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Ted Kornobis

Associate
+1.202.778.9180
Fax +1.202.778.9100
Ted Kornobis is a government enforcement and litigation attorney in the Investigations, Enforcement, and White Collar group in the Washington, D.C. office. His practice focuses on complex civil and white collar criminal litigation, enforcement actions by various government authorities, and internal investigations. He also represents clients in private litigation and provides counsel on corporate governance and compliance matters.

Mr. Kornobis represents individuals and corporations, including public and private companies, investment companies, investment advisers, and broker-dealers before state and federal courts, the United States Department of Justice (DOJ), the Securities and Exchange Commission (SEC), the Consumer Financial Protection Bureau (CFPB), FINRA, the CFTC, the Environmental Protection Agency (EPA), and other government agencies and regulators.

He also assists clients with internal investigations into complex matters touching upon potential regulatory, civil, or criminal exposure across a range of issues, including from the federal securities laws, the False Claims Act (FCA), the Anti-Kickback Act, the Federal Acquisition Regulation (FAR), and the Bank Secrecy Act (BSA) and anti-money laundering (AML) regulations.

On litigation matters, Mr. Kornobis represents clients at the district/trial court and appellate levels. His appellate practice includes challenges to agency administrative actions and rulemakings, shareholder derivative and class action lawsuits, and white collar disputes.

Mr. Kornobis has been recognized as a Rising Star of Law by DCA Live in its annual Top 40 Under 40 list of Washington legal talent for 2018. He  also has been selected as a Top Rated securities litigation attorney and Rising Star by Super Lawyers.

Mr. Kornobis is also involved in pro bono matters at K&L Gates, representing clients on matters involving housing, public benefits, child custody, and other issues. He also serves on the board of a non-profit organization that provides new and used clothing for the homeless population in the Washington, D.C. region.

Professional Background

Mr. Kornobis worked as a law student clerk for the Institute for Public Representation, where he represented non-profit organizations in the communications and media industry on matters before the Federal Trade Commission, the Federal Communications Commission, and federal court. Prior to law school, Mr. Kornobis worked at a strategic communications and public policy firm in Washington, D.C., at a healthcare trade association, and on political campaigns.

Mr. Kornobis represents clients on a broad range of enforcement, litigation, compliance and investigation matters. Some of his representative experiences include:

Government Enforcement Actions, Litigation, and White Collar Criminal Cases
  • Successful defense of a former executive at a Fortune 100 company in federal litigation against the SEC involving complex allegations of improper revenue recognition, resulting in all charges being dismissed after over four years of litigation.
  • Representing several individuals in wide-ranging international white collar criminal investigations regarding allegations of potential fraud, false statements, and violations of the Clean Air Act and other environmental laws.
  • Defending several large financial institutions with respect to False Claims Act and FIRREA investigations by the U.S. Department of Justice, HUD, and inspectors general into residential mortgage origination and servicing practices.
  • Representing internet-based consumer marketplace in CFPB investigation, including in formal investigative hearings conducted by the Bureau and responding to civil investigative demands.
  • Defending members of mutual funds’ board of directors in SEC enforcement proceedings involving fund asset valuation issues, including in investigative testimony, Wells submissions, and litigation of administrative proceeding.
  • Defending an investment adviser and its principals in federal litigation with the SEC involving matters relating to valuation of securities and alleged conflicts of interest.
  • Representing mutual fund and variable annuity provider in SEC investigation regarding VA product offerings and marketing.
  • Defense of emerging technology company in SEC investigation and testimony, resulting in declination of enforcement action.
  • Representing broker-dealer division of national financial institution in FINRA investigation related to advertising and registration regulations.

Internal Investigations
  • Conducting months-long internal investigation for global financial institution regarding anti-money laundering activities at broker-dealer subsidiary and branch offices.
  • Assisting large financial institutions with internal investigations into issues involving potential False Claims Act and FIRREA liability related to mortgage practices.
  • Conducting internal investigation into possible violations of False Claims Act and Anti-Kickback Act for federal government contractor, and assisting client with self-reporting to government agencies.

Private Litigation and Commercial Disputes
  • Successful defense of independent board members in federal shareholder derivative and class action lawsuits alleging breaches of fiduciary duty and RICO violations.
  • Representing a corporation and its board of directors in a shareholder class action lawsuit alleging breach of fiduciary duty and seeking dissolution, resulting in successful settlement.
  • Successful prosecution of claim on behalf of higher education institution in binding arbitration involving issues of contract interpretation and employment law.
  • Defending mutual fund provider in excessive fee litigation in federal district court under Section 36(b) of the Investment Company Act.
  • Successful defense of energy company in False Claims Act litigation related to federal renewable energy credit program.
  • Representing recreational facility in class action litigation involving consumer statute and contract claims.

Appellate Litigation
  • Challenge to federal agency action in petition before United States Court of Appeals for the D.C. Circuit under the Administrative Procedures Act, resulting in successful settlement modifying challenged agency procedures.
  • Petition for writ of certiorari with the United States Supreme Court in connection with representing a member of a public company’s board of directors in discovery dispute involving white collar criminal issues.
  • Obtaining affirmance in United States Court of Appeals for the Second Circuit of a district court order dismissing claims against mutual fund directors in shareholder derivative suit.