Timothy P. Crudo is a partner in the San Francisco office of Latham & Watkins. He is a trial lawyer focusing primarily on investigations and cases brought by criminal prosecutors, government regulators, and shareholders in securities, corporate governance and white collar matters. He also defends clients in trade regulation, unfair competition, and other complex business and civil cases brought by regulators, consumers, and competitors.
Mr. Crudo has extensive criminal and civil jury, bench, and arbitration trial experience, including several prominent white collar criminal trials in California, the longest civil trial (a securities fraud class action) in the history of the Northern District of California, and the then-largest arbitration award (US$250 million) in the history of the International Chamber of Commerce. His clients have included corporations, Boards of Directors and their committees, and individuals in a range of industries, including banking, financial services, audit and accounting, life sciences, clean technology, the Internet, and the automotive industry. He has been counsel of record in over 40 publicly-reported decisions.
From 2003 to 2009, Mr. Crudo served as an Assistant US Attorney in the Securities Fraud Section of the US Attorney’s Office for the Northern District of California. In this role he investigated, prosecuted, and tried white collar and securities fraud crimes, including complex accounting fraud, insider trading, market manipulation, investment fraud, and bankruptcy fraud cases. He left in 2009 as the Chief of the Securities Fraud Section to return to Latham.
Mr. Crudo regularly speaks and writes on a variety of topics, recently including insider trading, wire taps, whistleblowers, internal investigations, and the FCPA.
Mr. Crudo’s experience includes representing:
- A Big Four accounting firm in a criminal investigation arising from the failure of one of the largest banks in the country
- A bank President and Chairman in criminal, SEC, FDIC, and class and derivative investigations and litigation arising from the first TARP-funded bank failure
- A publicly traded REIT in various federal and state criminal, regulatory, and civil investigations and litigation in connection with residential mortgaged-backed securities and collateralized debt obligations
- A Section 16 Officer in criminal and SEC investigations and litigation arising from the Galleon insider trading matters
- A solar energy company in an SEC investigation and class action lawsuits filed in the United States and Canada
- A global financial services company in connection with a criminal mortgage fraud investigation