Steven Salky

Partner

Office
Washington, DC
Tel.
202.778.1828
Fax.
202.822.8106
Others
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Widely recognized as a leading litigator, Steven Salky primarily represents organizations and executives in white collar criminal investigations, securities enforcement actions, complex civil litigation, and parallel Congressional investigations. 

Clients seek him out for his commitment to quietly obtaining winning results, both inside and outside the courtroom.


Steve’s most prominent litigation successes over the past decade include battles with federal regulatory agencies, including the Securities and Exchange Commission. He has led numerous clients through SEC enforcement proceedings, including trial, in a manner that has allowed them to continue their careers and limit any personal financial consequences. He is equally comfortable in high-profile commercial litigation, where his analytical skills and solid judgment are highly valued and recognized.

Steve has extensive experience representing public company chief executive and chief financial officers in litigation. He successfully represented the former chief financial officers of Fannie Mae and Freddie Mac in a variety of legal proceedings arising from those companies’ earnings restatements.
Organizations facing investigations and litigation often turn to Steve for representation, as well. For instance, along with his partners Bill Taylor and Rachel Cotton, he represents Fusion GPS in a variety of civil matters arising from its work in connection with the so-called Trump Dossier.

In addition to having published numerous articles in law reviews and other legal magazines on matters of criminal procedure, Steve is the primary author of The Privilege of Silence: Fifth Amendment Protections Against Self-Incrimination, a leading guide on the practical application of the Fifth Amendment privilege in all types of legal proceedings. 


Education
  • Yale Law School, J.D., 1981
     
  • Trinity College, B.A., with highest honors, 1976
    • Phi Beta Kappa
Bar admissions
  • District of Columbia
Court admissions
  • U.S. Court of Appeals, District of Columbia Circuit
  • U.S. District Court, District of Maryland
  • U.S. District Court, District of Massachusetts
  • U.S. District Court, District of Columbia
Clerkships
  • Chief Judge Hon. Theodore R. Newman Jr., District of Columbia Court of Appeals
Professional leadership
  • Adjunct Faculty, White Collar Crime, American University Washington College of Law (2014)
  • Former Chair, Criminal Justice Section Sentencing Guidelines Committee, American Bar Association
Community involvement
  • President, Everybody Grows
  • Former Chair, Finance Committee, Edmund Burke School Board of Trustees
  • Former Chair, Stuart Stiller Memorial Foundation

Representative matters
  • Represents UCI, an entity within the Unification religious movement, in ongoing litigation over its control brought by the Unification Church.
  • Represents Fusion GPS in ongoing litigation and congressional investigations arising from its role in researching then-candidate Donald Trump’s Russian connections.
  • Obtained what commentators described as an unusual and extremely favorable settlement on behalf of the former Chief Business Officer of Freddie Mac in an SEC enforcement action arising from Freddie Mac’s 2006-2008 subprime loan disclosures. The resolution denied all of the remedies the SEC sought and provided for the dismissal of the SEC’s claims without any restrictions that altered the client’s employment, as well as allowing her to continue to deny the allegations. The case, which received substantial attention when it was brought by the SEC, was vigorously litigated for more than three years, and was resolved near the end of a lengthy discovery process.
  • Won summary judgment on behalf of the former chief financial officer of Fannie Mae in a securities class action after more than eight years of litigation involving the depositions of more than 100 witnesses. The court’s finding of "overwhelming evidence" of our client's good faith in connection with the issuance of Fannie Mae's subsequently restated financial statements was, in our client's words, "a complete vindication.” We also prevailed in a trial before a neutral arbitrator in employment litigation over our client's severance from Fannie Mae.
  • Obtained a declination from the SEC’s Division of Enforcement in an investigation focused on two executives of a large financial institution who the SEC Division of Enforcement investigated in connection with the issuance of mortgage backed securities by the financial institution.
  • Tried an SEC enforcement action before an Administrative Law Judge who recommended that no sanctions be brought against our client, a compliance employee at a national brokerage firm. The case involved accusations that our client aided and abetted violations of various record keeping provisions of the federal securities laws. Although the SEC Division of Enforcement sought the permanent debarment of our client from the securities industry and substantial financial penalties, no sanctions were imposed.
  • Obtained a settlement on behalf of the former chief financial officer of Canada’s then-largest pharmaceutical company in a civil enforcement action brought by the SEC alleging failure to meet the requirements of U.S. Generally Accepted Accounting Principles (GAAP) and making misleading statements regarding quarterly earnings. The case settled the day before trial was scheduled to commence.
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Steven Salky_bio

Steven Salky

Partner

Office
Washington, DC
Tel.
202.778.1828
Fax.
202.822.8106
Others
Send an Email
vCard