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.
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.
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