Banking Enforcement & Litigation

Experience

    • Sberbank in its successful challenge to the jurisdiction of the English High Court to hear a $300 million conspiracy claim brought by a subsidiary of Russian bank VTB.
    • Petro Poroshenko, the fifth President of Ukraine, in his victory in the High Court of England & Wales, successfully challenging the jurisdiction of the English courts to hear a $250+ million conspiracy claim brought against him and the former head of the National Bank of Ukraine, related to the nationalization and bail-in of PrivatBank, Ukriane’s largest bank.
    • Capital One in a resolution with FinCEN regarding its AML program, without criminal charges being filed.
    • Société Générale in securing a deferred prosecution agreement and first coordinated resolution between the DOJ and France’s Parquet National Financier regarding claims of potential corruption of foreign officials in Libya.
    • Board of a major financial institution in responding to inquiries from the U.S. House Financial Services Committee.
    • A leading financial institution in government investigations into Russian money laundering activity.
    • Admirals Bank in restructuring operations in the face of complex bank regulatory and enforcement defense issues with the Office of Comptroller of the Currency.
    • Bank Hapoalim in a cross-border tax investigation by the United States Department of Justice, Federal Reserve, and New York Department of Financial Services.
    • Four separate Swiss banks in the DOJ’s program designed to encourage Swiss banks to cooperate in the DOJ’s investigations of the use of foreign bank accounts to commit tax evasion.
    • The Board of Directors of Capital One Financial Corp. in obtaining dismissal with prejudice of a shareholder derivative action alleging that the board members breached their duty of loyalty by consciously disregarding their responsibility to oversee the company’s compliance with various anti-money laundering laws.
    • Habib Bank in litigation and a negotiated settlement with the NYDFS relating to AML/BSA compliance and assisting Habib in winding down the business of their NY branch.
    • A national bank in the successful dismissal of a False Claims Act case related to the servicing of mortgages.
    • A global financial institution in a DOJ investigation of potential FCPA violations involving its private equity arm, resulting in the DOJ declining prosecution and closing its investigation.
    • A major credit card company in responding to a Consumer Financial Protection Bureau investigation regarding consumer card account opening practices.