Michael S. Dry

Serving as Court Appointed Independent Monitor to oversee Altria Group, Inc.’s compliance with the terms of settlement in In re Altria Group, Inc. Deriv. Litig., No. 3:20cv772 (E.D. Va.). When selecting Mike (without objection from any of the parties), the Court noted that he was someone “who I have complete faith in. I know he’s going to handle this properly. He has the judgment, integrity, and the character in order to carry this out in an appropriate way.”

Represented major US airline in criminal investigation involving 737 Max aircraft mishaps and, after conducting an internal investigation, was able to prove to DOJ that client had engaged in no wrongdoing

Represented Fortune 200 financial institution in criminal investigation involving whether a recently acquired subsidiary had been overcharging customers with hidden financial fees. After conducting an internal investigation and numerous presentations to DOJ, Mike was able to show DOJ that his client was actually a victim of the subsidiaries’ former owners fraud in the acquisition and was entitled to restitution

Represented a major league sports franchise in connection with a criminal investigation involving allegations that team staff were inappropriately prescribing narcotics

Represented a social media company in connection with Congressional investigations by the House Committee on Oversight and Accountability and the Select Committee to Investigate the January 6th Attack on the United States Capitol

Represented a Fortune 500 company in both criminal and Congressional investigations involving allegations of securities fraud.

Represented publicly traded company in criminal investigations by the Department of Justice and foreign regulators involving allegations of Foreign Corrupt Practices Act violations.

Defended multi-billion dollar defense contractor in related Department of Justice criminal and False Claims Act investigations resulting in criminal declination and favorable no-admit, no-deny civil settlement 

Represented senior FIFA executive during criminal investigation by the U.S. Attorney’s Office for the Eastern District of New York resulting in declination

(E.D. Va.) — Led multi-agency investigation and prosecution of Costa Rican reinsurance company, its CEO, and CFO for the sale of more than $500 million of fraudulent financial guarantee bonds to over 3,500 investors worldwide; coordinated parallel investigations with SEC and foreign law enforcement partners and negotiated plea agreements with both the corporation and the CFO; served as co-lead trial counsel at CEO’s jury trial, where he was convicted on all counts

(E.D. Va.) — Led investigation and prosecution of six hedge fund executives for their involvement in the sale of more than $100 million of fraudulent securities to more than 800 investors nationwide; coordinated parallel investigations by the SEC and numerous state securities regulators; served as lead trial counsel for the separate multi-week jury trials of the two hedge fund managers, which resulted in convictions on all counts

Led investigation of publicly traded South Korean chemical company and its executives for their attempted theft of trade secrets and negotiated deferred prosecution agreement that included a multi-million dollar criminal penalty

(E.D. Va.) — Led investigation and prosecution of senior executives of national tax-deferred exchange company for their involvement in the misappropriation of more than $130 million of client exchange funds; served as lead trial counsel for the multi-week jury trial of the CEO, which resulted in convictions on all counts and a sentence of 100 years imprisonment

Led investigation and prosecution of the Vice President of a U.S. maritime company on FCPA charges; defendant pleaded guilty and was sentenced to 87 months imprisonment, which at the time was the longest FCPA sentence in U.S. history

Supervised investigation of major casino for suspected money laundering crimes related to violations of applicable Know Your Customer, Currency Transaction Report, and Suspicious Activity Report regulations  

Supervised several cyber intrusion investigations involving major companies from a myriad of industries and oversaw coordination between victim companies, civilian regulators, and law enforcement

Negotiated a plea agreement with a New York Stock Exchange-traded company to Clean Water Act violations that included a multi-million dollar criminal fine, a compliance program, and a multi-million dollar restoration project for the Chesapeake Bay

Secured a guilty plea from the president of a commodities trading firm for $9 million fraud; the investigation was complete within six weeks

Negotiated a non-prosecution agreement with one of the largest global construction firms that included a third-party nationwide environmental audit, a new environmental compliance program, and a criminal fine

(Va. Cir.) — Represented a Fortune 100 defense contractor in jury trial on wrongful death lawsuit brought by family of deceased U.S. Navy sailor (second chair)