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Justice News

Department of Justice
U.S. Attorney’s Office
Eastern District of California

Wednesday, February 19, 2014

Four In U.S. Attorney’s Office For Eastern District Of California To Receive California Lawyer Magazine’s Attorney Of The Year Awards

SACRAMENTO, Calif. — California Lawyer magazine has named four attorneys in the United States Attorney’s Office for the Eastern District of California to receive its California Lawyer Attorneys of the Year Awards, United States Attorney Benjamin B. Wagner announced. The attorneys being honored are: Assistant U.S. Attorney Colleen Kennedy; Kelli L. Taylor, who is Chief of the office’s Affirmative Civil Enforcement Unit; and David T. Shelledy, who is Chief of the office’s Civil Division; as well as the U.S. Attorney himself. The awards are presented each year to members of the California bar whose work has had significant impacts in the previous year.

California Lawyer identified as the basis for the awards the work of the U.S. Attorney’s office in investigating JPMorgan Chase over toxic mortgage debt, and in spearheading talks that led to a $13 billion fraud settlement last November with the bank. It was the largest settlement by the U.S. Department of Justice with a single entity in American history, and resolved federal and state civil claims arising out of the packaging, marketing, sale and issuance of residential mortgage-backed securities by JPMorgan, Bear Stearns and Washington Mutual prior to January 1, 2009. It required JPMorgan to pay $2 billion to the U.S. Department of Justice in connection with the allegations asserted by the U.S. Attorney’s Office, plus $7 billion total to five states and three federal agencies, and an additional $4 billion worth of relief to homeowners and to neighborhoods impacted by the financial crisis that began in 2008.

The U.S. Attorney’s Office investigation was conducted with assistance from special agents with the Federal Housing Finance Administration’s Office of Inspector General, and in conjunction with the Residential Mortgage-Backed Securities Working Group, a component of the Financial Fraud Enforcement Task Force. The Task Force was established by President Obama in 2009 to wage an aggressive, coordinated, and proactive effort to investigate and prosecute financial crimes. With more than 20 federal agencies, 94 U.S. attorneys’ offices and state and local partners, it is the broadest coalition of law enforcement, investigatory and regulatory agencies ever assembled to combat fraud. For more information on the task force, please visit www.StopFraud.gov.

Updated April 8, 2015