Chip Loewenson is a member of the firm’s Securities Litigation, Enforcement, and White-Collar Defense Group. His practice focuses primarily on white-collar defense, including regulatory matters. His cases have included alleged insider trading, market manipulation, and other securities fraud issues, foreign corrupt practices, OFAC sanctions, government contract fraud, tax evasion, money laundering, price-fixing, false claims against the government, obstruction of justice, and attorney discipline. He has also handled significant civil litigation, including cases involving civil RICO, securities fraud, and trade secrets.
The United States District Court for the Southern District of New York has appointed Mr. Loewenson as receiver in three separate SEC enforcement actions, including SEC v. Credit Bancorp, Ltd., in which he led a 14-year effort resulting in the recovery of most of the $200 million that customers lost in a Ponzi scheme. The SEC also appointed him Independent Consultant in an enforcement action against the notorious securities boiler room, Stratton Oakmont, which was featured in “The Wolf of Wall Street.”
Prior to joining Morrison & Foerster in 1990, Mr. Loewenson served as an Assistant United States Attorney in the Southern District of New York for five years. For most of his time there, he served on the Securities and Commodities Fraud Task Force, where he prosecuted cases involving insider trading, stock manipulation, other securities fraud offenses, and tax evasion. As an Assistant U.S. Attorney, Mr. Loewenson was successful in 15 out of 16 verdicts in the cases he tried. In April 1991, he received the Director's Award for Superior Performance from the Director of the Executive Office for United States Attorneys.
From 2001-2007, Mr. Loewenson was a member of the New York State Ethics Commission, a body charged with interpreting and enforcing New York State's ethics in government statutes. From 2007-2013, he was chairman of the board of the Jacob Javits Convention Center in New York City. He is presently a member of the boards of Scenic Hudson, Inc., the Hudson Valley Shakespeare Festival, and the Exoneration Initiative.
Mr. Loewenson also has a significant pro bono practice - for 13 years, he represented Richard Rosario, whose conviction was vacated in March 2016 after he had served 20 years for a crime he did not commit. The case was featured in a Dateline NBC series and on the NBC Nightly News.
He is a member of the American Bar Association and its Criminal Justice Section, the New York Council of Defense Lawyers, and the Federal Bar Council.
Mr. Loewenson taught trial practice as an Adjunct Professor at New York University School of Law (1988 to 1992), at the Practising Law Institute in New York City (1991-1994), and at the Trial Advocacy Program of the Manhattan District Attorney's Office (1989-1994).
At Yale Law School, Mr. Loewenson was a Note Editor of the Yale Law Journal, and at Princeton, he was the Editorial Chairman of the Daily Princetonian. Mr. Loewenson was a Fulbright Scholar and was a visiting scholar at the Stockholm International Peace Research Institute in Stockholm, Sweden.
After serving as a law clerk for the Honorable Frank M. Coffin of the U.S. Court of Appeals for the First Circuit, he served for a year on the National Legal Staff of the American Civil Liberties Union in New York City as the Karpatkin Fellow.
Global Financial Institution LIBOR InvestigationRepresented investment bank head and several other high-level officials in worldwide LIBOR investigations and litigations.
OFAC SanctionsRepresent a foreign bank in US DOJ investigation of alleged violations of US sanctions relating to Iran.
Foreign Corrupt Practices ActConducted internal investigations and defended government investigations for multiple Fortune 500 companies involving allegations of bribery of foreign government officials
In re UnitedHealth Group, Inc. Securities LitigationRepresented the former chair of the compensation committee of the board of directors of UnitedHealth Group Inc. in government investigations and civil actions relating to allegations of stock options backdating, resulting in avoidance of action by the government and settlements favorable to our client in the civil actions.
Anti-Money Laundering InvestigationsRepresented senior AML executives at multiple large financial institutions in separate US government investigations of AML practices and controls.
Anti-Money Laundering Internal InvestigationConducted an internal investigation on behalf of the Audit Committee of the Supervisory Board of ABN AMRO Bank N.V. regarding anti-money laundering policies and practices at the bank's US dollar clearing unit.
Representing Former Mortgage Executive in DOJ and SEC InvestigationsRepresenting the former Chief Financial Officer of one of the largest national mortgage originators, now bankrupt, in DOJ and SEC investigations and related shareholder litigation arising from the credit crisis.
Mortgage InvestigationsRepresent the former CEO of a large national bank in SEC and DOJ investigations relating to disclosures of losses in the bank's mortgage portfolio.
Accounting FraudRepresented an auditor at a Big Four accounting firm in an SEC investigation involving allegations of securities fraud and improper professional conduct arising out of the audit of a public company at which members of top management were criminally convicted of engaging in a massive, collusive accounting fraud. After a Wells process, the SEC staff terminated the investigation without commencing an action against the client.
Multi-Faceted Investigation of University GrantsAdvised major U.S. research university in criminal and civil investigation of alleged false claims relating to federal research grants and contracts.
SEC v. Credit BancorpAs court-appointed receiver from 2000 to 2014, successfully led an effort to identify and recover $200 million that had been lost in a Ponzi scheme.
Cross-Border Banking InvestigationRepresented multiple employees of a multinational bank in investigations by the U.S. Attorney’s Office, state criminal prosecutors, SEC, CFTC, U.S. banking regulators and foreign regulators regarding an alleged scheme to overvalue a commodities derivative trading portfolio. Following multiple interviews with law enforcement and regulatory agencies, no charges were brought against clients.
Interpool Audit CommitteeRepresented the Audit Committee of Interpool, Inc., a NYSE-listed company and one of the world's leading lessors of shipping containers and chassis, in an internal investigation arising from an accounting restatement.
Pro Bono Exoneration of Innocent ManFor 13 years, represented Richard Rosario, whose conviction was vacated in March 2016 after he had served 20 years for a crime he did not commit. Case was featured in a Dateline NBC series and on the NBC Nightly News.
Carl Loewenson is recommended by Chambers USA (2013–2018), Best Lawyers in America (2006–2018), Legal 500 US (2012–2017), Benchmark Litigation 2010, and has been selected for inclusion in New York Super Lawyers (2006–2017). Additionally, he was recognized by 2015 Best Lawyers as a New York City Litigation - Regulatory Enforcement (SEC, Telecom, Energy) “Lawyer of the Year.”
“He's just great: great with individuals, a quick study, really calm under pressure - just top-notch.” (Chambers USA 2017)
“Very savvy, sophisticated and successful corporate advocate" who is "extremely pragmatic and intelligent, with excellent judgment.” (Chambers USA 2016)
“Acclaimed for his ‘very experienced and calm’ approach to handling white-collar criminal defense litigation and investigations.” (Chambers USA 2013)
“Very specific on technical details,” and “experienced in dealing with both government agencies and private parties.” (Legal 500 US 2013)
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