Simpson Thacher & Bartlett LLP announced today that Cheryl Scarboro, Chief of the Securities and Exchange Commission’s Foreign Corrupt Practices Act (FCPA) Unit, will join the Firm. Ms. Scarboro will be a partner based in the Firm’s Washington, D.C. office and a member of the Firm’s Government and Internal Investigations Practice.
During her tenure at the SEC’s Division of Enforcement, Ms. Scarboro led a wide variety of major investigations and enforcement actions. As head of the SEC’s FCPA practice, Ms. Scarboro played a role in all of the SEC’s recent major FCPA cases and acted as the SEC liaison with the Department of Justice (DOJ) and regulators around the world. In particular, she led the SEC’s investigation of Siemens, A.G., which led to an unprecedented $800 million settlement with the SEC and DOJ, the largest settlement to date under the FCPA. She also led investigations that resulted in actions against 15 companies and three individuals charged with making illicit payments to the Iraqi government in order to win contracts under the United Nation’s Oil-for-Food Program. In addition to FCPA matters, during her time at the SEC, Ms. Scarboro has been responsible for a number of significant financial fraud cases, including the SEC’s recent action involving Satyam Computer Services Limited, and several major insider trading cases.
“We are delighted to welcome Cheryl to the Firm,” said Pete Ruegger, Chairman of the Firm’s Executive Committee. “Her extensive experience in high-profile SEC investigations and enforcement actions, particularly involving the Foreign Corrupt Practices Act, will enhance our talented Government and Internal Investigations Practice Group. Her addition also expands our Washington, D.C. office which advises clients both in the United States and abroad on regulatory, litigation and other matters.”
Paul Curnin, Co-Head of the Firm’s Litigation Practice, added: “In recent years, the SEC and other regulatory bodies have increased their focus on identifying violations under the FCPA. Cheryl’s experience and insight developed over her 19 year tenure at the SEC will be extremely beneficial to our clients.”
In addition to her role as Chief of the SEC’s FCPA unit, while at the SEC, Ms. Scarboro has served in a variety of other capacities including as an Associate Director of the Enforcement Division and as Counsel to Arthur Levitt, Jr. during his time as SEC Chairman.