Government Investigations · Enforcement · White Collar Defense

Richard M.
Strassberg

Partner and Co-Chair of Goodwin's white collar defense practice, and former Chief of the Major Crimes Unit at the U.S. Attorney's Office for the Southern District of New York.

30+Years in Trial & Defense Work
25AUSAs Once Supervised
16Years Ranked, Chambers USA
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Profile

Rich leads Goodwin's Government Investigations, Enforcement & White Collar Defense practice, where he handles criminal defense matters, SEC enforcement actions, FCPA reviews, internal corporate investigations, and high-stakes commercial litigation. He previously sat on the firm's Executive Committee.

Before entering private practice, Rich ran the Major Crimes Unit inside the U.S. Attorney's Office for the Southern District of New York, overseeing roughly two dozen federal prosecutors handling the office's white collar caseload — from securities fraud to public corruption.

He now serves as a Regent of the American College of Trial Lawyers, one of the most selective trial-lawyer organizations in the country, and previously chaired its Downstate New York committee. Twice, The American Lawyer named him "Litigator of the Week" for verdicts in cases that drew national attention — among them the first credit-derivatives insider trading prosecution and the KPMG tax shelter trial.

"A seasoned trial lawyer, effective in the courtroom, with sophistication to match."

— Market Sources, Chambers USA

At a Glance

BaseNew York
JDHarvard Law, 1988 (cum laude)
BSCornell University, 1985 (with distinction)
ClerkshipHon. Robert J. Ward, SDNY
AdmittedNew York
Courts2nd & 3rd Cir.; EDNY, SDNY
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Areas of Practice

A practice built at the intersection of criminal exposure, regulatory scrutiny, and complex civil litigation.

01Government Investigations, Enforcement & White Collar Defense
02Securities Litigation & SEC Enforcement
03Complex Litigation & Dispute Resolution
04Business & Commercial Litigation
05Financial Services & Financial Services Litigation
06Consumer Financial Services
07False Claims Act
08State Attorneys General — Regulation & Enforcement
09Higher Education
NO. 03

Notable Matters

A selection of representative engagements — spanning individual defense, corporate investigations, and civil trial work. Full docket available on request.

No. 001Financial Services

Former CEO, Wells Fargo Bank

Counsel in securities litigation and government inquiries stemming from the bank's unauthorized-accounts matter.

No. 002Securities

Former CEO, Petrobras

Lead trial counsel in SDNY civil securities litigation concerning disclosure obligations tied to alleged corruption.

No. 003Insider Trading

Former Portfolio Manager, SAC Capital

Defense against what prosecutors called the largest insider trading case on record, involving more than $276 million in alleged gains.

No. 004Tax

Former Partner, KPMG

Full acquittal after a two-and-a-half-month trial in what the government described as the largest criminal tax case in U.S. history — while co-defendants were convicted on multiple counts.

No. 005Fixed Income

Deutsche Bank Trader

All charges dismissed after a month-long bench trial in the first-ever credit default swap insider trading case.

No. 006Pharmaceuticals

Former President, Worldwide Medicines, Bristol-Myers Squibb

After five years of pretrial litigation and an affirmed Third Circuit ruling, secured dismissal via deferred prosecution agreement in a "channel stuffing" case.

No. 007FCPA

Executive, Avon Products (China)

Representation in DOJ and SEC inquiries into alleged FCPA violations tied to gifts and entertainment for Chinese officials.

No. 008Digital Assets

NYSE-Listed Crypto-Adjacent Company

Representation in an SEC inquiry into alleged misstatements and accounting practices.

No. 009Mortgage

Ocwen Financial & PHH Mortgage

Lead trial counsel in a class action alleging anti-kickback and RESPA violations tied to mortgage reinsurance.

No. 010Credit Crisis

Countrywide Financial & Countrywide Home Loans

Defended a FIRREA and False Claims Act matter over mortgage loan sales; the Second Circuit later directed judgment dismissing all claims.

No. 011Banking

Wegelin & Co.

Defense of the world's oldest private Swiss bank against DOJ, IRS, and U.S. Attorney's Office tax-evasion allegations.

No. 012Corporate Governance

Audit Committee, Puda Coal, Inc.

Internal investigation into alleged large-scale asset diversion by Chinese officers, plus related civil securities defense.

No. 013Internet Privacy

Direct Revenue & Founders

Full dismissal secured in a case the New York Attorney General billed as the largest internet spyware matter on record.

No. 014ERISA

Multinational Investment Bank

Lead trial counsel in retirement-plan litigation, settled on favorable terms after extensive expert cross-examination preparation.

No. 015Trade Secrets

International Electronics Company

Successful defense against trade secret, contract, and interference claims, including a two-week ICC arbitration in London.

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Recognition

2026

Named Lawyer of the Year, Criminal Defense (General Practice), New York City — Best Lawyers in America.

2022–2026

Recognized annually by Best Lawyers for White-Collar and General Practice Criminal Defense.

16 Yrs.

Ranked Band One in Chambers USA for New York white collar defense; also ranked globally by Chambers Global.

2021

Named NY White Collar Lawyer of the Year (Best Lawyers) and honored by the UJA White Collar & Securities Enforcement Group.

Ongoing

Listed in Legal 500 US, Who's Who Legal: Investigations, GIR 100, and U.S. News Best Lawyers.

Fall '22

Elected to a four-year term as Regent of the American College of Trial Lawyers.