John M Bray (Jack)

SEC Enforcement Matters

• Shareholders of Public Companies. Represented a substantial shareholder in a publicly traded casino operator in SEC Enforcement Division investigation of the firm’s financial reporting. Represented shareholders in several public companies in SEC insider trading investigations.
  
  
• Public Companies. Represented a public company in an SEC Enforcement Division investigation of the firm’s financial reporting, and in defense of a civil action brought against the firm by the SEC.
  
  
• Accounting Firms and Partners. Represented nine current and former partners of a Big Four Accounting Firm in an investigation by the SEC and Department of Justice. The accounting firm was investigated for allegedly helping the bank remove a large portfolio of underperforming loans from the bank’s balance sheet and helping it achieve special purpose entity accounting treatment. The SEC and the Department of Justice brought civil enforcement proceedings and entered Deferred Prosecution Agreements with certain parties in the case. However, none of King & Spalding’s nine clients were charged in any proceedings.
  
  
• Law Firms and Partners. Represented a partner in a major law firm in an SEC Enforcement Division proceeding, a grand jury investigation, and a Bar disciplinary proceeding arising from charges of insider trading and perjury before the SEC.
  
  
• Miscellaneous Individuals. Represented a number of individuals before the SEC Enforcement Division in formal and preliminary investigations, in joint SEC/Department of Justice investigations, in making Wells submissions, in SEC disciplinary proceedings, and in defending civil injunction and disgorgement actions in various U.S. District Courts.
  
  
• Financial Crisis Cases. Represented officials of the government sponsored financial entities, and other mortgage based securities portfolio management firms, in connection with government and regulatory investigations of the conduct of such organizations in originating mortgages, performing risk analyses, and in connection with acquiring the swaps and the insurance to reduce such risks in each industry segment of mortgage lending.

Financial and Business Trials

• Successfully defended the chief defendant from a major chemical manufacturer indicted in a pesticide pollution conspiracy case.
  
  
• Won an acquittal for an official of an international aerospace firm in the then largest ever government contract fraud criminal case.
  
  
• Defended corporations and their officials in Operation Ill Wind and other major federal task force cases.
  
  
• Represented corporations and their officials in complex international cases involving foreign payments, export control violations, government financing and guarantees of export transactions, and other financial transactions.
  
  
• Defended many public officials in public integrity cases, including defendants in the Maryland political corruption cases.
  
  
• Represented two foreign heads of Government, and the family of a third. He represented President Hosni Mubarak of Egypt in civil litigation and defended Ferdinand Marcos, Jr. and Irene Marcos in criminal contempt proceedings related to the investigation of former President Marcos.
  
  
• Defended one of the Nixon White House officials in the Watergate cover-up case. His client was the only White House aide indicted in the case who was not convicted.
  
  
• Represented a defendant in the trial of the then largest international antitrust conspiracy investigation and prosecution.
  
  
• Represented members of Congress and White House officials.
  
  
• Defended a number of major law firms and lawyers against malpractice damage suits, fiduciary breach claims, and fraud and RICO counts.
  
  
• While in government service, Mr. Bray tried many tax cases for the Department of Justice in federal courts across the country, but also volunteered for work in civil rights cases, including service at the University of Mississippi during the first week of its integration in 1962, and the ensuing investigation of the riot and killings at the University.
  
  
• An appellate advocate as well, he has briefed and argued cases before a majority of the federal courts of appeals.