DLA Piper adds David Stier as a partner in the firm’s Litigation group

DLA Piper is continuing the growth of its Litigation practice with the addition of David Stier as a partner in the firm’s Washington, DC office.

Stier is a litigator and trial attorney with significant experience in financial services, including fintech, cryptocurrency and digital assets, anti-money laundering investigations and white-collar matters. For the past 12 years, he has served in various government positions, including the U.S. Department of Justice’s (DOJ) Money Laundering and Asset Recovery Section’s (MLARS) Bank Integrity Unit, the DOJ Criminal Fraud Section’s Market Integrity and Major Frauds Unit, the U.S. Department of the Treasury’s Office of the Special Inspector General for the Trouble Asset Relief Program (SIGTARP) and the Treasury’s Office of Financial Stability focusing on the financial crisis era TARP programs.

During his time at the MLARS’ Bank Integrity Unit, Stier led complex Bank Secrecy Act (BSA), sanctions, bribery, money laundering, Foreign Corrupt Practices Act and fraud investigations and prosecutions involving the cryptocurrency industry, fintech companies, financial institutions and broker-dealers. Additionally, as a DOJ representative to an interagency law enforcement group, Stier provided guidance to the Treasury Department and the Financial Action Task Force on BSA and anti-money laundering issues and regulations involving high-value art, non-fungible tokens and related matters including the beneficial ownership rule.

While at the DOJ’s Fraud Section, Stier served as lead trial attorney on complex securities and corporate fraud cases involving public companies and financial services firms and their executives and liaised with the Securities and Exchange Commission on parallel investigations.

Among his roles at the Treasury Department, Stier served as SIGTARP’s Assistant Chief Investigative Counsel where he helped develop and execute the agency’s strategy for combatting TARP fraud and liaised with law enforcement and financial regulators nationwide, including the Office of the Comptroller of the Currency, Federal Deposit Insurance Corporation, Federal Reserve, Consumer Financial Protection Bureau and Federal Trade Commission. Additionally, at the Treasury’s Office of Financial Stability, Stier helped build and improve TARP anti-fraud and compliance initiatives and created a cutting-edge online brand protection program to safeguard Treasury’s homeowner assistance programs.

“David’s move to the firm will add depth to our financial services and regulatory enforcement practice. With the recent signaling by regulators, we anticipate that the legal and enforcement landscape for financial services companies will become more complex. His years of government service, especially around digital assets and advisory work, will be incredibly beneficial for our clients,” said Ilana Eisenstein, US chair of the firm’s Litigation practice.

“David will be a valuable addition to the robust Litigation practice in our DC office, and his extensive experience at DOJ and Treasury will complement our team and offer valuable insights and counsel to our clients,” said William Minor, managing partner of the firm’s Washington, DC office.