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Roberto Braceras, former head of the Litigation Department in Goodwin Procter’s Boston office, has more than 20 years experience in white collar criminal defense, securities fraud and complex commercial litigation. Mr. Braceras, a former federal prosecutor, has tried jury and non-jury cases in both state and federal court. He also has defended a variety of investigations before the U.S. Securities and Exchange Commission, the Massachusetts Securities Division, FINRA and other self-regulatory organizations.

Mr. Braceras has successfully represented Fortune 50 corporations, top financial firms, leading universities and individuals in a wide variety of government investigations and civil litigation involving securities fraud, health care fraud, the False Claims Act, insider trading, environmental crimes, export violations and the Foreign Corrupt Practices Act (FCPA). Such representations have resulted in declined prosecutions and favorable judgments and settlements.

Mr. Braceras's recent representations include:

  • Former SAC Capital Advisors portfolio manager, Mathew Martoma, against criminal and SEC allegations of insider trading. Prosecutors alleged that Martoma participated in the largest-ever insider trading case, committing securities fraud by trading on shares of two pharmaceutical companies using non-public information, resulting in over $276 million in gains.
  • UniFirst Corporation in a multi-district litigation (MDL) involving hundreds of claims based on a meningitis outbreak caused by alleged criminal wrongdoing by the New England Compounding Center (“NECC”).
  • PM USA, Inc. in Haglund v. PM USA, Inc., a wrongful death action in Massachusetts state court. After a month-long trial, the jury returned a complete defense verdict. Mr. Braceras was recognized by Massachusetts Lawyers Weekly for "scor[ing] a big win."
  • Jon Paul Rorech, a Deutsche Bank trader, in SEC v. Rorech, et al., 09 Cv 4329 (S.D.N.Y.), the first-ever insider trading case involving credit default swaps. In June 2010, after a month-long trial, the court dismissed all charges against Mr. Rorech, providing Mr. Braceras's client with a sweeping victory in a landmark case regarding sales practices in the fixed income markets.
  • Richard Lane, the former President of the Worldwide Medicines division of Bristol-Myers Squibb (BMS), in criminal, SEC and private civil securities cases involving allegations of fraud in connection with so-called "channel stuffing" practices at BMS. In United States v. Fred Schiff and Richard Lane, 06 Cr. 406 (D.N.J.), after more than five years of pre-trial litigation, the district court dismissed the government's primary theory of liability, a decision affirmed on appeal by the Third Circuit. All charges against Mr. Lane were later dismissed in connection with a deferred prosecution agreement with the government.

Among other past cases, Mr. Braceras successfully represented: (i) prominent private equity firms and their portfolio companies in post-closing and working capital disputes; (ii) food industry companies in due diligence, internal audits, and government investigations; (iii) a national pension consulting firm in connection with claims relating to the Madoff ponzi scheme; (iv) Harvard University in False Claims Act litigation; (v) several mutual fund complexes in market timing NASD, SEC, and DOJ investigations; (vi) international corporations in FCPA investigations; and (vii) pharmaceutical and medical device companies in cases involving claims of off-label marketing.

In December 2009, Mr. Braceras was recognized by Massachusetts Lawyer’s Weekly on its “Power List” as one of the state’s “most influential attorneys.” In 2007, he was selected by the Boston Business Journal as one of the top 40 business leaders in Massachusetts under the age of 40. Mr. Braceras also was a recipient of the Attorney General’s Special Achievement Award for his performance as a Department of Justice prosecutor.

Prior to joining Goodwin Procter, Mr. Braceras worked as a federal prosecutor with the U.S. Department of Justice in the Criminal Division, Fraud Section. During his tenure with the Department of Justice, he investigated and prosecuted various complex federal crimes, including telemarketing fraud, money laundering, wire fraud, and FCPA offenses. While with the Justice Department, Mr. Braceras represented the United States in Mexico City in discussions with the Mexican government concerning extradition issues. He also prosecuted local crimes with the U.S. Attorney’s Office for the District of Columbia and bank fraud cases with the New England Bank Fraud Task Force. As a prosecutor, he successfully tried numerous cases to verdict.

Mr. Braceras was elected to the Council of the Boston Bar Association in 2012.  Mr. Braceras also currently serves on the board of directors the U.S. District Court Criminal Justice Act (CJA) Panel. As a member of the CJA panel, he represents indigent defendants pro bono in federal criminal cases.

In 2011, Mr. Braceras was appointed to serve on a bi-partisan committee to screen candidates for federal judgeships in the District of Massachusetts. Previously, Mr. Braceras served, at the request of the U.S. District Court, as a member of a Federal Magistrate Merit Selection Panel. He also was a member of both the Massachusetts Ballot Law Commission and the Massachusetts Judicial Nominating Commission.

Mr. Braceras has written and lectured on issues related to white collar criminal defense, securities fraud, and the False Claims Act.

Mr. Braceras appeared on CNBC’s Squawk Box in July 2014 to discuss insider trading. And he lectured at New England School of Law, also on insider trading in November 2014. In addition, Mr. Braceras has been a featured speaker at the 2014 Hispanic National Bar Association Annual Convention in Washington; at the 2010 MCLE College & University Law Update; the U.S. District Court, Boston "Federal Bench Meets Bar" presentation; Hispanic National Bar Association Annual Convention, New York (panel on internal investigations); 18th Annual ABA National Institute on White Collar Crime, Miami (panel on securities enforcement); and 3rd Annual Minority Corporate Counsel Association CLE Expo, Chicago (panel on white collar investigations).

Mr. Braceras is the author of: (i) “Second Circuit Raises The Bar For Government Insider Trading Prosecutions – Practical Implications For The Business Community”; (ii) "The False Claims Act and Universities: From Fraud to Compliance," Treatise On College and University Law, published in 2009 by Massachusetts Continuing Legal Education; (iii) "Late Trading and Market Timing," The Review of Securities & Commodities Regulation (April 2004; also cited in GOA Report: Mutual Fund Trading Abuses, May 2005); (iv) "Market Timing and Late Trading: Criminalization or Regulation?," an ABA-CLE publication on white collar crime (March 2004); (v) "'Corruptly Persuading' The Obstruction of Justice," White Collar Crime Reporter (May 2002); and (vi) "Circuit Grapples with 'Honest Services' Fraud," New York Law Journal (July 2002).