News + Events
Troutman Sanders Launches Financial Crimes and Securities Fraud Team
May 24, 2010
See press coverage in the Atlanta Journal-Constitution about the firm's new team.
The law firm of Troutman Sanders LLP announced today the creation of a Financial Crimes and Securities Fraud Team to help counsel clients on a new nationwide government task force focused on combating white-collar crime.
The government task force – comprised of federal, state and local law enforcement authorities – is designed to crack down on financial crimes and securities fraud. These potential investigations could result in administrative actions, civil litigation and criminal claims against banks and holding companies, as well as their directors and officers.
In response to this development and requests from existing clients, the Troutman Sanders Financial Crimes and Securities Fraud Team was created by combining the talents of 18 attorneys in Virginia, New York, Washington, D.C., Georgia, North Carolina, Illinois and California.
“For banks, holding companies and other financial service providers, the stakes just got higher,” said Robert W. Webb Jr., chairman and managing partner of Troutman Sanders. “But our Financial Crimes and Securities Fraud Team is available to advise and defend them with respect to financial disclosure procedures, government investigations and criminal prosecutions.”
The law firm’s multi-disciplinary group of attorneys has significant expertise in bank structuring and regulatory matters, Securities and Exchange Commission (SEC) enforcement actions, financial crimes investigations and defense of financial crimes prosecutions. The team has extensive experience handling matters wherever brought, including the Eastern District of Virginia.
The Eastern District of Virginia is home to the new government task force, as well as to the SEC’s EDGAR database and numerous facilities operated by the Federal Deposit Insurance Corp.. This will provide the task force with jurisdiction over potential defendants.
“Banks and their holding companies should immediately begin taking proactive measures to prepare for a more critical level of review in connection with financial disclosures,” said Webb.
About Troutman Sanders:
Troutman Sanders LLP is an international law firm with over 650 lawyers and 16 offices in North America, Europe and Asia. Founded in 1897, the firm’s lawyers provide counsel and advice in practically every aspect of civil and commercial law related to the firm’s core practice areas: Corporate, Finance, Litigation, Public Law and Real Estate. Firm clients range from multinational corporations to individual entrepreneurs, federal and state agencies to foreign governments, and non-profit organizations to businesses representing nearly every sector and industry. See www.troutmansanders.com for more information.
###