Currently, Mr. Garcia represents:
- Morgan Stanley in a successful two-week jury trial of a rare private claim for insider trading, which was asserted by a Russian billionaire and his Netherlands-based investment vehicle, Veleron Holdings, regarding a transaction made in the lead-up to the financial crisis;
- the Audit Committee of American Realty Capital Properties in connection with an internal investigation into purported accounting irregularities, and subsequent DOJ and SEC proceedings;
- the Audit Committee of an oil and gas company in connection with an internal investigation of insider trading and conflicted conduct by a senior executive and two directors;
- ABRAAJ Investment Management Ltd. in connection with allegations of investment advisor fraud by the U.S. government;
- a news and publishing company in connection with an SEC investigation into whether certain statements and omissions misled the market;
- a public company board in connection with an internal investigation into allegations made by a senior executive that the CEO of the company made false and misleading statements to investors about the company’s strategy;
- a media company in connection with a DOJ investigation and prosecution of a former employee for securities and wire fraud;
- a multinational corporation in connection with an internal investigation into the root cause of a cyber-incident;
- a multinational pharmaceutical company in connection with DOJ and SEC investigations into insider trading by a former senior executive;
- the principal of a multinational conglomerate in connection with a DOJ grand jury investigation of an alleged multi-decade tax fraud;
- a Fortune 500 company in connection with an investigation of alleged price fixing in the market for oil futures and other energy derivatives;
- a retail foreign exchange dealer in connection with a CFTC investigation;
- a media company in connection with allegations of violations of the FCPA;
- multiple retail companies in connection with internal investigations of employee misconduct;
- several senior bankers in connection with DOJ and SEC investigations of potential FCPA violation relating to hiring practices in Asia;
- the former president of a government contractor in connection with an accounting fraud inquiry conducted by the DOJ and SEC;
- several elected officials in corruption probes;
- directors of a media company in connection with the Department of Justice's FIFA soccer investigation;
- Genworth in connection with a federal securities class action relating to the company's statements concerning reserves;
- the former CFO of a Fortune 500 company in connection with government inquiries and a related shareholder class action regarding alleged accounting irregularities;
- a former senior trader at a major financial institution in connection with the DOJ’s ongoing criminal investigation into alleged manipulation of LIBOR;
- a former senior director at another major financial institution in connection with a CFTC investigation into alleged manipulation of ISDAFix, the benchmark rate for the swaps market;
- a confidential client in connection with an SEC investigation of alleged compliance failures at a leading asset manager;
- an officer in the accounting department of a public company in connection with an SEC investigation of alleged accounting improprieties; and
- multiple bond traders in connection with criminal and civil enforcement actions related to trading conduct.
Since joining Weil, Mr. Garcia has also represented General Electric Company and several of its senior officers in connection with securities class action litigation in the Southern District of New York relating to statements made concerning GE’s dividend, access to the commercial paper markets, and exposure to subprime and noninvestment grade debt. Other representative clients include Morgan Stanley, Aeropostale, AIG, DIRECTV and Optimer Pharmaceuticals, Inc.
Prior to joining Weil, Mr. Garcia was Chief of the Securities and Commodities Fraud Task Force in the US Attorney’s Office for the Southern District of New York. In this role, he led a unit of more than 35 prosecutors, law enforcement agents, and staff in all aspects of securities fraud investigations, trials, appeals, and other litigations, including those The New York Times highlighted as underpinning “the government’s widespread crackdown on insider trading on Wall Street.” During his tenure, Mr. Garcia supervised the investigation and prosecution of more than 300 cases, including matters arising out of the 2008 financial crisis and in areas of corporate fraud, consumer fraud, insider trading, fraudulent investment schemes, and the FCPA. Notable cases from Mr. Garcia’s time in government include: a high profile investigation of an entity responsible for structuring fraudulent tax shelters, where Mr. Garcia helped negotiate a resolution that resulted in approximately $554 million in forfeiture and penalties; a criminal investigation of Toyota Motor Corp. relating to vehicle defects that in 2014 resulted in a $1.2 billion settlement; and an investigation of insider trading at hedge fund SAC Capital that in 2013 resulted in a guilty plea. He also personally conducted ten federal jury trials and successfully litigated numerous appeals.
Since joining Weil, Mr. Garcia has obtained a number of awards from legal and business publications. The National Law Journal named him a White Collar, Regulatory & Compliance “Trailblazer” in 2018, recognizing him among lawyers “who continue to make their mark in white collar criminal litigation...having achieved remarkable successes along the way.” He is also recognized in Euromoney’s White Collar Crime Expert Guide, named as a “recommended” lawyer nationwide in the White Collar area by Legal 500, and is ranked as a leading lawyer for White Collar Crime & Government Investigations in New York by Chambers USA, which pointed out his “strong reputation for his handling of criminal litigation and government investigations,” and quoted clients who “couldn't speak more highly” of him, and noted that “he is just a marvelous, go-to lawyer” and “his knowledge and skill is overwhelming and self-evident.” In 2014, he was recognized by Ethisphere as one of seven “Up and Comers” nationwide in the publication’s “Attorneys Who Matter” list, which represents the “best and brightest in the legal field.” In 2013, he was featured as one of 12 “Rising Stars” nationwide by the Minority Corporate Counsel Association in Diversity & The Bar, selected by Law360 as one of five “Rising Stars” nationwide in the White Collar area, and recognized by New York Law Journal as one of 44 “Rising Stars” in New York. As a prosecutor, Mr. Garcia also received numerous awards, including the DOJ’s Director’s Award for Superior Performance for having successfully convicted, after trial, Refco’s past president and former owner, Tone N. Grant. He also received several awards for his work in helping forfeit more than approximately $8 billion in connection with various cases.
Mr. Garcia is a fixture in the academic and legal community. He is a regular speaker and writer on securities litigation, enforcement, and white collar topics, including cybersecurity, social media communications and related SEC disclosure issues, the Foreign Corrupt Practices Act and anti-corruption enforcement, and insider trading. He has been a featured speaker at events coordinated by Bloomberg/Bloomberg BusinessWeek, Practising Law Institute, the New York City Bar Association, the American Bar Association, FINRA, SIFMA, and governmental agencies like the Securities and Exchange Commission and the Department of Justice. He also has been featured in Bloomberg, Forbes, and Reuters, among other publications.
Mr. Garcia is Chair of the New York Regional Committee of the American Bar Association’s (ABA) Criminal Justice Section’s White Collar Crime Committee, and Co-Chair of the Securities Fraud Sub-Committee of the ABA’s Business Law Section. He also is a member of the Federal Bar Council’s Membership Committee, and serves on the board of the Legal Aid Society of New York, receiving one of the Society’s 2018 Pro Bono Publico Awards for outstanding service. In addition, Mr. Garcia serves as Co-Chair of Weil’s Diversity Committee.
In addition to his practice, Mr. Garcia is the President of the Board of Trustees of the Green Vale School.
Mr. Garcia received his law degree from Harvard Law School, where he served as Senior Editor of the Journal of Law and Public Policy and as President of the Board of Student Advisers. He also received his A.B., magna cum laude, from Harvard College.