Ex-SEC lawyer, Covington apply head departs for Dentons

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  • David Kornblau chaired Covington’s securities enforcement group
  • He beforehand labored at Merrill Lynch, SEC enforcement unit

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(Reuters) – Dentons has picked up David Kornblau, a former chief litigation counsel within the U.S. Securities and Exchange Commission’s enforcement division, the agency stated on Tuesday.

Kornblau most lately practiced for greater than a decade at Covington & Burling, the place he chaired the securities enforcement apply group. He joins Dentons’ litigation and dispute decision apply, in addition to its white collar and authorities investigations apply, in New York.

Dentons is the world’s largest agency by legal professional headcount. The agency lately shook up its management construction within the U.S. when former U.S. chief govt, Mike McNamara, stepped down from the function in July.

Kornblau joined Covington in 2009 from Merrill Lynch & Co (now Bank of America’s Merrill), the place he served as head of world regulatory affairs.

He began within the SEC’s enforcement unit in 1995 as a trial lawyer and served as its chief litigation counsel for about half of his decade-long tenure on the company, in accordance with his LinkedIn web page.

A Covington consultant stated the agency needs Kornblau effectively.

Sandra Hauser, head of Dentons’ U.S. industrial litigation apply, stated Kornblau’s rent will profit the agency’s securities and commodities regulatory apply. “Helping clients navigate serious government investigations is where David excels,” she stated in an announcement.

Kornblau advises purchasers on delicate and complicated investigations, inside probes and securities litigation, in accordance with his Dentons bio. He has represented purchasers in investigations earlier than the SEC and the U.S. Commodity Futures Trading Commission.

Kornblau famous Dentons’ giant U.S. and international attain. “As the SEC and other U.S. regulators continue to ramp up, I think that is a terrific opportunity for me,” he stated.

He stated he anticipates enforcement exercise from the SEC and different businesses to extend as regulators “make clear their priorities, both in terms of new regulations and enforcement investigations.”

He cited environmental, social and governance (ESG), particular goal acquisition corporations (SPACs) and cryptocurrency as areas of regulatory focus, along with “evergreen” matters like insider buying and selling and public firm accounting and disclosure.

The Biden administration has reset priorities for a lot of federal businesses, and legislation corporations have lately employed former authorities legal professionals to assist purchasers make sense of developments.

Other giant legislation corporations which have added SEC veterans this yr embrace Willkie Farr & Gallagher, Steptoe & Johnson and Skadden, Arps, Slate, Meagher & Flom.

Read extra:

Former SEC GC Stebbins heads again to Willkie

Former head of SEC’s complicated merchandise group goes to personal apply

Steptoe faucets former SEC official, Big Law veteran

Sara Merken

Sara Merken stories on privateness and information safety, in addition to the enterprise of legislation, together with authorized innovation and key gamers within the authorized companies business. Reach her at sara.merken@thomsonreuters.com

REUTERS/Andrew Kelly