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David Esseks

Partner

New York

David Esseks

Partner

New York

David's practice focuses on criminal, civil, and regulatory securities litigation and anti-corruption investigations. David's representations include banks and foreign and domestic corporations in connection with US regulatory and criminal investigations concerning securities, commodities, and insider trading offenses, and violations of the Foreign Corrupt Practices Act and the US antitrust, money laundering and economic sanctions laws as well as individual officers and employees in similar investigations. He has represented banks in the global LIBOR and FX investigations, as well as investigations of CDS trading and bank hiring practices in Asia.

Before joining A&O, Mr. Esseks was an Assistant United States Attorney for the Southern District of New York and Chief of that Office’s Securities and Commodities Fraud Task Force. In that role, he oversaw a staff of 20 prosecutors and coordinated fraud investigations with the Securities and Exchange Commission, Commodity Futures Trading Commission, and FINRA.

Mr. Esseks has been recognized by Chambers as “'Experienced, thoughtful and results-driven'…He 'is calm under pressure, smart and strategic.'”, "an extremely talented trial lawyer and cross-examiner who is the picture of credibility in the courtroom".

Chambers also describes Mr. Esseks as "a go-to attorney for a range of corporations and financial institutions facing allegations of criminal misconduct and regulatory proceedings, drawing praise as an 'incredibly smart attorney with excellent judgment.'"

A representative set of Mr. Esseks’ recent matters include:

  • Defense of a hedge fund partner at trial in the Southern District of New York on insider trading charges.
  • Defense of BNP Paribas in wide-ranging investigations by US federal and state authorities regarding the FX market.
  • Defense of a corruption inquiry concerning the hiring practices of an investment bank.
  • Defense of a Commodity Futures Trading Commission investigation of an investment bank regarding interest rate swaps.
  • Defense of a National Futures Association investigation of CDS trading by an investment bank.
  • Defense of a sanctions investigation of an international bank
  • Defense of a money laundering investigation of an international bank.
  • Representation of individual executives in investigations regarding potential insider trading, money laundering, sanctions, corruption, and antitrust violations.
  • Defense of investment banks in various civil class actions in the Southern District of New York concerning the trading of financial instruments.
  • Mr. Esseks graduated cum laude from Williams College with a B.A. in 1987 and magna cum laude from University of Michigan Law School with a J.D. in 1990 where he was an Articles Editor of the Law Review. He clerked for the Honorable Amalya Lyle Kearse on the United States Court of Appeals for the Second Circuit.

News & insights

Key regulatory topics: 20 December 2019 to 9 January 2020

Publications: 17 JANUARY 2020

Key Regulatory Topics: Weekly Update 20 December 2019 - 9 January 2020

Allen & Overy publish weekly updates on key regulatory topics affecting the financial services sector. 

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Publications: 14 JANUARY 2020

Podcast: G&R launches ‘G&R Airtime’ – a fintech focused podcast

The number of Fintech and tech based start-ups coming out of Indonesia in recent times has been significant. Global investors seeking the next big thing have taken notice of the Indonesia macro-economic story, which sees a young, growing, tech-savvy, middle-class consumer looking to achieve their dreams and, in the process, leapfrog old technologies. Investors are fighting over which start-ups to invest in. 

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Publications: 13 JANUARY 2020

Paving the way to the UK’s departure from the EU – an overview of the key provisions of the European Union (Withdrawal Agreement) Bill

Following the Conservative Party’s victory in the UK’s general election in December 2019, the immediate priority for both the UK and the EU27 in relation to Brexit is now the approval, ratification and implementation of the deal agreed at a political level between the European Commission and the UK in October 2019 on the terms of the UK’s departure from the EU (the Withdrawal Agreement).

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Publications: 18 JULY 2019

U.S. continues aggressive sanctions and anti-money laundering enforcement against non-U.S. banks

When assessing anti-money laundering risk and exposure, global financial institutions should be mindful of the complex landscape and assertions of broad authority by U.S. authorities and banking regulators. A multinational financial institution with a U.S. branch may find its worldwide activities scrutinized by U.S. banking regulators even if its branch does not service those activities, and what’s more, even without a U.S. branch, a bank may still have civil or criminal U.S. exposure for payments cleared in the United States.

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Office

New York

Allen & Overy LLP
1221 Avenue of the Americas
New York
NY 10020

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Qualifications

Professional

Admitted: Bar of the State of New York 1992

Academic

J.D., magna cum laude, University of Michigan Law School, Order of the Coif, 1990

B.A., cum laude, Williams College, 1987

Published Work