Friday, July 25, 2014
Wednesday, July 23, 2014
Monday, July 21, 2014
Celiza (Lisa) Braganca has over 20 years of experience as a litigator, primarily in the area of financial and securities litigation. Lisa's expertise in this area was honed when she served as a Branch Chief in the Division of Enforcement of the Securities & Exchange Commission, where she handled investigations of financial fraud, offering fraud, insider trading, churning, unsuitability, and Foreign Corrupt Practices Act violations. More recently, she has represented investors in recovering substantial losses before FINRA arbitrators as well as represented directors and officers in SEC investigations, class actions, and related matters. Prior to attending law and business school, Lisa was a consultant with the division of Arthur Andersen & Company that later became Accenture. She is a member of the Trial Bar for the United States District Court for the Northern District of Illinois.
J.D. with honors (Order of the Coif) and M.B.A., University of Chicago, 1992
B.A. in Economics, with honors, University of Chicago, 1984
Securities Litigation and Investigations While at the SEC, Lisa investigated major accounting firms, subprime lenders, telecommunications companies, broker-dealers, and other financial entities. She investigated significant financial fraud at Mercury Finance Company, which led to civil and criminal fraud charges being brought against the company's former Chairman and CEO, former treasurer, and former accounting manager. She participated in the investigation of Foreign Corrupt Practices Act violations arising out of the bribery of Haitian customs officials by officers of American Rice, Inc. She coordinated that FCPA investigation with the Department of Justice's Fraud Division. Those investigations resulted in criminal convictions of American Rice's former CEO and former vice president of operations. (In the Matter of American Rice, Inc., et al., Exchange Act Release No. 47286, SEC Admin. Proceeding File No. 3-11024 (Jan. 30, 2003)). Lisa has valuable perspective to offer when representing directors, officers, and others in connection with SEC and related investigations. Her securities law experience also carries over to other matters, including recovering investors losses resulting from fraud or other misconduct.
Securities matters that Lisa has handled include: Securities & Exchange Commission v. Terry Dowdell, et al., 175 F. Supp. 2d 850 (W.D. Va. Dec. 7, 2001), 2002 WL 236687 (Feb. 15, 2002), 2002 WL 424595 (Mar. 14, 2002) (obtained injunction against promoters of international Ponzi scheme); In the Matter of Laurie Canady, SEC Admin. Proceeding File No. 3-8531-D (Nov. 26, 2001) (sanction of Merrill Lynch registered representative for churning and unsuitable investments); and SEC v. Stanley Awdisho, et al., Civ. No. 04-C-6125 (N.D. Ill., filed Sept. 21, 2004) (targeted manipulation of stock option markets via "small order lot baiting" or "spoofing").
Directors and Officers Lisa has represented directors and officers before the SEC and in financial and securities litigation, including SEC investigations and litigation, securities class actions, fiduciary duty actions, and related bankruptcy actions.
Other Litigation Prior to joining the SEC, Lisa concentrated on complex commercial litigation. While at Jenner & Block, she represented Case Corporation in a federal court trial in which the jury awarded Case the entire $4.2 million sought for breach of contract against its insurer, plus an additional $10 million in punitive damages against the insurer for bad faith denial of claims. Lisa has also served as class counsel in statewide class actions that are changing the way the State of Illinois provides long-term supports and services to low-income people with disabilities.Email: Lisa@stoltlaw.com