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Theodore L. Kornobis

Fax +1.202.778.9100

Ted Kornobis is a partner 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 public and private companies 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 Department of Transportation, the Environmental Protection Agency (EPA), and other government agencies and regulators.

He assists clients with investigations and litigation touching on potential regulatory, civil, or criminal exposure across a range of issues, including the federal securities laws, the False Claims Act (FCA), and the Bank Secrecy Act (BSA) and anti-money laundering (AML) regulations. His litigation practice includes qui tam actions, class action and shareholder derivative lawsuits, agency rulemaking challenges, and white collar disputes.

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

Mr. Kornobis is involved in pro bono matters at K&L Gates, representing clients on matters involving housing, civil rights, public benefits, child custody, and other issues. He 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 (FTC), the Federal Communications Commission (FCC), 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 is certified in Legal Project Management by the LPM Institute.

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

Government Enforcement 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 fraud, false statements, and violations of the Clean Air Act and other environmental laws.
  • Defending several large financial institutions in False Claims Act and FIRREA investigations by the U.S. Department of Justice, HUD, and Offices of Inspectors General (OIG) regarding residential mortgage origination and servicing practices.
  • Representing internet-based consumer marketplace in CFPB investigation, including formal investigative hearings and responses to civil investigative demands.
  • Defense of emerging technology company in SEC investigation and testimony, resulting in declination of enforcement action.
  • Defending members of mutual fund’s board of directors in SEC enforcement proceedings involving fund asset valuation issues.
  • Representing mutual fund and variable annuity provider in SEC investigation regarding VA product offerings and marketing.
  • Representing broker-dealer division of national financial institution in FINRA investigation related to advertising and registration regulations.
Internal Investigations
  • Conducting extensive 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.
  • 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
  • Successfully obtained dismissal of all claims in False Claims Act qui tam litigation alleging fraud in connection with small business requirements in government contracts.
  • Obtained dismissal of all counts against former CEO of manufacturing, energy, and telecommunication company in federal securities class action lawsuit.
  • Defended and obtained summary judgment on behalf of mutual fund provider in excessive fee litigation in federal district court under Section 36(b) of the Investment Company Act.
  • Successful defense of independent board members in federal shareholder derivative and class action lawsuits alleging breaches of fiduciary duty and RICO violations.
  • Obtained dismissal of class action lawsuit against brokerage firm alleging breaches of contract and tort duties in operation of online automatic trading platform.
  • Successful prosecution of claim on behalf of higher education institution in binding arbitration involving issues of contract interpretation and employment law.
  • Representing companies and boards of directors in shareholder class action and derivative lawsuits in federal and state courts, involving claims of federal and state securities law violations, breaches of fiduciary duty, corporate dissolution, and common law claims.
  • 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 on behalf of a member of a public company’s board of directors in a 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 shareholder derivative suit.