Richard D. Owens

  • Partner
  • Erichard.owens@lw.com
  • 1271 Avenue of the Americas
  • New York, NY 10020
  • USA
  • T +1.212.906.1396
  •  
 

Profile

Richard Owens is a partner in the New York office of Latham & Watkins. He principally represents corporations and individuals in criminal and regulatory matters, conducts internal investigations, and advises on compliance matters.

Mr. Owens served as an Assistant United States Attorney in the US Attorney's Office for the Southern District of New York from 1994 through 2006. For four years he served as Chief of its Securities and Commodities Fraud Task Force and supervised many of the nation's highest profile corporate fraud and insider trading prosecutions, including WorldCom, Adelphia Communications, American BankNote, ImClone Systems, Impath, Inc., and Royal Ahold, N.V. He also coordinated the office’s criminal prosecutions with parallel civil matters brought by the SEC, CFTC, the Federal Reserve Banks, and state regulators.

Mr. Owens twice received the Attorney General’s annual Distinguished Service Award: in 1996 for the prosecution of Daiwa Bank and in 2000 for the prosecution of Patrick R. Bennett relating to the then-largest financial fraud in US history. He has tried 12 felony cases, including two of the three largest criminal accounting fraud cases ever prosecuted in New York. According to Chambers USA, clients say he is "very responsive" and "thorough." Mr. Owens has been recognized by The Legal 500 US and International Who's Who. He has also been named a Banking MVP by Law360 2017.

Mr. Owens frequently speaks on securities law, corporate governance, and criminal law matters. He has spoken at programs sponsored by the US Department of Justice’s National Advocacy Center, the SEC, the Association of the Bar of the City of New York, the New York State Bar Association, PLI, ALI-ABA, and the Institute of Government of the University of North Carolina.

Experience

Mr. Owens's recent experience includes representing:

  • The British Banker’s Association in connection with US based litigation concerning LIBOR
  • Executives and officers from a number of financial institutions in connection with investigations of alleged manipulation of various financial benchmarks, including LIBOR and others
  • A former SAC Capital portfolio manager in connection with allegations of insider trading
  • Senior executives of a number of European financial institutions in connection with DOJ and Congressional investigations of anti-money laundering compliance issues
  • A global investment bank in connection with a variety of regulatory inquiries and civil actions relating to mortgage-backed securities
  • A senior executive of AIG Financial Products in connection with SEC and DOJ investigations of AIG’s collapse that were closed without charges
  • Executives from a number of financial institutions in connection with SEC and DOJ investigations of the valuation of complex structured products and derivatives, including mortgage-backed securities, CDOs, and credit default swaps
  • Institutional and individual clients before the Financial Crisis Inquiry Commission
  • A Fortune 100 company on FCPA matters
  • The former Chairman of the American Stock Exchange in connection with enforcement proceedings brought by the Securities Exchange Commission
  • Major investment banks and investment advisors with respect to insider trading compliance issues

Thought Leadership

  • Second Circuit Reinforces FCPA’s Jurisdictional Limits -  August 29, 2018
  • Supreme Court: SEC ALJs Are Officers Subject to Constitution’s Appointments Clause -  July 12, 2018
  • New DOJ Policy Will Curb “Piling On” Multiple Penalties for Same Corporate Misconduct -  May 14, 2018
  • Deputy Attorney General Announces Comprehensive Review of DOJ Corporate Enforcement Policies -  October 12, 2017
  • CFTC Self-Reporting Policy Leaves Open Several Questions -  October 06, 2017
  • Whistling a Common Tune -  June 12, 2017
  • CFTC Releases New Enforcement Cooperation Guidelines -  February 14, 2017
  • Supreme Court Revisits Insider-Trading Liability -  December 09, 2016
  • What To Do When You Are Served With a Search Warrant -  December 16, 2015
  • The Circuits Are Split: Are Tangible Benefits Required for Insider Trading Liability? -  July 10, 2015
  • Expanding FIRREA Liability for Financial Institutions: Recent Second Circuit Developments -  June 15, 2015
  • Second Circuit Redefines “Personal Benefit” in Insider Trading Case -  December 12, 2014
  • 2010: A Good Time to Review and Strengthen Insider Trading Compliance Measures -  March 1, 2010
  • Virginia “Rocket Docket” Deemed Proper Venue for Securities Fraud Actions Based Upon Filing of Financial Statements with SEC through EDGAR -  January 11, 2008
  • White Collar and Government Investigations Newsletter, Issue 1 -  Summer 2007
  • Not So Fast -  May 2007
"He's a really outstanding and extremely talented lawyer who can deal with regulators while also being a formidable trial lawyer."Chambers USA 2019
Bar Qualification
  • New York
  • Vermont
Education
  • JD, Harvard Law School, 1988
  • BA, University of North Carolina, Chapel Hill, 1984
Industries
  • Financial Institutions
Practices
  • White Collar Defense & Investigations
  • Litigation & Trial Practice
  • Commodities and Derivatives Regulation and Enforcement
  • Securities Litigation & Professional Liability