Stephanie Albrecht focuses her practice on white collar criminal defense and securities litigation, with significant experience in corporate internal investigations.
Stephanie has experience representing major corporations and individuals in cases involving potential violations of the securities laws, the Foreign Corrupt Practices Act, the False Claims Act, and other federal and state laws. She also has experience with securities litigation and complex commercial actions, as well as employment class actions.
Additionally, Stephanie devotes her practice to providing pro bono services to children in need.
Stephanie is an Associate Editor of The World in US Courts: Orrick's Quarterly Review of Decisions Applying US Law to Global Business and Cross-Border Activities.
Prior to joining Orrick, Stephanie was a law clerk in the Antitrust Law Section of the California Attorney General's Office. During law school, she served as a law clerk in the Division of Enforcement at the U.S. Securities and Exchange Commission.
Stephanie's recent engagements include the following:
- In a trade secret misappropriation trial in the Eastern District of California, obtained a jury verdict for client Sierra Railroad Company on all its claims, resulting in a federal jury award of $22.3 million in compensatory damages and $17.4 million in punitive damages, followed by a court award of $13.1 million in exemplary damages.
- Representation of a Fortune 50 Company in connection with internal investigation of potential FCPA violations.
- Representation of individuals in civil asset forfeiture actions.
- Representation of global eyewear company in wage-and-hour class action.
On March 8, 2017, a divided panel of the Ninth Circuit issued an opinion in Somers v. Digital Realty Trust Inc. that further widened a circuit split on the issue of whether the anti-retaliation provisions in the Dodd-Frank Wall Street Reform and Consumer Protection Act apply to whistleblowers who claim retaliation after reporting internally or instead only to those who report information to the SEC. Following the Second Circuit’s 2015 decision in Berman v. [email protected] LLC, the Ninth Circuit panel held that Dodd-Frank protections apply to internal whistleblowers. By contrast, the Fifth Circuit considered this issue in its 2013 decision in Asadi v. G.E. Energy (USA), LLC and found that the Dodd-Frank anti-retaliation provisions unambiguously protect only those whistleblowers who report directly to the SEC.
Plaintiff Paul Somers alleged that Digital Realty Trust fired him after he made several reports to senior management regarding possible securities law violations. Somers only reported these possible violations internally at the company, and not to the SEC. After his employment was terminated, Somers sued Digital Realty, alleging violations of state and federal securities laws, including violations of the whistleblower protections under Dodd-Frank. Digital Realty moved to dismiss on the ground that Somers was not a “whistleblower” under Dodd-Frank. The district court denied the motion, deferring to the SEC’s interpretation that internal reporters are also protected from retaliation under Dodd-Frank.