Allen E. Molnar
Member

Mr. Molnar is a member of the firm and the Government Compliance and Investigations Practice Group.  He also serves on the Financial Institutions and Capital Markets Industry Team.  He represents a diverse range of U. S. and foreign-based financial services institutions and commercial clients on trade compliance matters and in ancillary proceedings related to ongoing litigation, such as grand jury and federal regulatory investigations and international corporate investigations.  Mr. Molnar handles issues with multijurisdictional or international implications, such as compliance with requirements of the Foreign Corrupt Practices Act, the Bank Secrecy and PATRIOT Acts, data privacy requirements, import-export issues, and matters involving the Treasury Department's Office of Foreign Assets Control, the Commerce Department's Bureau of Industry and Security, and the State Department’s Directorate of Defense Trade Controls.  In addition, Mr. Molnar has interacted with the Federal Bureau of Investigation, the U. S. Secret Service, state police, the federal Financial Crimes Enforcement Network, and overseas law enforcement officials in the resolution of several matters.  Mr. Molnar’s representative cases include:

• Successfully obtained emergent relief for a financial institution whose depositors' online accounts were subject to electronic theft through intercession of Secret Service and FBI resources.
• Counseled a prominent international professional-membership association on issues relating to its e-commerce delivery of products and services in compliance with embargo and trade restraint regulations enforced by the Treasury Department's Office of Foreign Assets Control.
• Obtained dismissal, with prejudice, of a $7.5 million federal securities fraud/RICO conspiracy case against a national bank and the investment firm that handled issuance of mortgage backed securities, and designed a related compliance program update.
• Obtained dismissal, with prejudice, of federal antitrust, fraud, RICO and conspiracy claims against a national banking association accused of improperly fixing fees and interest rates on credit cards, home equity loans and other consumer credit facilities.
• Summary judgment dismissal, with prejudice, of multiple state and federal lawsuits brought against an East Coast super-regional institution; a foreign-based plaintiff had sought $26 million in funds allegedly lost as a result of the bank's purported negligence in handling funds which were part of an international "gray market" investment program, and related representation before regulatory and law enforcement authorities in the U.S. and UK.
• Successfully represented domestic businesses whose executives were subpoenaed and interviewed for the purpose of giving evidence in a proceeding conducted by federal magistrates of The Netherlands
• Recovered $3.6 million for an investment firm in accelerated proceedings before the Supreme Court of New York in a complex trust indenture matter.
• Supervised and participated in the handling of a bank holding company acquisition which was, at the time, the largest in New Jersey's commercial history.
• Conducted internal investigation on behalf of Fortune 100 manufacturing company based in Germany regarding its American operations, and recovered company funds found to have been embezzled by a former executive.
• Conducted internal investigation on behalf of prominent New Jersey human resources consulting and benefits holding company, and successfully resolved issues uncovered during that exercise with state regulatory and law enforcement agencies.
• Conducted internal investigation on behalf of a national credit union in connection with interstate transmission of fabricated check stock fraudulently presented as "sweepstakes awards," and represented client in referrals to state and federal law enforcement agencies.

Mr. Molnar’s reported cases include: Lum v. Bank of America, et al, 361 F.3d 217 (3d Cir. 2004) and Owens-Illinois, Inc. v. United Insurance Company, et al, 138 N.J. 437 (1994).