
Client Alert: Supreme Court Reaffirms Dirks, Confirms that a Gift of Information to a Trading Relative or Friend Satisfies Personal Benefit Requirement for Insider Trading
In its first opinion on the scope of insider trading liability in nearly twenty years, the Supreme Court in Salman v. United States addressed whether insider trading liability can arise where a tipper makes a "gift" of…
Paul, Weiss Announces Election of Three New Partners
- Dec 02, 2016
- Firm News
Paul, Weiss Announces Election of Three New Partners
Paul, Weiss has announced that three new partners have been elected to the partnership, effective January 1, 2017: David M. Klein, Brian C. Lavin and Richard C. Tarlowe. All are resident in Paul, Weiss's New York office.
The CFPB Issues Guidance on Effective Compliance Oversight Over Sales and Other Incentives
- Dec 01, 2016
- Publications
The CFPB Issues Guidance on Effective Compliance Oversight Over Sales and Other Incentives
The Consumer Financial Protection Bureau recently published a bulletin outlining a demanding compliance standard for companies that use incentive programs as part of employees' compensation arrangements. In light of the bulletin and…
Litigation Partners Co-Author Article on the D.C. Circuit’s Decision on CFPB’s Constitutionality
- Oct 31, 2016
- Publications
Litigation Partners Co-Author Article on the D.C. Circuit’s Decision on CFPB’s Constitutionality
Firm chair Brad Karp and litigation partners Roberto Gonzalez, Susanna Buergel, Jane O'Brien and Elizabeth Sacksteder co-authored an article entitled, "D.C. Circuit Finds Single-Director Structure of the CFPB Unconstitutional."
Roberto Gonzalez to Lead Regulators Discussion at C5’s Economic Sanctions and Financial Crime Forum in London
- Nov 15, 2016
- Events
Roberto Gonzalez to Lead Regulators Discussion at C5’s Economic Sanctions and Financial Crime Forum in London
Litigation partner Roberto Gonzalez will lead a panel discussion with OFAC and European regulators at C5's annual Economic Sanctions and Financial Crime Forum.
Farrah Berse to Discuss Petrobras at IBA Corporate Governance Event
- Nov 03, 2016
- Events
Farrah Berse to Discuss Petrobras at IBA Corporate Governance Event
Litigation counsel Farrah Berse will participate in a panel discussion at the International Bar Association's Annual Corporate Governance Conference.
Client Alert: What to Look for in Tomorrow’s Supreme Court Argument in Key Insider Trading Case
- Oct 04, 2016
- Publications
Client Alert: What to Look for in Tomorrow’s Supreme Court Argument in Key Insider Trading Case
For the first time in nearly twenty years, the United States Supreme Court will hear oral argument tomorrow in a case directly addressing the scope of insider trading liability.
Richard Tarlowe Presents Cyber Theft Case Study at ABA Business Law Section’s Annual Meeting
- Sep 08, 2016
- Events
Richard Tarlowe Presents Cyber Theft Case Study at ABA Business Law Section’s Annual Meeting
Litigation counsel Richard Tarlowe was a presenter for a program entitled "Bangladesh Central Bank: A Case Study in Cyber Theft" at the American Bar Association Business Law Section's annual meeting.
Christopher Boehning to Lead White Collar Crime Panel at Canada-U.S. Cross Border Litigation Forum
- Sep 25, 2016
- Events
Christopher Boehning to Lead White Collar Crime Panel at Canada-U.S. Cross Border Litigation Forum
Litigation partner Christopher Boehning will lead a panel discussion at the Canada-U.S. Cross Border Litigation Forum.
Roberto Gonzalez Quoted in Law360 Article on CFPB Arbitration Rule
- Aug 19, 2016
- Publications
Roberto Gonzalez Quoted in Law360 Article on CFPB Arbitration Rule
Litigation partner Roberto Gonzalez was quoted in a Law360 article, titled "Industry Gears Up to Battle CFPB Arbitration Rule," which discusses the legal challenges that may await a Consumer Financial Protection Bureau…
Litigation Partners Author Article on New York’s New AML and Sanctions Requirements
- Jul 10, 2016
- Publications
Litigation Partners Author Article on New York’s New AML and Sanctions Requirements
Firm chair Brad Karp and litigation partners Roberto Gonzalez, Michael Gertzman, Jessica Carey and Roberto Finzi co-authored a client memorandum that was featured on the Harvard Law School Forum on Corporate Governance and…
Client Memo: A Guide to the Supreme Court’s Notable Decisions this Term
- Jun 28, 2016
- Publications
Client Memo: A Guide to the Supreme Court’s Notable Decisions this Term
The Supreme Court's 2015-2016 Term will be remembered for the unexpected death of Justice Antonin Scalia on February 13, 2016.
Farrah Berse to Moderate Panel Discussion at C5’s International Conference on Anti-Corruption
- Jun 20, 2016
- Events
Farrah Berse to Moderate Panel Discussion at C5’s International Conference on Anti-Corruption
Litigation Counsel Farrah Berse will moderate a panel discussion at C5's 10th Annual International Conference on Anti-Corruption.
Taking Stock of CFPB’s Frenzied Agenda
- Jun 06, 2016
- Publications
Taking Stock of CFPB’s Frenzied Agenda
Litigation partner Roberto Gonzalez authored an article in the June 3 issue of The National Law Journal.
Paul, Weiss Adds Experienced Compliance Counsel to FCPA Practice
- May 10, 2016
- Firm News
Paul, Weiss Adds Experienced Compliance Counsel to FCPA Practice
Paul, Weiss, Rifkind, Wharton & Garrison LLP announced today that Peter Jaffe has joined the firm as counsel in its Washington, D.C. office, expanding the firm's deep bench of skilled United States Foreign Corrupt Practices Act…
Client Alert: CFPB Proposes a Ban on Arbitration Clauses That Prevent Class Action Litigation
- May 09, 2016
- Publications
Client Alert: CFPB Proposes a Ban on Arbitration Clauses That Prevent Class Action Litigation
On May 5, 2016, the Consumer Financial Protection Bureau (CFPB) released a 377-page notice of proposed rulemaking that would prohibit, going forward, banks and a variety of other companies from including in contracts arbitration…
Paul, Weiss to Sponsor NYCBA’s White Collar Crime Institute
- May 09, 2016
- Events
Paul, Weiss to Sponsor NYCBA’s White Collar Crime Institute
Paul, Weiss is a sponsor of the New York City Bar Association's 5th Annual White Collar Crime Institute, a full-day program that will explore the critical developments characterizing the current era of white collar…
Client Alert: The CFPB Enters the Cybersecurity Arena with Its First Enforcement Action
- Mar 04, 2016
- Publications
Client Alert: The CFPB Enters the Cybersecurity Arena with Its First Enforcement Action
On March 2, the Consumer Financial Protection Bureau entered an enforcement order against online payment platform Dwolla, Inc. for deceiving consumers about its data security practices and the safety of its online payment system.
…Roberto Gonzalez to Speak on "Effective Strategies with State and Federal Officials" at HNBA Conference
- Mar 17, 2016
- Events
Roberto Gonzalez to Speak on "Effective Strategies with State and Federal Officials" at HNBA Conference
Litigation partner Roberto Gonzalez will participate in a panel discussion at the HNBA Corporate Counsel Conference.
Roberto Gonzalez and Jessica Carey Co-Author Article on AML Enforcement in The National Law Journal
- Feb 22, 2016
- Publications
Roberto Gonzalez and Jessica Carey Co-Author Article on AML Enforcement in The National Law Journal
Litigation partners Roberto Gonzalez and Jessica Carey co-authored an article in the February 22 issue of The National Law Journal.
FinCEN Imposes Anti-Money Laundering Reporting Requirements
- Feb 02, 2016
- Publications
FinCEN Imposes Anti-Money Laundering Reporting Requirements
The U.S. Treasury Department's Financial Crimes Enforcement Network (FinCEN) issued Geographic Targeting Orders ("GTO") imposing temporary reporting requirements on title insurers with respect to "all-cash" purchases of high-end…
Client Alert: U.S. District Court Orders Compliance Monitor’s Report Unsealed Pursuant to First Amendment Right of Public Access
- Feb 01, 2016
- Publications
Client Alert: U.S. District Court Orders Compliance Monitor’s Report Unsealed Pursuant to First Amendment Right of Public Access
On January 28, 2016, United States District Judge John Gleeson of the Eastern District of New York found that a report by a corporate compliance monitor retained to supervise HSBC under a deferred prosecution agreement ("DPA")…
Client Alert: Understanding the Changes to the Iran Sanctions Regime: OFAC Issues Guidance, General Licenses on JCPOA Implementation Day
- Jan 20, 2016
- Publications
Client Alert: Understanding the Changes to the Iran Sanctions Regime: OFAC Issues Guidance, General Licenses on JCPOA Implementation Day
On January 16, 2016, international inspectors verified that Iran had complied with the initial nuclear requirements of the Joint Comprehensive Plan of Action (the "JCPOA"), and the Secretary of State confirmed that verification.
Awards & Recognition
Secretary Johnson Receives MLK Legacy Award From Felician University
- Jan 28, 2020
- Awards
Secretary Johnson Receives MLK Legacy Award From Felician University
Litigation partner Jeh Johnson was the recipient of Felician University’s 2020 Martin Luther King Jr. Legacy Award.
Claudia Hammerman, Amran Hussein and Loretta Lynch Named Notable Women in Law by Crain’s New York Business
- Dec 18, 2019
- Awards
Claudia Hammerman, Amran Hussein and Loretta Lynch Named Notable Women in Law by Crain’s New York Business
Litigation partners Claudia Hammerman and Loretta Lynch and corporate partner Amran Hussein have been named to Crain’s New York Business’s 2020 “Notable Women in Law” list.
Paul, Weiss Is Named Law Firm of the Year, White Collar Litigation Department of the Year
- Dec 05, 2019
- Awards
Paul, Weiss Is Named Law Firm of the Year, White Collar Litigation Department of the Year
Paul, Weiss was recognized with The American Lawyer’s most prestigious award, “Law Firm of the Year,” at the American Lawyer Industry Awards Gala. Additionally, the firm was named “White Collar Litigation Department of the Year.”
Seven Paul, Weiss Partners Named Law360 MVPs
- Nov 12, 2019
- Awards
Seven Paul, Weiss Partners Named Law360 MVPs
Firm chairman Brad Karp and partners Scott Barshay, Paul Basta, Harris Freidus, Lorin Reisner, Rick Rule and Taurie Zeitzer have been honored with Law360 2019 MVP Awards, which recognize an elite slate of attorneys who have…
Harris Fischman Named a David Rockefeller Fellow
- Oct 21, 2019
- Awards
Harris Fischman Named a David Rockefeller Fellow
Harris Fischman has been named to the Partnership for New York City’s 2019 – 2020 class of David Rockefeller Fellows, a group of thirty senior executives selected to participate in a year-long business and civic leadership program.
The American Lawyer Names Ted Wells “Litigator of the Week”
- Jun 21, 2019
- Awards
The American Lawyer Names Ted Wells “Litigator of the Week”
Litigation partner Ted Wells was named “Litigator of the Week” by The American Lawyer on June 21, in recognition of a victory by Ted and litigation partners Kannon Shanmugam and Yahonnes Cleary on behalf of New Jersey Gov. Phil…
Paul, Weiss Partners Receive Law360 Distinguished Writing Award
- Feb 26, 2019
- Awards
Paul, Weiss Partners Receive Law360 Distinguished Writing Award
Firm chairman Brad Karp, corporate partner Mark Bergman and litigation partners Susanna Buergel, Roberto Gonzalez, Jane O’Brien and Elizabeth Sacksteder have been selected to receive the Law360 Distinguished Writing Award at the 2019…
Susanna Buergel and Elizabeth Sacksteder Named Notable Women in Law by Crain’s New York Business
- Jan 03, 2019
- Awards
Susanna Buergel and Elizabeth Sacksteder Named Notable Women in Law by Crain’s New York Business
Litigation partners Susanna Buergel and Liz Sacksteder were recognized by Crain’s New York Business as 2019 “Notable Women in Law.”
Brad Karp Named “Attorney of the Year” by the New York Law Journal
- Oct 10, 2018
- Awards
Brad Karp Named “Attorney of the Year” by the New York Law Journal
Firm chair Brad Karp was named the 2018 New York Law Journal “Attorney of the Year.”
Susanna Buergel, Claudia Hammerman and Michele Hirshman Named to Benchmark’s Top 250 Women in Litigation
- Jul 19, 2018
- Awards
Susanna Buergel, Claudia Hammerman and Michele Hirshman Named to Benchmark’s Top 250 Women in Litigation
Litigation partners Susanna Buergel, Claudia Hammerman and Michele Hirshman were named to Benchmark Litigation’s annual "Top 250 Women in Litigation."
Ted Wells and Secretary Johnson Among Savoy Magazine’s Most Influential Black Lawyers
- Jul 16, 2018
- Awards
Ted Wells and Secretary Johnson Among Savoy Magazine’s Most Influential Black Lawyers
Litigation partners Ted Wells and Jeh Johnson were named to Savoy Magazine’s “Most Influential Black Lawyers” list.
Michele Hirshman Named “White Collar, Regulatory & Compliance Trailblazer” by The National Law Journal
- May 04, 2018
- Awards
Michele Hirshman Named “White Collar, Regulatory & Compliance Trailblazer” by The National Law Journal
Litigation partner Michele Hirshman was recognized as a “White Collar, Regulatory & Compliance Trailblazer” by The National Law Journal.
Brad Karp Named “Litigator of the Year” by The American Lawyer
- Dec 21, 2017
- Awards
Brad Karp Named “Litigator of the Year” by The American Lawyer
Firm chair Brad Karp was named a 2017 “Litigator of the Year” by The American Lawyer.
Jessica Carey and Roberto Gonzalez Receive Law360 Distinguished Writing Award
- Mar 28, 2017
- Awards
Jessica Carey and Roberto Gonzalez Receive Law360 Distinguished Writing Award
Litigation partners Jessica Carey and Roberto Gonzalez have been selected to receive the “Law360 Distinguished Writing Award” at the 2017 Burton Awards.
Benchmark Litigation Names Four Paul, Weiss Partners “Top 10 Practitioners”
- Nov 09, 2016
- Awards
Benchmark Litigation Names Four Paul, Weiss Partners “Top 10 Practitioners”
Four Paul, Weiss partners were selected by Benchmark Litigation for its inaugural list of "Top 10 Practitioners" across 10 areas of practice.
David Bernick Named Chambers USA’s Top Business Trial Lawyer
- May 27, 2016
- Awards
David Bernick Named Chambers USA’s Top Business Trial Lawyer
Litigation partner David Bernick was named the winner in the "Litigation: Business Trial Lawyers" category of the 2016 Chambers USA Awards.
Paul, Weiss and Mark Mendelsohn Win Who’s Who Legal Awards for Investigations
- Apr 12, 2016
- Awards
Paul, Weiss and Mark Mendelsohn Win Who’s Who Legal Awards for Investigations
Paul, Weiss was named Investigations Law Firm of the Year and litigation partner Mark Mendelsohn was recognized as Investigations Lawyer of the Year at the 2016 Who's Who Legal Awards.
Jessica Carey and Salvatore Gogliormella Named Rising Stars by New York Law Journal
- Apr 06, 2016
- Awards
Jessica Carey and Salvatore Gogliormella Named Rising Stars by New York Law Journal
Litigation partner Jessica Carey and real estate partner Salvatore Gogliormella have been named New York Law Journal Rising Stars for 2016.
Sal Gogliormella and Roberto Gonzalez Named Rising Stars by Law360
- Mar 31, 2016
- Awards
Sal Gogliormella and Roberto Gonzalez Named Rising Stars by Law360
Real estate partner Salvatore Gogliormella and litigation partner Roberto Gonzalez have been named to Law360's Rising Stars for 2016 in the Real Estate and Banking categories, respectively.
Roberto Gonzalez Named to Hispanic Bar Association’s “Top Lawyers Under 40”
- Feb 04, 2016
- Awards
Roberto Gonzalez Named to Hispanic Bar Association’s “Top Lawyers Under 40”
Litigation partner Roberto Gonzalez has been named to the Hispanic National Bar Association's (HNBA) 2016 list of the twenty "Top Lawyers Under 40."