Paul Devlin, Richards Kibbe & Orbe attorney photo

Paul J. Devlin

F:  917.344.8980

Overview

Paul J. Devlin represents institutions and individuals in high stakes investigations, regulatory enforcement actions, white-collar cases, and litigations that often raise market integrity and other important systemic issues for the financial markets. He has extensive experience in SEC, CFTC, and DOJ alleged market manipulation, insider trading, and fraudulent fixed income sales practices matters, many of which involve complex financial instruments and structured products. Mr. Devlin also represents clients in a diverse range of other matters, including congressional investigations and hearings, internal and SEC accounting fraud investigations, DOJ criminal tax investigations, alleged sanctions violations, Ponzi scheme claw back claims, and complex multi-district civil litigation class actions. He is well-versed in regulatory issues affecting the FinTech, blockchain and cryptocurrency space, especially questions about the intersection of SEC and CFTC enforcement jurisdiction.  more +

Mr. Devlin was ranked first in his class in law school in Australia and was awarded the H.C.F. Keall prize, given to the member of the graduating class who earns the highest grade point average in the final year of law school. Earlier in his career, Mr. Devlin clerked for the Solicitor General for Western Australia and participated in over 20 appellate cases before Australia’s highest court, the High Court of Australia, and advised on governmental investigations, legislative drafting and constitutional matters. He holds an LL.M. degree from Harvard Law School, where he has also been a visiting researcher.

Experience

  • A brokerage firm in domestic and international regulatory and criminal investigations concerning the setting of LIBOR.
  • A brokerage firm in the CFTC investigation and parallel multi-district civil litigation concerning the ISDAFIX benchmark.
  • The CFO of a major financial institution in congressional investigations and hearings, regulatory and criminal investigations, and related multi-district civil litigation.
  • Individuals in an SEC market manipulation investigation of the Treasury Bills market.
  • A hedge fund in an SEC market manipulation case concerning securities short-selling.
  • An institution in CFTC and New York State Attorney General investigations of alleged market manipulation in foreign exchange options markets.
  • Multiple subjects and witnesses in DOJ/SEC investigations and prosecutions of alleged false statements in RMBS trading (so-called “Litvak” investigations).
  • A hedge fund in a federal criminal insider trading investigation.
  • Multiple European private bankers in relation to DOJ investigations of offshore banking by U.S. taxpayers.
  • Multiple executives and managers of a global bank in money laundering and sanctions investigations by the DOJ, Manhattan District Attorney, New York Federal Reserve, New York Department of Financial Services, and the New York Attorney General.
  • A global bank and multiple witnesses in a DOJ criminal accounting and securities fraud case against the CFO of a technology company.
  • The Audit Committee of a public company in internal and SEC investigations into alleged accounting fraud.
  • An SEC Receiver appointed to recover and distribute assets in a $140 million Ponzi scheme (investigated, litigated, and settled scores of fraudulent conveyance claw back claims).

Professional & Community Affiliations

Derivatives and Futures Law: Innovative Digitalized Products and Processes Subcommittee, American Bar Association

Volunteer Arbitrator, Civil Court of the City of New York, Commercial Claims and Small Claims Parts

Long time board member of a New York not-for-profit corporation with 501(c)(3) status

News

Publications

Practice Areas
Clerkship(s)
  • Robert Meadows, Q.C., Solicitor General for Western Australia
Education
  • Harvard Law School, Visiting Researcher, Fall 2006
  • Harvard Law School, LL.M., 2003
  • University of Western Australia, LL.B. with first class honors, 2001; Editorial Board, University of Western Australia Law Review
  • University of Western Australia, B.A., 1998
Bar & Court Admissions
  • New York
  • United States District Court for the Southern District of New York
  • United States District Court for the Eastern District of New York
  • United States District Court for the Eastern District of Michigan
  • United States Court of Appeals for the Sixth Circuit
  • New South Wales, Australia