Richards Kibbe & Orbe founding partner Lee S. Richards was named one of The National Law Journal's Top 50 Litigation Trailblazers & Pioneers of 2014. The list is a special supplement developed by the business arm of The National Law Journal and is comprised of 50 outstanding attorneys who have helped make a difference in the fight for justice.
Lee Richards led the first successful criminal prosecution of an insider trading case in U.S. history, and has not stopped trailblazing since.
In United States v. Newman (S.D.N.Y., 1981), he conceived the misappropriation theory of insider trading still prevalent today. An account of Mr. Richards’ use of his pioneering theory, as an Assistant United States Attorney (S.D.N.Y.), occupies a chapter of The Prosecutors: Inside the Offices of the Government’s Most Powerful Lawyers, by Pulitzer Prize winner James Stewart.
At RK&O, Mr. Richards has quietly amassed a record surpassing that of peers at larger firms, including the successful defense of scores of insider trading and other fraud cases without trial. He has also, for example:
Universally regarded as a pre-eminent white collar lawyer, Mr. Richards is alone among his elite peers in receiving appointments to work with the government in high-profile matters such as the receivership of Bernard Madoff Investment Securities and U.S. v. Computer Associates Int’l (Independent Examiner).