Jones Day Announces New Hire And Promotion

Thursday, March 20, 2014 - 12:18

The global law firm Jones Day has announced that Stephen Obie has joined as a partner in the Firm's Financial Institutions Litigation & Regulation Practice in the New York Office. He arrives from the U.S. Commodity Futures Trading Commission where he was the regional administrator/regional counsel of the New York office, acting director of the Enforcement Division from 2008 to 2010, and most recently chief trial attorney.

As regional administrator/acting director/chief trial attorney for the Commodity Futures Trading Commission, Mr. Obie advised senior management and Presidential appointees on enforcement and policy matters. There he planned, managed and supervised enforcement attorneys and investigators in investigating and prosecuting violations of the U.S. Commodity Exchange Act to include directing investigations in federal and administrative courts. He also established the forensic economist unit within the Enforcement Division during his tenure. Of note, Mr. Obie co-chaired the Securities and Commodities Subcommittee of the President’s Financial Fraud Enforcement Task Force from 2009 to 2010.

"I am excited to be joining a phenomenal team of attorneys at Jones Day," said Mr. Obie. "Today’s complex global financial markets require both rapid and strategic approaches to address the priorities of financial institutions, and I look forward to being part of a great practice group, where lawyers from around the world advise leading institutions in the Americas, Europe, and Asia through the ever-changing rules and regulations affecting banking institutions globally."

"Stephen brings sophisticated experience concerning both the Commodity Futures Trading Commission and the amended Commodity Exchange Act, and he is a terrific addition to our team here," said Wesley Johnson, partner-in-charge of Jones Day's New York office. "He has been directly involved in a variety of notable regulatory cases, planning, managing, and supervising enforcement attorneys and investigators in both investigating and prosecuting violations of the U.S. Commodity Exchange Act. He also frequently interacted with many other regulatory agencies in the course of his duties, bringing that knowledge and experience to bear as well."

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Jones Day has announced that Dan Reidy will lead the firm's 450-lawyer Business and Tort Litigation (USA) Practice. Mr. Reidy most recently served as partner-in-charge of Jones Day's Chicago office, a position he held since 2008.

Mr. Reidy succeeds Mickey Pohl, who was named head of Jones Day's Product Liability Practice in 2003 and became head of the then newly formed Business and Tort Litigation (USA) Practice in 2011. It is the largest of Jones Day's practice groups. Mr. Pohl steps down as the head of the practice in accordance with the terms of the Firm's Partnership Agreement as he celebrated his 65th birthday in 2013. He will, however, remain with Jones Day as a full-time litigation partner. Mr. Pohl moved to Pittsburgh in 1989 from Cleveland to open Jones Day's Pittsburgh office, where he was partner-in-charge through 2002.

Mr. Reidy has extensive experience handling numerous significant and high-profile cases throughout the country. He advises companies and tries cases involving complex civil litigation of all kinds, including patent, product liability, commercial disputes, securities, False Claims Act, antitrust, post-acquisition, and labor and employment. As lead counsel, Mr. Reidy has tried civil and criminal cases to bench and to jury in state and federal courts, representing both defendants and plaintiffs. He also leads internal investigations for companies and represents them and individual executives in virtually all manner of government inquiries, including grand jury investigations, SEC and other agency enforcement actions, including defending companies and individuals at trial. Mr. Reidy has led the briefing and done the oral arguments in numerous cases in the federal appellate courts, including the Seventh, Eleventh and Federal Circuits. His practice also involves counseling companies, boards of directors, individual directors, and audit and special committees in situations involving financial restatements, derivative claims, and criminal investigations of senior company officers, among others. 

Mr. Reidy will lead a practice that serves corporations and other entities across a broad range of business disputes, torts, and civil litigation, from counseling through trial and appeal. Jones Day's Business and Tort Litigation (USA) Practice is often engaged in "bet-the-company" cases, complex, multidistrict litigation and coordinated state law proceedings, and class actions. These cases typically involve multiple adversaries in federal and state courts across the nation, and many clients engage Jones Day as national or worldwide coordinator of recurring or related cases.

A former prosecutor and first assistant in the Chicago U.S. Attorney's Office where he focused on matters involving allegations of complex financial crimes, Mr. Reidy is perhaps best known as the lead prosecutor in the "Greylord" judicial corruption project, where he personally prosecuted a number of judges, lawyers and court personnel. He is a fellow of the American College of Trial Lawyers and of the International Academy of Trial Lawyers.