Jeff Severson
Overview
Jeffrey M. Severson represents individual and corporate clients facing complex, high-stakes criminal and regulatory investigations initiated by the full slate of federal and state regulators. Jeff uses his experience navigating the complex demands of regulatory investigations and criminal prosecutions to fashion effective defense strategies and collaborate with his clients to guide them to successful outcomes.
Career & Education
- Fordham University School of Law, J.D., cum laude, 2013
- Carleton College, B.A., magna cum laude, history
- Columbia University, M.A., political science
- California
- Colorado
- New York
- U.S. District Court for the Eastern District of New York
- U.S. District Court for the Southern District of New York
Jeff's Insights
Client Alert | 03.08.24
On March 6, 2024, the U.S. Securities and Exchange Commission (SEC) voted to finalize a rule that requires regulated issuers to disclose information regarding their greenhouse gas (GHG) emissions and other climate-related information. First proposed in 2022, the final rule has been scaled back in some significant ways from what was initially proposed. Notably, the final rule requires only large accelerated filers and non-exempted accelerated filers to disclose direct and energy-related (Scope 1 and 2)[1] GHGs—and only if such emissions are material to the business strategy, results of operations, or financial condition of a registrant—with no Scope 3 requirement to report on other indirect emissions (Scope 3). By comparison, the proposed rule would also have required Scope 1 and 2 emissions disclosures for all types of regulated entities regardless of materiality, and Scope 3 disclosures required of certain filers if material. The final rule reflects a heightened focus on materiality regarding disclosures of climate-related risks, and adjusts assurance requirements. It also extends the timing of GHG reporting, when required, to at least 2026 (for FY 2025 data) and phases in the assurance requirements. As soon as the SEC voted to finalize the rule, ten states (West Virginia, Georgia, Alabama, Alaska, Indiana, New Hampshire, Oklahoma, South Carolina, Virginia, and Wyoming) filed a petition for review in the Eleventh Circuit challenging the final rule.
Firm News | 2 min read | 12.01.23
Crowell & Moring Named to “GIR 100” for Ninth Consecutive Year
Publication | 11.07.23
What To Do If Your Client Is Under Congressional Investigation
Client Alert | 7 min read | 10.16.23
Representative Matters
- Represented a managing director at a U.S. investment bank in a DOJ, SEC, and Federal Reserve Board investigation into possible FCPA violations in Asia. In defending an enforcement action brought by the Federal Reserve, negotiated a settlement involving no monetary penalty or admission of liability.
- Representing multiple corporations in investigations into hiring practices (no-poach/nonsolicitation).
- Representing an international pharmaceutical company in a New Jersey Office of the Attorney General inquiry into potential fraud in a tax incentives program.
- Representing a pool of employees at a publicly traded pharmaceutical company as part of a DOJ health care fraud investigation.
- Representing multiple traders as part of SEC securities fraud investigations.
- Representing multiple broker-dealers in FINRA enforcement actions.
Jeff's Insights
Client Alert | 03.08.24
On March 6, 2024, the U.S. Securities and Exchange Commission (SEC) voted to finalize a rule that requires regulated issuers to disclose information regarding their greenhouse gas (GHG) emissions and other climate-related information. First proposed in 2022, the final rule has been scaled back in some significant ways from what was initially proposed. Notably, the final rule requires only large accelerated filers and non-exempted accelerated filers to disclose direct and energy-related (Scope 1 and 2)[1] GHGs—and only if such emissions are material to the business strategy, results of operations, or financial condition of a registrant—with no Scope 3 requirement to report on other indirect emissions (Scope 3). By comparison, the proposed rule would also have required Scope 1 and 2 emissions disclosures for all types of regulated entities regardless of materiality, and Scope 3 disclosures required of certain filers if material. The final rule reflects a heightened focus on materiality regarding disclosures of climate-related risks, and adjusts assurance requirements. It also extends the timing of GHG reporting, when required, to at least 2026 (for FY 2025 data) and phases in the assurance requirements. As soon as the SEC voted to finalize the rule, ten states (West Virginia, Georgia, Alabama, Alaska, Indiana, New Hampshire, Oklahoma, South Carolina, Virginia, and Wyoming) filed a petition for review in the Eleventh Circuit challenging the final rule.
Firm News | 2 min read | 12.01.23
Crowell & Moring Named to “GIR 100” for Ninth Consecutive Year
Publication | 11.07.23
What To Do If Your Client Is Under Congressional Investigation
Client Alert | 7 min read | 10.16.23
Insights
Jeff's Insights
Client Alert | 03.08.24
On March 6, 2024, the U.S. Securities and Exchange Commission (SEC) voted to finalize a rule that requires regulated issuers to disclose information regarding their greenhouse gas (GHG) emissions and other climate-related information. First proposed in 2022, the final rule has been scaled back in some significant ways from what was initially proposed. Notably, the final rule requires only large accelerated filers and non-exempted accelerated filers to disclose direct and energy-related (Scope 1 and 2)[1] GHGs—and only if such emissions are material to the business strategy, results of operations, or financial condition of a registrant—with no Scope 3 requirement to report on other indirect emissions (Scope 3). By comparison, the proposed rule would also have required Scope 1 and 2 emissions disclosures for all types of regulated entities regardless of materiality, and Scope 3 disclosures required of certain filers if material. The final rule reflects a heightened focus on materiality regarding disclosures of climate-related risks, and adjusts assurance requirements. It also extends the timing of GHG reporting, when required, to at least 2026 (for FY 2025 data) and phases in the assurance requirements. As soon as the SEC voted to finalize the rule, ten states (West Virginia, Georgia, Alabama, Alaska, Indiana, New Hampshire, Oklahoma, South Carolina, Virginia, and Wyoming) filed a petition for review in the Eleventh Circuit challenging the final rule.
Firm News | 2 min read | 12.01.23
Crowell & Moring Named to “GIR 100” for Ninth Consecutive Year
Publication | 11.07.23
What To Do If Your Client Is Under Congressional Investigation
Client Alert | 7 min read | 10.16.23
