Reed Brodsky is a partner in Gibson Dunn’s New York office. He is a nationally-recognized trial lawyer and litigator best known for his success as lead trial counsel in two of the most high-profile white collar criminal cases in recent memory, United States v. Raj Rajaratnam in 2011, and United States v. Rajat Gupta in 2012. Before recently joining Gibson Dunn, Mr. Brodsky spent the past eight years serving as an Assistant United States Attorney in the United States Attorney’s Office for the Southern District of New York, where he won all seven of his white collar criminal trials and multiple non-white collar trials. Mr. Brodsky is a member of the Firm’s Litigation, Crisis Management, Securities Enforcement, and White Collar Defense and Investigations Groups.
Mr. Brodsky is a seasoned trial lawyer with an outstanding track record. He has been called a “tenacious” and “tireless” advocate by commentators, colleagues, and adversaries alike. The New York Times described Mr. Brodsky as an “animated” “work horse” who “endear[s] himself to juries with impassioned, eloquent presentation.” The Wall Street Journal noted Mr. Brodsky has a “legendary work ethic” and “string of victories.” Reuters described Mr. Brodsky as “a commanding presence in the courtroom” who impresses with his “blistering cross-examination.” The New York Post said Mr. Brodsky is “known for winning … and ferocity.” And The New Yorker described him as an “ebullient and aggressive” “trial animal.”
Mr. Brodsky’s areas of expertise include trial work, white collar crime, securities enforcement proceedings, corporate internal investigations, compliance counseling, and complex civil litigation. Mr. Brodsky has extensive experience representing institutions, hedge funds, issuers of securities, board committees, and individuals in connection with investigations, litigation, and SEC enforcement proceedings under the federal securities laws. Mr. Brodsky has counseled numerous hedge funds on securities trading and compliance matters.
Mr. Brodsky has received national recognition and many awards for his achievements and litigation skills. In 2012, Mr. Brodsky received the Attorney General’s Award for Distinguished Service; and in 2013, Mr. Brodsky received the Executive Office of U.S. Attorney’s Director’s Award for Superior Performance by a Litigative Team. Lawdragon Magazine cited Mr. Brodsky among the “500 Leading Lawyers in America” in 2012. Ethisphere Magazine named him one of 14 “Government Stars” in 2011.
Mr. Brodsky is part of the Gibson Dunn trial team that represented Chevron Corporation in its successful effort to block enforcement of a 2003 judgment for $9 billion in an environmental case in Ecuador.
From 2004 to 2013, Mr. Brodsky served as an Assistant United States Attorney in the United States Attorney’s Office for the Southern District of New York. For over 6 of those years, Mr. Brodsky was a member of the Securities and Commodities Fraud Task Force, and investigated and prosecuted a wide range of fraud including insider trading, accounting fraud, investment adviser fraud, commodities fraud, options backdating, market manipulation, broker bribery, hedge fund frauds, and Ponzi schemes; mail/wire fraud; money laundering; and obstruction. Mr. Brodsky also coordinated parallel civil proceedings with the SEC, bankruptcy trustees, and court-appointed receivers, and he litigated criminal forfeiture proceedings. He is a leading national expert on insider trading investigations after successfully prosecuting with others more than 50 individuals for insider trading crimes; using wiretaps in an insider trading trial for the first time in U.S. history; prosecuting the first matchmaking insider trading case in U.S. history; and authoring the first federal wiretaps on a conference line in U.S. history.
The following are Mr. Brodsky’s representative matters as a federal prosecutor:
- United States v. Rajat Gupta: Co-lead counsel in the successful investigation and one-month trial of a former member of the board of directors of several public companies for insider trading.
- The Galleon Prosecution: Co-lead counsel in the successful two-month trial of Raj Rajaratnam, the head of the Galleon Group hedge fund, and the successful investigation and prosecution of his accomplices, including Anil Kumar, Rajiv Goel, Robert Moffat, and Mark Kurland.
- United States v. Joseph F. Skowron et al.: Co-lead counsel in the successful prosecution of the former portfolio manager at FrontPoint Partners and the French medical doctor who tipped him in the first matchmaking insider trading case in history.
- United States v. Walter Shimoon et al.: Co-lead counsel in the successful investigation and prosecution of the first matchmaking firm employee charged with insider trading and multiple “experts” at public companies.
- United States v. Anthony Chiasson et al.: Co-lead counsel in the successful investigation and prosecution of a network of individuals at multiple hedge funds for insider trading.
- United States v. Zvi Goffer et al.: Co-lead counsel in the successful investigation and prosecution of proprietary traders who obtained inside information from an international law firm.
- United States v. Joseph Contorinis et al.: Co-lead counsel in the successful investigation and three-week trial in the first hedge fund insider trading case to go to trial.
- United States v. Hafiz Naseem: Co-lead counsel in the successful investigation and four-week trial of a former investment banker for insider trading.
- United States v. Arthur Nadel: Co-lead counsel in the successful investigation and prosecution of the former Florida hedge fund manager for operating a Ponzi scheme that defrauded hundreds of victims out of more than $150 million.
- United States v. Raffaello Follieri: Lead prosecutor in the successful investigation and prosecution of a former manager of a real estate private equity fund for misappropriation and misrepresentations as a Vatican representative.
- United States v. Jennifer Wang et al.: Lead prosecutor in the successful investigation and prosecution of a former banker and hedge fund employee in an insider trading scheme.
- United States v. Matthew Devlin et al.: Co-lead prosecutor in the successful investigation and prosecution of a former Lehman Brothers broker and his accomplices for insider trading.
- United States v. Michael Nouri et al.: Co-lead prosecutor in the successful investigation and four-week trial of the former CEO of a publicly traded company for market manipulation and broker bribery.
From 1998 to 2004, Mr. Brodsky practiced as a litigator in the Washington, D.C. office of two major international law firms where he specialized in corporate investigations, white collar defense, and SEC enforcement matters. During that period, Mr. Brodsky represented the Special Investigative Committee of the Board of Directors of Enron in an internal investigation relating to transactions between Enron and its former CFO’s partnerships. In addition, Mr. Brodsky represented the Special Investigative Committee of the Board of Directors of WorldCom in an internal investigation of the fraudulent capitalization of line costs and improper revenue adjustments by former executives.
Mr. Brodsky speaks regularly on topics relating to white collar crime, insider trading, SEC enforcement, hedge funds, and lessons from recent corporate scandals. His most recent speaking engagements include:
- Speaker, “The Inside Stuff: The Perils of an Information Advantage,” at SALT 2013 (Skybridge Alternatives Conference), in Las Vegas, NV (May 2013)
- Panelist, “Investigation, Enforcement & Prosecution of Hedge & PE Managers,” at Regulatory Compliance Association’s Conference on Regulation, Operation & Compliance 2013, in New York, NY (April 2013)
- Panelist, “Recent Trials: Gupta; Edwards; and Blagojevich,” at ABA’s 27th Annual National Institute on White Collar Crime, in Las Vegas, Nevada (March 2013)
- Keynote Speaker, “DOJ Criminal Priorities in Insider Trading and Securities Fraud Prosecutions,” American Conference Institute’s Inaugural Summit on White Collar Litigation, in NY, NY (January 2013)
- Panelist, “Best Practices to Prevent Insider Trading and Emerging Law Enforcement Issues for Hedge Funds,” at Managed Funds Association: Compliance 2012, in NY, NY (November 2012)
- Panelist, “Present, and Future of Insider Trading: A 50th Anniversary Re-Examination of Cady, Roberts and the Revolution it Began,” at Columbia Law School, in NY, NY (November 2012)
- Panelist, “Insider Trading: What Are The Limits?,” at 7th Annual National Institute on Securities Fraud, in New Orleans, LA (November 2012)
- Keynote Speaker, “High-Profile White Collar Trial Tactics,” Vanderbilt University School of Law, in Nashville, TN (November 2012)
- Panelist, “Trial Tactics,” at PLI’s White Collar Crime 2012: Prosecutors and Regulators Speak, in NY, NY (October 2012)
- Panelist, “Insider Trading/Expert Networks---Galleon Trial Team,” at 2012 New England Securities Conference for Regulators, Investigators, and Prosecutors, in Boston, Massachusetts (October 2012)
- Speaker, “Title III Wiretaps in White Collar Cases,” at U.S. Department of Justice’s National Advocacy Center, in Columbia, South Carolina (July 2012)
- Panelist, “New Paradigm of White-Collar Prosecution & Enforcement---Regulator Round Table,” Spring RCA’s Regulation & Risk Thought Leadership Symposium, in NY, NY (April 2012)
- Panelist, “Creative Investigative Techniques In White Collar Cases,” at ABA’s 26th Annual National Institute on White Collar Crime, in Miami, Florida (March 2012)
- Speaker, “Title III Wiretaps in White Collar Cases,” at U.S. Department of Justice’s National Advocacy Center, in Columbia, South Carolina (December 2011)
- Panelist, “Insider Trading: When Does Corporate ‘Edge’ Become Corporate Espionage?” at 6th Annual National Institute on Securities Fraud, in New Orleans, LA (November 2011)
Mr. Brodsky graduated in 1995 from Vanderbilt University School of Law where he was a member of the Honor Council and an editor of the Vanderbilt Journal of International Law. He received his Bachelor of Arts magna cum laude from Duke University in 1991. After graduation, he served as a law clerk for United States District Court Judge Hector M. Laffitte, in the District Court of Puerto Rico.