Lisa Vicens’ practice focuses on a broad spectrum of securities enforcement, investigations and compliance, as well as securities litigation, with a concentration in complex, cross-border issues.

Lisa frequently works on matters in Latin America, particularly enforcement matters involving clients in the region. Her litigation practice includes many notable securities actions and high-profile civil cases. She also has an active criminal pro bono practice.

Lisa joined the firm in 2005 and became a partner in 2015.

Notable Experience

Latin America

  • Petrobras, PGF and current and former officers and directors in securities fraud class action litigation and 29 individual actions in the U.S. District Court for the Southern District of New York in connection with Operation Carwash—reportedly the largest corruption scandal in Latin American history.

  • FCPA and corporate governance advice to a Mexican construction company in connection with an investigation by the CNBV and potential investigation by the SEC.

  • Independent investigation and representation before U.S. authorities of FCPA allegations for a Brazilian company with shares listed on a U.S. exchange.

  • Brazilian company in reviewing and revising FCPA policies and procedures, anti-corruption contractual provisions and due diligence processes.

  • Puerto Rican bank, Doral Financial Corporation, in SEC and DOJ investigations, and civil litigation, arising out of earnings restatements.

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  • Overseas Shipholding Group (OSG) in civil class action litigation and SEC enforcement matters involving international tax issues.

  • Bank of America in investigations by the SEC, Department of Justice, New York Attorney General and U.S. Congress concerning its acquisition of Merrill Lynch, in particular the payment of bonuses and disclosures relating to Merrill’s losses.

  • Several governmental and internal investigations, including for leading financial institutions, and on a number of federal securities class action lawsuits, including representing IMAX Corporation in SEC investigations into alleged accounting fraud.

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Civil Litigation

  • CARBO Ceramics in a federal securities class action litigation in securing dismissal of the complaint.

  • Bank of America Merrill Lynch in numerous ongoing individual securities actions filed across the country in connection with the issuance and underwriting of mortgage-backed securities.

  • Crédit Agricole group in litigation arising from the Madoff Ponzi scheme.

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Pro Bono

  • A member of the team that advocated on behalf of Erskine Johnson and succeeded in vacating his wrongful murder conviction.

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Selected Activities

  • Board Member, Her Justice
  • Member, Diversity Group, Association of Corporate Counsel
  • Member, Committee on Civic Education, U.S. Court of Appeals for the Second Circuit


Out From the Shadows: Examining Accounting Firm ‘Shadow Investigations,’” FTI Consulting podcast Fraud Eats Strategy by Scott Moritz, (with Mark Grover) (November 2020)

SEC Brings Enforcement Action Against Global Brokerage Company, Finding False and Misleading Statements In Connection With Non-GAAP Financial Measures,” (co-authored with Nick Grabar, Robin M. Bergen and Matthew C. Solomon) Cleary Enforcement Watch blog (November 2020)

DOJ and SEC Release Updated FCPA Resource Guide,” (co-authored with Joon H. Kim, Jonathan S. Kolodner and James Corsiglia) Cleary Gottlieb Alert Memo (July 2020)

DOJ Updates Guidance Regarding Corporate Compliance Programs,” (co-authored with Jennifer Kennedy Park, Jonathan S. Kolodner, Andres Felipe Saenz, Nicholas A. LaPalme) Cleary Gottlieb Alert Memo (June 2020)

The CARES Act and Mitigating False Claims Act Risk,” (co-author with Breon S. Peace, Jennifer Kennedy Park, Jonathan S. Kolodner, and Charity E. Lee) Cleary Gottlieb Alert Memo (April 2020); republished by Pratt’s Government Contracting Law Report (July 2020)

Accountability and Enforcement Under the CARES Act,” (co-author with Joon H. Kim, Jonathan S. Kolodner, and Natalie Noble) Cleary Gottlieb Alert Memo (April 2020); republished by The NYU Program on Corporate Compliance & Enforcement, April 6, 2020.

Navigating COVID-19: Best Practices for Managing Compliance Risk,” (co-author with Jennifer Kennedy Park, Amélie Champsaur, Guillaume de Rancourt, and Caroline Hailey) Cleary Gottlieb Alert Memo (March 2020)

Q&A: Localising a Global Compliance Programme,” (co-author with Aisling O’Sullivan, Abdus Samad Pardesi, and Adam Turteltaub)  Financier Worldwide, February 1, 2020

DOJ Issues Guidance on Cooperation In False Claims Act Investigations,” (co-author with Jennifer Kennedy Park and Breon S. Peace) Cleary Gottlieb Alert Memo (May 2019)

DOJ Updates FCPA Corporate Enforcement Policy,” (co-author with Jonathan Kolodner and Lorena Michelen), April 3, 2019, republished by the NYU Program on Compliance and Enforcement, April 10, 2019

Second Circuit Holds General Statements of Regulatory Compliance Cannot Sustain Securities Fraud Claim,” (co-author with Alexis Collins, Roger Cooper, Jared Gerber, and Matthew Slater), Cleary Gottlieb Alert Memo, March 8, 2019; republished by the Harvard Law School Forum on Corporate Governance and Financial Regulation, March 23, 2019

U.S. Criminal Prosecution Based on Panama Papers Hack Raises Novel Legal Issues,” Cleary Gottlieb Alert Memo (January 2019); republished by The Columbia Law School Blue Sky Blog (January 2019)

Second Circuit Holds That DOJ Cannot Reach Foreign Nationals Not Otherwise Covered by the FCPA Through Conspiracy or Aiding-and-Abetting Charges,” (co-author with Jonathan Kolodner, Jennifer Kennedy Park, and Olivia Renensland), Business Law Today, October 17, 2018 

“Anti-Corruption in Guatemala: A Critical Moment for CICIG” (co-author with David Feinstein), Cleary Gottlieb Enforcement Watch, October 15, 2017

FOIA Disclosure of Federal Compliance Documents?,” (co-author with Abena Mainoo, Jonathan Kolodner, and Charity Lee), Harvard Law School Forum on Corporate Governance and Financial Regulation, July 19, 2018

“Making Disclosures To Auditors Without Waiving Privilege” (co-author with Daniel Queen), Law360, May 5, 2017

“Acting SEC Chair’s Steps to Centralize the Process of Issuing Formal Orders—Are Commentators Drawing the Right Lessons?” (co-author with Matt Solomon), Harvard Law School Forum on Corporate Governance and Financial Regulation, March 13, 2017

“Department of Justice Foreign Corrupt Practices Act Enforcement Initiatives,” Selected Issues for Boards of Directors in 2017, January 17, 2017

“Cleary Explores Appeals Court Split Over SEC Administrative Cases” (co-author with Breon Peace and Darryl Stein), Columbia Law School’s Blog on Corporations and the Capital Markets, January 11, 2017

“The Future of SEC Administrative Proceedings” (co-author with Breon Peace and Darryl Stein), Law360, January 4, 2017

“Changes and Challenges in the SEC’s ALJ Proceedings,” (co-author with Breon Peace and Daniel Queen), Harvard Law School Forum on Corporate Governance and Financial Regulation, November 12, 2016