Daniel Ruzumna is a partner in the firm's Litigation Department and leads its White Collar Defense and Investigations Group. Mr. Ruzumna is also a member of the firm's False Claims Act and Whistleblower Defense Team, Structured Finance Litigation Team, and Sports Group. He has extensive trial and appellate experience, having served as lead counsel in numerous jury trials and arbitrations and having briefed and argued nearly a dozen cases before federal and state courts of appeal.
Mr. Ruzumna's practice focuses on the areas of white collar criminal defense and related regulatory proceedings, internal investigations, asset forfeiture proceedings, and complex financial litigation. He has represented corporations and individuals in many recent high-profile criminal and regulatory investigations involving alleged violations of the securities laws, antitrust laws, tax laws, and Foreign Corrupt Practices Act. Mr. Ruzumna regularly conducts confidential investigations on behalf of clients, including a professional sports league, a university, financial firms, and media and entertainment companies. He has also represented private equity, media and telecommunications clients in complex financial litigations and international arbitrations. His extensive trial experience has earned him a Future Star recognition by Euromoney Institutional Investor PLC's Benchmark: America's Leading Litigation Firms and Attorneys, and has recently been recognized by Chambers USA in the area of white-collar criminal defense and investigations. The guide notes that Mr. Ruzumna “earns praise for his ability to handle both criminal and civil disputes.” Mr. Ruzumna has also been named by Super Lawyers in the area of Criminal Defense: White Collar.
Mr. Ruzumna is a frequent commentator on issues of criminal law, investigations, and asset forfeiture, and is often interviewed for television and newspaper stories on white collar criminal issues. He recently appeared on Bloomberg Television and an affiliate of CNBC to discuss the insider trading laws and recent prosecutions involving alleged violations of the securities laws. Mr. Ruzumna also serves as counsel to the Anti-Money Laundering and Financial Crimes Committee of the Securities Industry and Financial Markets Association (SIFMA), with a focus on anti-corruption compliance issues.
Before joining Patterson Belknap in 2005, Mr. Ruzumna spent six years working at the United States Attorney's Office for the Southern District of New York, where he last served as Acting Chief of the Major Crimes Unit, a unit of more than twenty federal prosecutors dedicated to investigating and prosecuting economic crimes and financial frauds. As a federal prosecutor, Mr. Ruzumna investigated and prosecuted white collar criminal cases involving bank fraud, mail and wire fraud, health care fraud, securities fraud, criminal tax violations, and money laundering. He also prosecuted organized crime and handled civil and criminal asset forfeiture actions. In 2004, Mr. Ruzumna received the Department of Justice's highest honor, the John Marshall Award for Asset Forfeiture, and acted as a lecturer and instructor of trial advocacy at the Department's National Advocacy Center.
After graduation from law school, Mr. Ruzumna served as a Law Clerk to the late Hon. Jay C. Waldman, United States District Court for the Eastern District of Pennsylvania. Mr. Ruzumna then spent almost four years in private practice in Washington D.C. before becoming a federal prosecutor.
White Collar Defense and Regulatory Enforcement
Defense of an insurance brokerage firm charged with mail and wire fraud and ERISA violations by the U.S. Department of Justice relating to its receipt of contingent commissions and other compensation from insurance carriers.
Defense of a major pharmaceutical company in connection with a U.S. Department of Justice investigation and False Claims Act litigation regarding alleged violations of the Anti-Kickback Statute.
Defense of a pharmaceutical manufacturer accused of off-label marketing in a False Claims Act action and the successful defense of an order dismissing the action before the U.S. Court of Appeals for the Fourth Circuit.
Representation of a promotion/marketing company of tax-avoidance strategies in a U.S. Department of Justice investigation into allegedly unlawful tax shelters.
Defense of not-for-profit foundation in connection with civil asset forfeiture proceedings through which the U.S. Department of Justice seeks to forfeit assets valued at more than $300 million.
Representation of a leading “expert network” research firm in connection with insider trading and Martin Act investigation by the U.S. Department of Justice and the N.Y. Attorney General's Office.
Defense of a cleaning and maintenance company charged with fraud and record keeping violations by the N.Y. County District Attorney's Office.
Defense of a “placement agent” firm in connection with investigations and an enforcement action conducted by federal and state securities regulators of the firm's allegedly unlawful ties to state pension fund officials.
Representation of a not-for-profit organization threatened with debarment in connection with a U.S. Department of Justice and U.S. Department of the Interior investigation into the organization's receipt and use of federal grant money.
Representation of a senior executive of an international retail chain in an investigation by the U.S. Department of Justice and Securities and Exchange Commission of alleged Foreign Corrupt Practices Act violations in Mexico and related derivative and shareholder actions.
Representation of the chief executive officer of a telecommunications company in connection with alleged violations of the Foreign Corrupt Practices Act.
Representation of an executive at an international airline in connection with the U.S. Department of Justice investigation into alleged price-fixing in setting fuel surcharges.
Defense of the administrator of certified home health agency in connection with a N.Y. Attorney General investigation of alleged Medicaid fraud.
Defense of an American architect facing federal charges of wire fraud and conspiracy and in connection with extradition proceedings brought on behalf of a foreign government.
Counseling and advisory work to an international insurance company regarding criminal forfeiture issues.
FCPA investigation on behalf of a U.S.-based educational institution with operations in the Middle East regarding potential facilitation payments by third party contractors to foreign officials.
Investigation on behalf of an international media company in connection with alleged improprieties in its performance and billing of a U.S. government contract to provide services.
Investigations on behalf of a professional sports league into alleged “tampering” by one member club with a player under contract with another club, and into alleged “circumvention” of the league's rules regarding its salary cap by member clubs.
Investigation on behalf of a not-for-profit foundation into whether a senior employee had engaged in conduct that breached his fiduciary duties to the foundation.
Investigation on behalf of a foreign private equity firm regarding accusations that a principal was engaged in unlawful practices using the firm's facilities.
Investigation on behalf of a national law firm regarding alleged mishandling of a client representation.
Complex Commercial Litigation
Prosecution of breach of fiduciary duty and other claims on behalf of a Latin American telecommunications company against former controlling shareholder and managers relating to the theft of corporate opportunities and assets valued at hundreds of millions of dollars.
Defense of a foreign corporation in breach of contract action involving complex issues of foreign law and the application of conflict of laws principles.
Representation and counseling of a foreign private equity firm in connection with disputes with co-investors regarding ownership and control of jointly-owned assets.
Defense of investment bankers in federal litigation alleging $750 million in damages arising out of the collapse of the subprime mortgage Collateralized Debt Obligations market.
Representation of financial adviser subject to litigation and arbitration arising from alleged misappropriation of assets, churning, and unsuitability claims.
Defense of real estate developers against breach of contract and breach of fiduciary duty claims brought by disgruntled investor.
Representation of national publishing company in challenging the production of records on First Amendment grounds.
Appearances, Quotations, and Speaking Engagements
Commentator on CNBC India's in-depth news television program, The Firm, entitled “Tapes, Lies and Video Tape,” regarding insider trading laws and the use of expert network research firms, May 2011.
Commentator on Bloomberg Television's Inside Track regarding the investigation and prosecution of United States v. Raj Rajaratnam, and other insider trading cases, April/May 2011. April 2011 May 2011
Interviewee, Law360: Q&A on White Collar Criminal Practice, Dec. 2010.
Presenter, C2C Forum: Balancing Strategy, Success & Risk in a Time of Increased Scrutiny, Economic Uncertainty and Fast-Paced Change, Sept. 2010.
Panelist, New York State Bar Assn.: Financial Penalties and Victims' Rights in White Collar Cases, Nov. 2009.
Speaker, ACI's Nat'l. Conference: Internal Investigations for the Drug & Device Industries, June 2008.
Quoted in The Wall Street Journal, The New York Times, Reuters, The Independent, and Paris Match, among other publications, on financial crimes and other legal matters.
Co-Author, A 1st Look At Potential Reach Of 2nd Circ. Newman Decision, Law360 (January 28, 2015)
District Court Vacates Insider Trading Guilty Pleas in Misappropriation Case in Light of Landmark Newman Decision
Appeals Court Confirms that Results of Internal Investigation are Privileged
FDA Promises Guidance on Lawful Off-Label Promotion
Patterson Belknap Attorneys Increase Recognition in Chambers USA 2015
Firm Achieves Top Rankings in New York and Nationwide in Benchmark Litigation 2015 Guide
William F. Cavanaugh, Jr., named NYC Best Lawyers Litigation - Antitrust Lawyer of the Year
SPEAKING ENGAGEMENTS: Presenter, Building a Global Anti-Corruption Program, SIFMA Anti-Money Laundering & Financial Crimes Conference (February 24, 2015); Insider Trading Liability After United States v. Newman, West LegalEdcenter Webcast (February 10, 2015)