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Ted Kornobis

Associate
+1.202.778.9180
Fax +1.202.778.9100

Ted Kornobis is an associate in the government enforcement 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 counsels clients 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 court, the United States Department of Justice, the Securities and Exchange Commission, the Consumer Financial Protection Bureau (CFPB), FINRA, the CFTC, and other government agencies and regulators.

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

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.

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. Mr. Kornobis previously 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 experiences include:

  • 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 a corporation and its board of directors in a shareholder class action lawsuit alleging breach of fiduciary duty and seeking dissolution.
  • Advising and defending large financial institutions with respect to several False Claims Act and FIRREA investigations into mortgage practices, anti-money laundering violations, exposure to federal securities laws liability, and corporate governance matters.
  • Defending independent board members in shareholder derivative and class action lawsuits alleging breaches of fiduciary duty and RICO violations in federal district court and federal appellate court.
  • Representing companies in connection with wide-ranging CFPB investigations, 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, including in investigative testimony, Wells submissions, and litigation of administrative proceeding involving allegations involving fund asset valuation.
  • Conducting internal investigations into possible violations of antifraud statutes, AML and BSA requirements, False Claims Act, Anti-Kickback Act, and banking laws for federal government contractors and large financial institutions.
  • 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 a member of a public company’s board of directors in discovery dispute involving white collar criminal issues, including petitioning for certiorari before the United States Supreme Court.