Areas of Practice
Joseph Jay’s practice encompasses a broad array white collar defense, corporate investigations, and international trade matters. His matters include defense of civil and criminal enforcement actions and investigations, compliance counseling, regulatory advice
White Collar Defense & Corporate Investigations
Joe represents corporations and individuals in a wide range of criminal and regulatory matters before the U.S. Department of Justice, the Securities and Exchange Commission, federal Inspectors General, and U.S. Attorneys’ Offices. His recent matters have included allegations of violations of the Foreign Corrupt Practices Act, securities and accounting fraud, anti-money laundering, antitrust, export controls, and conflicts-of-interest, bribery, and unlawful gratuities.
Joe has conducted numerous internal investigations involving a broad range of alleged or suspected misconduct. He regularly represents Boards of Directors, Audit Committees, and other companies in complex independent and internal investigations around the world involving U.S. law enforcement, U.S. civil regulators, and foreign criminal and civil authorities. His global practice has included matters around the world, including in Europe, Asia, Africa, and North and South America, as well as within the United States. He has broad experience in matters involving the World Bank and other multi-lateral development organizations.
Joe served a leading role in the independent investigation and report on academic irregularities at the University of North Carolina and the investigation into certain conduct by enforcement staff at the National Collegiate Athletic Association.
International Trade, Economic Sanctions & CFIUS
Joe counsels financial institutions and corporations in matters involving export controls and U.S. economic sanctions laws and related regulations. On behalf of clients, he has prepared voluntary disclosures to the Office of Foreign Assets Control, the Directorate of Defense Trade Controls, and the Bureau of Industry and Security at the Departments of the Treasury, State, and Commerce respectively. He has also led internal investigations in these areas.
Joe also represents buyers and sellers in transactions before the Committee on Foreign Investment in the United States (“CFIUS”). He regularly prepares notifications, engages with CFIUS during its review processes, and negotiates mitigation agreements, including proxy and special security agreements, as appropriate. Most recently, Joe represented two Chinese corporations each of which received clearance for their acquisition of U.S. industrial assets.
Joe regularly counsels clients regarding organizational compliance programs and procedures. With a keen understanding of corporate business and an acumen of financial accounting and reporting, Joe has designed, developed, implemented, and tested global compliance programs tailored to individualized risk-based assessments. These compliance programs have involved broad legal and regulatory matters, including anticorruption programs and compliance with Sarbanes-Oxley, OFAC and AML regulations.
Joe earned his J.D. from the William & Mary School of Law, where he was honored with the Phoenix Award for service to the university. He received his undergraduate degree, summa cum laude from The College of William & Mary, where he was recognized for his leadership, scholarship, and service by election to Omicron Delta Kappa. His alma mater has established an award in his honor to recognize outstanding community values, the A. Joseph Jay III Award for Service in Support of Our Community’s Values.
•Rising Star, Super Lawyers, 2015-2018
•Conducted independent investigation into allegations of academic irregularities at the University of North Carolina at Chapel Hill.
•Representation of financial institution in various matters before the OFAC, SEC, and FINRA.
•Representation of two different Chinese buyers of U.S. industrial assets in reviews by CFIUS.
•Representation of audit committee investigating potential accounting irregularities leading to restatement of prior earnings and presentations to SEC.
•Investigation of allegations of improper conduct by investigators in the National Collegiate Athletic Association's (NCAA) Enforcement Staff and a broader review and assessment of the environment, policies and procedures of the NCAA's Enforcement Staff operations.
•Representation of financial institution in money laundering investigation by U.S. Attorney's Office for the Southern District of New York.
•Representation of Swiss banker in criminal tax prosecution in the Southern District of New York.
•Representation of senior executive in criminal and civil investigations of potential violations of the Foreign Corrupt Practices Act.
•Representation of industrial conglomerate in anti-corruption due diligence for acquisition of foreign company with global operations.
•Investigation and due diligence review on behalf of the World Bank Group and the International Finance Corporation into the anti-corruption and anti-collusion compliance programs of companies for projects in sub-Saharan Africa and South America.
•Global compliance review, including due diligence of third-parties around the world, for defense contractor.
•Design and development of global anti-corruption, economic sanction, and anti-money laundering compliance programs for numerous Fortune 1000 companies in the defense, industrial, financial, and consumer products spaces.
•Representation of multinational defense contractor in criminal investigation of potential violations of the FCPA.
•Representation of government contractor in technology space involving potential allegations of fraud, gratuities, conflicts of interest, and false claims.
•Representation of financial institution in voluntary disclosure to Office of Foreign Assets Control regarding potential violations.
•Representation of Fortune 500 industrial company into allegations of violations of the FCPA.
•Representation of senior executives of aerospace, defense, and industrial Fortune 1000 companies in investigations by U.S. Department of Justice, Securities and Exchange Commission, and other law enforcement agencies and regulators.
• From the Big Easy to the Big Ten, and Beyond , University Business, March 14, 2019 (Jonathan Aronie, David Douglass, Joseph Jay)
• From The Big Easy to The Big Ten, And Beyond , October 2018 (Jonathan Aronie, David Douglass, Joseph Jay)
• How Colleges Can Avoid Title IX Pitfalls, University Business, March 28, 2017
• 5 Lessons For Colleges From Stanford Sexual Assault Case, Law 360, August 18, 2016
•Independent Investigations in Higher Education, Bloomberg BNA White Collar Crime Report, July 11, 2016
• The Unique Aspects of Independent Investigations in Higher Education. American Journal of Trial Advocacy, Mar 31, 2016
• The Stockman Decision: An Expansion of Indemnification and Advancement Rights in Limited Partnerships, Thomson Reuters, September 01, 2009
Global Trade Law Blog
• Comment Deadline Extended: Export Controls on Emerging Technologies, December 11, 2018
• Client Alert: Iran Sanctions Return, May 11, 2018
•Turn in your smartphones! How Mueller kept a lid on Trump-Russia probe
Reuters , March 22, 2019
•INSIGHT: I Helped Investigate 18 Years of Paper Classes at UNC-Lessons for the Admissions Scandal
Bloomberg Law , March 22, 2019
•Sheppard Mullin Adds Ex-Cadwalader White Collar Pro In DC
Law360 , March 20, 2018
•Global Compliance and Investigation Essentials
Sheppard Mullin San Francisco , April 30, 2019
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