Jones Day Hires Investigations and Compliance Partner in Germany
Thomas Preute joins at a time when the volume of investigations the demand for compliance have grown rapidly in Germany due to stronger regulations and widely publicized compliance scandals.
January 17, 2020 at 02:51 PM
3 minute read
Jones Day has hired an investigations and white-collar defense practice partner in Düsseldorf.
Thomas Preute, who previously worked at a boutique firm in Germany, joins at a time when the volume of investigations, as well as the demands for compliance, have grown rapidly in Germany due to stronger regulations such as the European data protection law (General Data Protection Regulation) and stricter sanctions.
Preute has extensive experience in advising German and international companies on internal investigations, crisis management and all aspects of compliance programs. He was formerly a partner with Pohlmann & Company, a boutique law firm specializing in compliance and corporate governance. The Munich, Germany-based boutique has extensive experience serving as a compliance monitor for the U.S. Department of Justice, the Securities and Exchange Commission, and the World Bank.
Widely publicized compliance scandals such as Dieselgate, the Volkswagen emissions scandal, as well as the so-called cum-ex scandal, a tax fraud scheme that cost the German treasury billions of Euros, have also added additional pressure to the compliance sector. The scandal also hit such prominent global law firms as Freshfields and DLA Piper.
"We're seeing more political pressure, which makes compliance even more important," Ansgar Rempp, Jones Day's partner-in-charge in Germany, said in a telephone interview.
In a statement, Ted Chung, head of the firm's investigations and white-collar defense practice, noted that regulatory scrutiny and enforcement activity continue to intensify throughout Europe and the rest of the world.
"Companies are increasingly in need of counsel from lawyers like Thomas, who brings substantial cross-border experience on a wide range of compliance and investigations matters," he said.
Preute said he is looking forward to working at the firm. "Jones Day has all of the components needed to meet clients' complex requirements for efficient and successful compliance work: seamless service delivery across practices and jurisdictions, substantial global reach, and deep talent across subject areas," he said.
Preute's clients include DAX and MDAX-listed large German corporations, private equity houses, and family-owned groups of companies across various industries, including automotive, chemical, construction, defense, energy, health care, logistics and manufacturing.
|
Read More:
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
NOT FOR REPRINT
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
You Might Like
View AllNorton Rose Racial Discrimination Complaint Triggered South African IT Probe
4 minute readU.S. Firms Continue Fast Growth in Frankfurt, With Anticipated Further Expansion—Report
2 minute readTrending Stories
- 1Judicial Ethics Opinion 24-61
- 2Decision of the Day: School District's Probe Was a 'Sham'; Title IX Administrator Showed Sex-Based Bias
- 3US Magistrate Judge Embry Kidd Confirmed to 11th Circuit
- 4Shaq Signs $11 Million Settlement to Resolve Astrals Investor Claims
- 5McCormick Consolidates Two Tesla Chancery Cases
Who Got The Work
Michael G. Bongiorno, Andrew Scott Dulberg and Elizabeth E. Driscoll from Wilmer Cutler Pickering Hale and Dorr have stepped in to represent Symbotic Inc., an A.I.-enabled technology platform that focuses on increasing supply chain efficiency, and other defendants in a pending shareholder derivative lawsuit. The case, filed Oct. 2 in Massachusetts District Court by the Brown Law Firm on behalf of Stephen Austen, accuses certain officers and directors of misleading investors in regard to Symbotic's potential for margin growth by failing to disclose that the company was not equipped to timely deploy its systems or manage expenses through project delays. The case, assigned to U.S. District Judge Nathaniel M. Gorton, is 1:24-cv-12522, Austen v. Cohen et al.
Who Got The Work
Edmund Polubinski and Marie Killmond of Davis Polk & Wardwell have entered appearances for data platform software development company MongoDB and other defendants in a pending shareholder derivative lawsuit. The action, filed Oct. 7 in New York Southern District Court by the Brown Law Firm, accuses the company's directors and/or officers of falsely expressing confidence in the company’s restructuring of its sales incentive plan and downplaying the severity of decreases in its upfront commitments. The case is 1:24-cv-07594, Roy v. Ittycheria et al.
Who Got The Work
Amy O. Bruchs and Kurt F. Ellison of Michael Best & Friedrich have entered appearances for Epic Systems Corp. in a pending employment discrimination lawsuit. The suit was filed Sept. 7 in Wisconsin Western District Court by Levine Eisberner LLC and Siri & Glimstad on behalf of a project manager who claims that he was wrongfully terminated after applying for a religious exemption to the defendant's COVID-19 vaccine mandate. The case, assigned to U.S. Magistrate Judge Anita Marie Boor, is 3:24-cv-00630, Secker, Nathan v. Epic Systems Corporation.
Who Got The Work
David X. Sullivan, Thomas J. Finn and Gregory A. Hall from McCarter & English have entered appearances for Sunrun Installation Services in a pending civil rights lawsuit. The complaint was filed Sept. 4 in Connecticut District Court by attorney Robert M. Berke on behalf of former employee George Edward Steins, who was arrested and charged with employing an unregistered home improvement salesperson. The complaint alleges that had Sunrun informed the Connecticut Department of Consumer Protection that the plaintiff's employment had ended in 2017 and that he no longer held Sunrun's home improvement contractor license, he would not have been hit with charges, which were dismissed in May 2024. The case, assigned to U.S. District Judge Jeffrey A. Meyer, is 3:24-cv-01423, Steins v. Sunrun, Inc. et al.
Who Got The Work
Greenberg Traurig shareholder Joshua L. Raskin has entered an appearance for boohoo.com UK Ltd. in a pending patent infringement lawsuit. The suit, filed Sept. 3 in Texas Eastern District Court by Rozier Hardt McDonough on behalf of Alto Dynamics, asserts five patents related to an online shopping platform. The case, assigned to U.S. District Judge Rodney Gilstrap, is 2:24-cv-00719, Alto Dynamics, LLC v. boohoo.com UK Limited.
Featured Firms
Law Offices of Gary Martin Hays & Associates, P.C.
(470) 294-1674
Law Offices of Mark E. Salomone
(857) 444-6468
Smith & Hassler
(713) 739-1250