Significant Litigations and Internal Investigations for Manufacturing, Financial and Professional Service Businesses
Won and collected, after trial, a multi-million dollar verdict for a major public investment bank.
Won dismissal of a $50 million defamation action for one of the largest Latin American banks.
Won a complete defense verdict for a brokerage firm after a year-long arbitration brought by customers with losses in excess of $80 million.
Won dismissal for one of the largest consumer product companies of a consumer class action seeking damages on behalf of more than 100 million consumers.
Won, after trial, a complete defense verdict for one of the largest multinational industrial corporations in an action that sought a multi-million dollar banking fee.
Won a significant settlement, just before trial, for a hedge fund seeking damages against defendants that had fraudulently misrepresented the value of collateral.
Successfully represented a former partner of a leading accounting firm in SEC and criminal investigations as well as civil litigation alleging professional malpractice in connection with the audits of a public company.
Internal Investigations for Audit Committees of Significant Public and Private Corporations and Charities
On behalf of the audit committee of a public manufacturing company, conducted an internal investigation that uncovered income recognition fraud and Foreign Corrupt Practices Act violations. Following the investigation, represented the company before the U.S. Attorney and the SEC and obtained a successful settlement of all regulatory and criminal liability.
On behalf of the audit committee of a large agricultural business, conducted an internal investigation that uncovered very significant Foreign Corrupt Practices Act violations. Following the investigation represented the company before the Department of Justice and reached a settlement which resulted in no liability for the company. The Government, however, required all senior management to be trained by Mr. Potter on how to avoid future violations.
On behalf of the audit committee of a large national bank being investigated by the Federal Reserve, conducted an internal investigation concerning the purchasing and trading of certain large loan portfolios and the accounting of those transactions. The investigation showed that both the transactions and the accounting were proper and as a result the Federal Reserve dropped its investigation.
On behalf of the audit committee of a major public investment bank being investigated by the Department of Justice, the SEC and the IRS, conducted an internal investigation of a series of multi-billion dollar derivative trades. The investigation showed that the trades were proper and the Government investigations were dropped.