Pryor Cashman added E. Scott Schirick as a partner in the Litigation and White Collar Defense & Investigations groups. Based in New York, Schirick joins Pryor Cashman from Wilmer, Cutler, Pickering, Hale & Dorr.
A top-flight litigator, Schirick played a key role in representing JPMorgan in 2012 in the “London Whale” incident. His work touched on several fronts of the massive investigation, including a response to the Senate Permanent Subcommittee on Investigations, conducting an extensive internal investigation, and in an eventual settlement with the Department of Justice, SEC, CFTC and other agencies. This high-profile case chronicled a doubling-down on a deep loss by a London-based trader resulting in a $6.2 billion overall loss for JPMorgan.
“Our strategic efforts in lateral recruitment keep our firm evolving, particularly in areas like securities enforcement, where the government is very active and we expect the heightened enforcement environment to persist. We are thrilled to bring Scott on board where his proven experience and highly specialized skill set enhance our already strong capabilities in this area,” said Ronald H. Shechtman, Pryor Cashman’s managing partner.
Schirick’s experience encompasses complex federal and state court litigation, securities enforcement and regulatory investigations, and white-collar criminal defense matters, including insider trading and financial fraud investigations, Foreign Corrupt Practices Act and public corruption probes, antitrust inquiries, anti-money laundering and Bank Secrecy Act issues, and investigations and litigation under the False Claims Act. He represents public and private companies, financial institutions and individuals in investigations before the U.S. Department of Justice, the SEC, U.S. Commodity Futures Trading Commission (CFTC), Congressional committees and the Financial Industry Regulatory Authority (FINRA.