Glen G. McGorty is a member of the White Collar & Regulatory Enforcement Group and the Financial Services Practice, managing partner of Crowell & Moring's New York office. He is also a member of the firm's Management Board and Executive Committee. Glen is an experienced trial lawyer who served almost 15 years as a federal prosecutor in the U.S. Attorney's Office for the Southern District of New York (SDNY) and the U.S. Department of Justice (DOJ) in Washington, D.C.
Glen represents corporate entities and individuals in federal and state criminal and regulatory matters, and in investigations conducted by grand juries, congressional committees, independent and special counsel, and domestic and international law enforcement and regulatory agencies including the DOJ, Securities and Exchange Commission (SEC), the Commodity Futures Trading Commission (CFTC), the Financial Industry Regulatory Authority (FINRA), the New York State Department of Financial Services (DFS), and various State Attorneys General. Glen has also led internal investigations for many corporate clients including multiple international financial institutions, major defense contractors, a global technology company, a global communications company, an international energy company, and a Fortune 100 multinational engineering conglomerate. Glen has also served as a Court-appointed federal monitor, serving since 2014 as the Independent Monitor of the New York City District Council of Carpenters and related Taft-Hartley benefit funds. In 2021, he served as part of the monitor team, overseeing the United Autoworkers' union-wide referendum election.
Glen has been recognized as a leader in the white collar and regulatory enforcement bar by Chambers USA since 2016. Glen is also Chambers ranked in white collar & government investigations where comments about him note, "Glen is a wonderful lawyer and a natural leader who inspires confidence.” As Chambers describes: "not only does [Glen] deliver at a high level, but he also has an excellent bedside manner with clients," he is "in his own category in terms of knowing how to deal with clients, opposing counsel and judges," and he is "very polished, very good on his feet and well respected." Glen has also been named a top-rated white collar criminal attorney by Super Lawyers magazine for the Metro New York area since 2017. In 2019, Glen was recognized as a Distinguished Leader by the New York Law Journal, and City & State New York named Glen to its 2020 and 2021 Law Power 100 List of New York’s “100 most politically powerful lawyers.”
Government Service
Glen joined Crowell & Moring after almost 15 years at the DOJ. During his career with the government, Glen prosecuted and supervised a wide range of significant, high-profile cases, handling white collar matters such as securities fraud, public corruption, wire and mail fraud, money laundering, tax violations, insider trading, accounting fraud and options backdating cases, and other serious criminal cases such as RICO enterprises, international narcotics trafficking, and violent crimes including kidnapping and murder.
While serving as an Assistant U.S. Attorney (AUSA) in the SDNY, Glen was lead counsel in 15 federal jury trials, and he briefed and argued over a dozen cases before the U.S. Court of Appeals for the Second Circuit. He led numerous complex criminal investigations and prosecutions in virtually every sector of the office, including the SDNY's Securities and Commodities Fraud Task Force, and International Narcotics Trafficking Unit. In addition, he served in several senior supervisory positions, managing the SDNY's Narcotics, Violent Crimes, and General Crimes Units, and the Criminal Division itself, where he assisted in the supervision of approximately 150 criminal prosecutors. As Senior Trial Counsel in the SDNY's Public Corruption Unit, Glen oversaw various matters including the federal wiretap investigation and prosecution of New York State Senator Carl Kruger and his co-conspirators.
Before coming to the SDNY, Glen joined the DOJ through the Attorney General's Honors Program, and served more than three years as a Trial Attorney in the Fraud Section of DOJ's Criminal Division in Washington, D.C., and as a Special Assistant U.S. Attorney in the Eastern District of Virginia (EDVA).
In 2007, Glen received the DOJ's Attorney General Award for Distinguished Service, and in 2008, the True American Hero Award from the Federal Drug Agents Foundation.
Selected Representations
Financial Services and Securities Fraud
- Over 75 officers and employees of international financial institutions in connection with multinational criminal and regulatory investigations involving the foreign currency exchange market, residential mortgage-backed securities, U.S. Treasury trading, volatility index trading, accounting fraud, and alleged fraudulent misrepresentations to clients and investors.
- The Special Litigation Committee of a global technology company in connection with securities fraud and breach of fiduciary claims alleged by the New York Attorney General and shareholders.
- A global investment bank in a whistleblowing investigation of alleged manipulation of its electronic trading platform.
- Former managing director and Head of Global Securitized Asset Trading at an international financial institution in a high profile and unprecedented civil action brought pursuant to the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (FIRREA) by the DOJ in the Eastern District of New York (EDNY), United States v. Barclays Capital Inc. et al., 16 Cv. 7057 (KAM) (EDNY). Resulted in a favorable settlement and dismissal of all claims.
- Managing director of an international financial institution’s Municipal Finance Division in an SEC Enforcement Action related to underwriter due diligence in a municipal bond offering.
- A senior executive in connection with a major EDNY fraud prosecution related to the pharmaceutical industry.
- A director at an international financial institution in connection with a FINRA inquiry related to an index valuation.
- A registered representative in connection with a high-profile alleged insider trading investigation conducted by the SDNY and the SEC Division of Enforcement.
- Two strategic financial analysts in connection with an accounting fraud investigation in the SDNY and SEC and a related civil class action lawsuit.
- A former hedge fund trader in connection with a major federal insider trading trial in the SDNY.
- A global supplier of nuclear power facilities and an international pharmaceutical company in a NJ Attorney General inquiry into potential fraud in a tax incentives program.
- The former Chief Operating Officer of an on-line small business lender in an SEC and DOJ investigation.
Foreign Corrupt Practices Act (FCPA) and Public Corruption Investigations
- A managing director at an international financial institution in connection with an international multinational investigation into FCPA violations in Asia.
- A global satellite communications company in an internal investigation of FCPA allegations.
- An international power plant construction company in an internal investigation related to a public corruption prosecution in the SDNY.
- A global engineering company in connection with a federal bribery investigation in Texas.
- A former New York state official as a witness in a criminal public corruption prosecution conducted by the SDNY.
- A New York law firm in connection with an EDNY public corruption grand jury investigation.
Criminal and Civil Antitrust Investigations
- A global engineering company in an internal investigation of potential bid-rigging of several construction projects.
- An international private equity company in a civil antitrust litigation matter in the SDNY.
- Several human resources executives in connection with a DOJ Antitrust investigation.
- International traders in connection with an internal and DOJ Antitrust investigation.
- A global data technology corporation accused of breach of contract in connection with a Federal Trade Commission consent order designed to promote competition in the digital TV ratings measurement industry.
Asset Forfeiture/Money Laundering Investigations
- Former head of AML compliance for a national financial institution in connection with an SDNY criminal investigation and civil enforcement action into violations of The Bank Secrecy Act of 1970 (BSA).
- An international financial institution in a DOJ investigation of allegations of money laundering and BSA violations.
- An international financial institution on several matters, including an internal investigation into several customers’ alleged money laundering activities.
- A multi-strategy hedge fund in connection with asset forfeiture claims and victim fund remission in the SDNY.
False Claims Act and Health Care Investigations
- A major national defense contractor in an internal investigation regarding deviation from government contract design specifications.
- A pool of employees at a publicly-traded pharmaceutical company in connection with a federal criminal and civil health care fraud investigation.
- A health care executive in a criminal RICO, fraud, and money laundering prosecution in the SDNY.
- One of the country’s largest health insurers in connection with a SDNY Civil FCA investigation.
Executive Employment
- A vice president of an international energy conglomerate in an internal expense-related employment inquiry.
- A former principal and senior partner of an international private equity firm in an SEC examination and investigation.
- A national pharmaceutical company in an internal investigation into an alleged sexual assault at a company retreat.
- One of the top art museums in the country in connection with an internal investigation of accusations against its director of tax fraud and creation of a hostile work environment.
Complex Commercial Litigation
- A global data technology corporation accused of breach of contract in connection with a Federal Trade Commission consent order designed to promote competition in the digital TV ratings measurement industry. Resulted in victory in arbitration before the American Arbitration Association (AAA).
- A global communications company defending a Lanham Act false advertising claim regarding wireless technology advertisements in federal court. Resulted in favorable settlement and dismissal of all claims.
- A multi-national pharmaceutical company in affirmative Lanham Act suit against competitor related to false efficacy and safety claims regarding prescription biologic in federal court. Resulted in favorable settlement and discontinuation of offending claims.
- An international luxury goods retailer in connection with a NYC-based lease dispute filed in the SDNY.
Independent Monitorships
- Appointed by the U.S. District Court for the SDNY in 2014 as the Independent Monitor of the New York City District Council of Carpenters and the affiliated Taft-Hartley benefit funds, in connection with the 1994 Consent Decree that installed oversight over anti-corruption measures designed to combat organized crime’s influence over the union.
- Member of the Monitor team appointed in 2021 by the U.S. District Court for the Eastern District of Michigan under a consent decree to oversee the International Union, United Automobile, and Aerospace and Agricultural Implement Workers of America, with specific responsibility to monitor a union-wide referendum to determine the method of voting in future elections of union leadership.
Pro Bono Representations
- A low-level, non-violent drug offender serving a life sentence, who was granted clemency by President Barack Obama in 2015 and released in April 2016 after serving nearly a decade in prison.
- A non-violent drug offender sentenced to an excessively long sentence, who was released in 2014 after serving many years in prison upon discovery of a substantive error at sentencing.
- More than 20 indigent criminal defendants as part of the Criminal Justice Act (CJA) Panel for the U.S. District Court for the SDNY, in cases ranging from narcotics trafficking and racketeering to fraud and bank larceny.
Glen has been a panelist and faculty member at bar association and industry conferences related to criminal investigations and prosecutions, and federal criminal practice. He is an active member of the American Bar Association, the Federal Bar Council, the New York State Bar Association, and the New York City Bar Association.