The Empire State Building and New York’s skyline. October 18, 2021. REUTERS/Eduardo Munoz

Quinn Emanuel taps SEC lawyer to co-chair enforcement practice

Nov 1 (Reuters) – Quinn Emanuel Urquhart & Sullivan has turned to a five-year veteran of the U.S. Securities and Trade Fee and a former Goodwin Procter fairness accomplice to co-chair its SEC enforcement practice.

Sarah Heaton Concannon has joined Quinn Emanuel’s Washington, D.C. and New York workplaces as a accomplice, the agency mentioned Monday, one month after Concannon resigned from her position as senior trial counsel on the SEC.

Concannon was among the many SEC attorneys who pressed claims towards the Kraft Heinz Firm and two of its former executives that they falsified provider contracts to obtain price financial savings in a multi-year accounting scheme. The corporate and the executives agreed to pay greater than $62 million to settle the fees in September.

Prior to becoming a member of the SEC in 2016, Concannon spent 14 years at Goodwin, turning into an fairness accomplice on the Boston-founded agency. Concannon mentioned she joined Quinn Emanuel due to the energy of the litigation-only agency’s trial practice in addition to its consumer base.

“For the type of trial work I do and the clients I like to do it on behalf of, it really seems like the perfect fit for me,” Concannon mentioned.

Different regulation corporations have additionally been aggressively recruiting former SEC attorneys. Final week McGuireWoods expanded its securities enforcement bench with John Ayanian, a longtime Morgan, Lewis & Bockius lawyer with SEC expertise.

Different regulation corporations which have introduced on companions with SEC experience over the previous few months embrace Dentons, Willkie Farr & Gallagher, Skadden, Arps, Slate, Meagher & Flom and Steptoe & Johnson.

“This is a time of sweeping activity in securities enforcement and regulation, and Sarah is just the person to help us build out this critical practice area,” Michael Liftik, the co-chair of Quinn Emanuel’s SEC enforcement practice and co-managing accomplice of its D.C. workplace, mentioned in an announcement.

Learn Extra:

McGuireWoods boosts securities enforcement workforce with Morgan Lewis accomplice

Kraft, execs to pay greater than $62 mln over U.S. accounting scheme prices

Reporting by David Thomas

David Thomas

David Thomas studies on the enterprise of regulation, together with regulation agency technique, hiring, mergers and litigation. He’s primarily based out of Chicago. He might be reached at [email protected] and on Twitter @DaveThomas5150.