William Reckler is a partner in the New York office of Latham & Watkins and former Co-Chair of the New York Litigation & Trial Department. Mr. Reckler is a member of the firm’s White Collar Defense & Investigations, Securities Litigation & Professional Liability, and Complex Commercial Litigation Practices, advising clients on government defense and investigations, securities and commercial litigation, and corporate governance issues.
Mr. Reckler has extensive experience in both criminal and civil litigation, and internal corporate investigations. He represents companies and individuals in investigations and enforcement proceedings brought by state and federal authorities, complex multidistrict litigation, derivative actions, and commercial disputes. He also conducts internal investigations in anticipation of potential government regulatory action and advises companies’ boards of directors in connection with criminal, civil, and regulatory matters. He has been recognized as a Rising Star by the New York Law Journal and Super Lawyers.
Mr. Reckler has represented global financial institutions and their employees in connection with a number of recent high-stakes investigations and regulatory proceedings, including those related to alleged manipulation of financial benchmarks, the subprime mortgage market, and other alleged violations of federal securities laws. He also regularly represents clients in complex commercial disputes in both state and federal courts.
Mr. Reckler's recent experience includes representing:
- A global bank in connection with an internal investigation of trading activity across hundreds of its subsidiaries and affiliates, and subsequent interactions with various regulators
- A major airline in connection with disputes arising out of contracts to purchase and finance airplanes
- A Swedish pharmaceutical company in connection with securities fraud claims brought in the Eastern District of New York
- The Executive Chairman / Chief Technology Officer and CEO of Oracle Corporation in derivative litigation challenging Oracle’s US$9.3 billion acquisition of NetSuite, Inc.
- A private equity firm in connection with a dispute about the post-closing purchase price adjustment for a US$1.6 billion acquisition
- Executives from a number of financial institutions in connection with investigations of alleged manipulation of various financial benchmarks, including LIBOR and ISDAfix
- A global investment bank in connection with regulatory inquiries and civil suits arising out of its securitization of residential mortgage loans
- CrossFit, Inc., as plaintiff in a high-profile false advertising and unfair competition lawsuit against a key competitor
- An individual from a major financial institution in connection with a US Attorney’s Office investigation of improper practices related to secondary market trading of asset-backed securities
- Companies and individuals in connection with insider trading inquiries by the United States Attorney’s Office and FINRA
- A commercial bank in connection with an investigation of embezzlement and fraudulent practices by the manager of its largest branch
- The Board of Directors of an Islamic investment bank in what is believed to have been the first internal investigation undertaken in Bahrain, involving allegations of fraud and misuse of corporate assets by the bank’s CEO
- The former Audit Committee chairman of a Chinese-based issuer in connection with government investigations and civil suits related to allegations of misconduct by senior management
- A hedge fund victimized by a Ponzi scheme in connection with criminal forfeiture proceedings
- The independent directors and the audit committee of a major bank in connection with internal and government investigations related to a restatement of earnings
- The United Brotherhood of Carpenters and Joiners of America in connection with the trusteeship imposed by the UBC over the New York City District Council and related matters (elections, constitution, and bylaw revisions, etc.)
- Corporate and individual defendants in suits brought by investors claiming federal securities law and state law violations
- One of the country’s five largest radio broadcasting companies in a suit brought by the New York Attorney General alleging pay-for-play in the music and broadcast industries
- A major petrochemical company in criminal and civil antitrust litigation, as well as civil litigation for fraud and breach of contract
- The chief executive officer of a major healthcare company in connection with government investigations and civil suits related to stock option grant practices
- A major oil company in connection with state, federal, and international probes of the United Nations Oil-for-Food Programme