Key Figure in “Varsity Blues” Case
Represented key figure in the Government’s investigation of and prosecutions in the college admissions scandal known as the “Varsity Blues” case.
Executive – Internal Investigation
Represent the CEO of a wealth management firm in an internal investigation into selling away and improperly executing client documentation.
Senior Trader – FINRA Investigation
Represent a senior trader of a financial institution in a FINRA investigation alleging market manipulation.
Physician – Anti-Kickback and Stark Law Investigation
Represent a world-renowned physician in an Anti-Kickback and Stark Law investigation in front of the United States Attorney’s Office.
Global Parking Company – ERISA Litigation
Successfully represent an international parking company in an ERISA litigation in the Southern District of New York.
Activist Investor – SEC Insider Trading Investigation
Successfully defended a principal of a prominent activist fund in an insider trading investigation conducted by the SEC.
Successfully Represented Turkish Lender
Successfully represented a Turkish lender in connection with efforts by the United Department of Justice and Treasury Department, incidental to the investigation and prosecution of a third party by the U.S., to seize the lender’s security interest in a foreign vessel.
Broker-Dealer – FINRA Arbitration
Represent an investment bank and broker dealer in a FINRA arbitration alleging the wrongful withholding.
Executive – New York Attorney General Investigation
Successfully represented an executive in a New York State Attorney General investigation into financial improprieties and conflicts of interest.
Stock Promoter – Department of Justice and SEC Investigations
Representing a stock promoter in wide-ranging investigations by the Department of Justice and the SEC of securities fraud in the promotion and potential manipulation of the stocks of various start-up companies.
Telecommunications CEO – Dismissal of Securities Class Action
Represented the former CEO of a public telecommunications company in two securities fraud class actions stemming from the company's bankruptcy. The first complaint alleged fraud in connection with disclosures about the company's credit facility. The plaintiffs then filed a second class action alleging that our client engaged in accounting improprieties and caused the company to issue false financial statements. The court granted our motion to dismiss the second complaint, and we were able to obtain a settlement of the entire matter on terms that were very favorable to our client.
Options Trader – SEC Regulatory Compliance and Enforcement Advisory
Advise significant West Coast based options trader on Large Trader SEC regulatory compliance and related enforcement issues.
Executive – Fraud Action
Represent a prominent foreign investor in an affirmative fraud action against an alternative energy broker and a related law firm.
Prominent Wealth Advisor – Internal Investigations and Government Inquiries
Successfully defended a wealth advisor from a global financial services firm in both an internal investigation and inquiries from FINRA and the CFB Board arising from allegations of unauthorized, risky trades that resulted in losses to a client’s accounts. Herrick negotiated the advisor’s exit from the firm and assisted in an effective transition to new firm. Additionally, the team fended off the inquiries from the government agencies, resulting in no-action letters for the advisor.
Broker and Wealth Manager – Criminal and Regulatory Fraud Investigation
Defend a broker and registered wealth manager in parallel fraud investigations conducted by the U.S. Attorney’s Office for the District of Connecticut, the SEC and FINRA.
Prominent Doctor – Healthcare Fraud Investigation
Successfully defended a renowned doctor in an Anti-Kickback and Stark Law investigation conducted by the US Attorney’s Office and the Department of Justice’s Health Care Fraud Task Force.
Broker-Dealer – FINRA Arbitration
Represent the U.S. Broker-Dealer division of an Israeli bank in a FINRA industry arbitration.
Investment Bank – Favorable Resolution in Arbitration Initiated by Former Managing Director
Successfully represented an investment bank in an arbitration involving unpaid fees allegedly owed to a former registered representative. After an evidentiary hearing, the three-member panel dismissed all of the representatives claims, awarded them zero dollars and declined to refer the matter to FINRA enforcement.
Broker – FINRA Investigation
Represent a broker in a FINRA investigation into improperly soliciting investments away from the firm.
Major Legal Services Provider – Dismissal of Fraud and Federal Civil Rights Complaints
Represented a major legal services provider and two of its lawyers in successfully obtaining the dismissal of a sprawling 18 count fraud and federal civil rights complaint in the Southern District of New York.
Ex-President of Guatemala – Department of Justice Criminal Prosecution
Herrick represented former Guatemalan President Alfonso Portillo in defense of a federal money laundering conspiracy charge and other charges following his extradition to the United States. President Portillo pled guilty to a reduced charge and other charges following successful negotiations with the U.S. Attorney's Office, Southern District of New York. Herrick then successfully argued to the U.S. Bureau of Prisons that it credit time already served by President Portillo - including time served in Guatemala while awaiting extradition - to his sentence, greatly reducing the period of incarceration ultimately served.
Hedge Fund Manager – No Action Letter in SEC Insider Trading Investigation
Successfully represented a hedge fund manager and his fund in an SEC insider trading investigation involving a US-based, multinational technology company and the alleged intentional manipulation of securities prices through the creation and spreading of false information. The investigation concluded with the issuance of a no-action letter from the SEC.
Securities Trader – Federal Criminal and SEC Civil Insider Trading Charges
Representing a securities trader in a Department of Justice criminal action and a related SEC civil action where our client is charged with participating in an insider trading scheme in which the securities of public companies were sold short in advance of secondary offerings, allegedly based upon material, non-public information. In the criminal case, our client recently received a sentence of Probation.
NYC Attorney – Joint US Attorney and SEC Investigations into Alleged Misappropriation of Funds and Market Manipulation
Represented a prominent former New York City attorney in a joint federal criminal investigation, conducted by the U.S. Attorney's Office, District of Columbia and the SEC, into alleged misappropriation of funds of a large foreign public company and market manipulation of the securities of several small U.S. public companies. Herrick was able to resolve the federal criminal charges against our client through a guilty plea to a single count of obstruction of justice. The client was sentenced to two years of probation, later reduced to one year. Notwithstanding the criminal charges involving the sale of securities, the SEC did not bring charges.
Witnesses – SEC and Department of Justice Investigation into Alleged Securities Fraud Scheme
Successful representation of two former principals of a dissolved hedge fund in an investigation by the US Attorney’s Office and the SEC into a high-profile "pump-and-dump" scheme involving shares in a Bermuda-based reinsurance company and nearly $20 million in alleged illegal profits. The investigation, which led to the criminal indictment of 7 individuals for securities fraud, resulted in no charges against our clients.
Real Estate Developer – NYS Attorney General Investigation Resolved Favorably
Achieved a highly favorable settlement involving no admission of wrongdoing on behalf of a real estate developer and two of its principals in an investigation by the New York State Attorney General into alleged improper lead removal procedures and harassment of tenants.
Hedge Fund Collapse – SEC Investigation
Representation of the chief operating officer of a $1 billion hedge fund in connection with an SEC investigation into the fund's collapse and liquidation.
Former CEO – SEC Investigation
The former CEO of a major fiber optic company in an SEC investigation of accounting irregularities. After a grueling deposition and an in-depth Wells Submission, the SEC determined not to pursue any action against our client.
Private Company Officers – SEC Investigation
Representation of officers of a non-public company in an SEC investigation of the company's unregistered offerings. The SEC alleged that the offerings violated various securities laws, but we convinced the SEC's New York Regional Staff to recommend that charges not be brought against these individuals.
Brokerage Branch Manager – NASD Investigation
Representation of the branch manager of a regional brokerage firm in an NASD regulatory investigation into improper market timing activities that allegedly occurred in the branch office. No charges were brought against the branch manager.
National Exchange Department Head – SEC Investigation
Representation of a department head of a national exchange's regulatory division in an SEC investigation into the exchange's failure to enforce its member surveillance program and filing false records with the SEC. The former department head received a cease-and-desist order with no monetary penalties assessed against him.
Securities Broker – Forgery Investigation
Representation of a broker in an NYSE regulatory investigation alleging that the broker forged managerial signatures on new accounts forms and disposed of original employer documents. The broker received an admonition letter in lieu of an enforcement proceeding being brought against him.
Trader – FINRA Investigation
Representation of a former trader at a national retail brokerage firm in a FINRA regulatory investigation into charges of front-running one of the firm's customers.
Investment Banker – FINRA Proceeding
Representation of a former employee of a major investment bank in a FINRA regulatory proceeding on charges that he misappropriated funds from his employer by improperly submitting personal expenses as business-related expenses.
Private Company – Political Misuse Investigation
Representation of a private company in connection with a state Attorney General's investigation into whether a former governor improperly used the company to engage in "dirty tricks" against a political rival.
Securities Trader/Broker-Dealer – Investigations
The principal of a securities trader/broker-dealer in connection with investigations by the New York State Attorney General and the SEC into mutual fund trading practices including market timing and late trading.
Manufacturing Company Executive – Internal Investigation
Represented the former Executive Vice President of a large manufacturing company in an internal investigation of alleged materials theft.
Outlet Mall Developer – Regulatory Investigation
Representing the developer of a New York City outlet mall in an investigation into whether the Empire State Development Corporation’s financial support for economic development projects has been influenced by developer political contributions.
Accounting Firm – SEC Investigation into Accounting Irregularities
Represented a regional accounting firm as a witness in an SEC investigation into accounting irregularities at a publicly traded internet consumer products company.
Retail Brokerage Branch Manager – NASD Charges
Successful defense of a branch manager of a national retail brokerage firm. Following a hearing, the hearing panel dismissed all of the NASD's charges, including allegations of supervisory failures. The dismissal was upheld on appeal by the NASD to the NASD's National Adjudicatory Council.
Retail Brokerage – Federal Investigation
Representation of a national retail brokerage firm in a joint U.S. Attorney/SEC investigation of illegal "frontrunning" trading activity.
Pharmaceutical Company – Insider Trading Investigation
Represented the senior management of a pharmaceutical company in an SEC insider trading investigation of a PIPE offering.
Financial Services Company – Internal and Grand Jury Investigations
Conducted an internal investigation for a major international financial services corporation concerning allegations that company employees had provided false customer account information to another financial institution. We also represented the company in a related New York state grand jury investigation.
Boards of Directors – Internal and SEC Insider Trading Investigations
Conducted an insider trading investigation on behalf of the boards of directors of two affiliated publicly owned computer software companies, and represented them in a related SEC investigation.
International Investigation – Market Manipulation
Representation of a foreign citizen in connection with an indictment by the U.S. Attorney’s Office and an SEC investigation alleging market manipulation of multiple OTC securities in the U.S. markets via the internet.
Stock Brokers – FINRA Investigation
Representation of multiple stock brokers of a national retail brokerage firm in a FINRA investigation into various sales practice violations.
Former Bank Directors – Favorable Resolution of FDIC Investigation
Herrick negotiated a favorable settlement on behalf of three directors of a failed New York City community bank, resolving claims by the FDIC that the directors had failed to exercise due care in their oversight of the bank's loan portfolio.
Broker Dealer – SEC & U.S. Attorney Investigation
Represented a broker dealer and proprietary trading firm in connection with an SEC insider trading investigation. Succeeded in having no actions brought by either arm of the government.
SEC Matter – Securities Fraud Allegations
Representation of a business executive in an SEC civil securities fraud matter alleging participation in a pump-and-dump scheme involving two penny stocks.
Business Executive – Parallel Criminal and Civil Insider Trading Investigations Settled Favorably
Herrick successfully represented a business executive in parallel criminal and civil insider trading investigations conducted by the U.S. Attorney's Office for the Eastern District of New York and the SEC, in connection with allegations that our client and four other defendants used illegal tips to trade in the stock of a company prior to it being taken private in a multibillion dollar deal. Herrick was able to resolve the SEC claims with a favorable settlement which involved no admission of wrongdoing, and obtained no prosecution with the U.S. Attorney's Office.
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