|Purpose of the Independent Review|
|Role of the Independent Reviewer:|
|Review Team Bios:|
|–Andrew J. Morris|
Purpose of the Independent Review
The Settlement Agreement provides for the appointment of an Independent Reviewer, Amy Walsh, to determine whether Chase is satisfying its obligations under the Settlement Agreement, including whether its representations in the Agreement are substantially accurate, and whether Chase is meeting its consumer relief and remediation obligations called for by the Agreement.
The Independent Reviewer will monitor, through testing and other review methodologies, Chase’s progress in meeting its obligations under the Settlement Agreement. The Independent Reviewer will provide the public with periodic reports approximately every six months that will describe Chase’s progress toward compliance on approximately a semi-annual basis. These reports will be posted on this website and filed in United States Bankruptcy Court in the Eastern District of Michigan in the case In re Belzak, Case No. 10-23963-dob.
The Independent Reviewer’s first report will be issued in the fall of 2015. After the initial report, she will file semi-annual reports approximately every six months, although the time periods may be extended to ensure adequate testing and review.
Amy Walsh, a partner in Orrick’s New York office, is the former Chief of the Business and Securities Fraud Section of the United States Attorney’s Office for the Eastern District of New York. She represents individuals and institutions in government investigations, enforcement actions, and prosecutions conducted by various government agencies including the U.S. Department of Justice, the Securities and Exchange Commission, the Commodity Futures Trading Commission and the Internal Revenue Service. Prior to entering private practice, Amy was an Assistant United States Attorney for 12 years in the United States Attorney’s Office for the Eastern District of New York, where she led dozens of investigations and cases on behalf of the government, and supervised several sections within the Office. Currently, Amy litigates cases in federal and state court, negotiates with representatives of government enforcement agencies, and advises clients on compliance issues. Amy frequently publishes and speaks on various topics related to her practice.
For more information on Ms. Walsh’s professional background, please refer to the Orrick website.
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Andrew J. Morris, a partner in Orrick’s Washington D.C. office, is called on by clients for high-stakes securities litigation, financial-services litigation, and other complex financial disputes. Andrew (Andy) represents clients in civil litigation and in matters initiated by regulators such as the Securities and Exchange Commission, banking agencies, and the Department of Justice. He has extensive experience in procedural settings including parallel proceedings, internal investigations, class actions, and grand jury investigations. He handles matters involving the securities laws, financial services laws, professional liability, corporate governance, and various business torts. He advises clients about issues involving special committees and audit committees.
For more information on Mr. Morris’s professional background, please refer to the Orrick website.
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Savannah Stevenson, Of Counsel in Orrick’s New York office, represents individuals and corporations in investigations, enforcement actions and prosecutions conducted by various government agencies, including the Department of Justice, the Securities and Exchange Commission, the Commodities Futures Trading Commission, FINRA, the Federal Reserve Bank, and the District Attorney’s Office. Savannah litigates cases in federal, state and administrative courts, negotiates with representatives of government agencies and advises clients on regulatory and compliance issues. Savannah currently serves as a senior member of the court-appointed monitorship in JPMorgan Chase’s settlement with the United States Trustee Program of the Department of Justice. Savannah was a member of the trial and appellate teams in United States v. Newman, et al., No. 12-cr-121, which resulted in the Second Circuit vacating the defendants’ convictions in a watershed decision for insider trading law. Savannah has managed numerous internal investigations involving whistleblower and internal complaints alleging activities including insider trading, market manipulation and other regulatory violations. Savannah is a certified mediator and volunteers in community mediation centers in New York City. Savannah was named as a Super Lawyers New York Metro Rising Star in 2013, 2014, 2015 and 2016.
For more information on Ms. Stevenson’s professional background, please refer to the Orrick website.
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