Keith R. Murphy

Partner

New York
T +1.212.589.4686
F +1.212.589.4201

Overview

Keith Murphy handles a wide range of bankruptcy and other high-stakes matters, including financial fraud investigations, litigation and recoveries, director and officer defense and litigation, chapter 11 restructurings, cross-border insolvencies and creditor representations. He is a trusted advisor to clients, with substantial experience representing court-appointed trustees and receivers in investment frauds, as well as clients in the financial, securities, healthcare, e-commerce, manufacturing and retail sectors during his 25-year career.

Having successfully litigated and mediated many cases, Keith provides clients with rational and creative solutions to complex issues, with an accomplished track record of recovering hundreds of millions of dollars for clients in a cost-effective manner. His weekly contributions to the firm’s Blockchain blog addressing cryptocurrency, non-fungible tokens (NFTs) and regulation issues add to his considerable experience.

Keith has been a speaker on panels relating to bankruptcy topics, including at the American Bankruptcy Institute’s Annual New York City Bankruptcy Conference, is a former adjunct professor at St. John’s University School of Law, is co-Chair of the firm’s Mentor/Mentee Committee in the New York office, and has provided pro bono guidance to struggling New York companies throughout the Covid-19 pandemic. Following law school, Keith served as Law Clerk to the Honorable Stephen D. Gerling, Chief Judge of the U.S. Bankruptcy Court for the Northern District of New York. During law school, Keith was an Articles and Notes Editor for the American Bankruptcy Institute Law Review.

Select Experience

  • In re Bernard L. Madoff Investment Securities LLC: Representing Irving H. Picard, Trustee for the Securities Investor Protection Act (SIPA) liquidation of Bernard L. Madoff Investment Securities LLC.
  • SEC v. Stefan Qin, et al.: Representing Robert Musiala, Securities and Exchange Commission (SEC) Receiver appointed in cryptocurrency investment fraud case.
  • In re Mallinckrodt, Plc: Represented hedge fund / investment advisor in chapter 11 matter.
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Experience

  • In re Bernard L. Madoff Investment Securities LLC: Representing Irving H. Picard, Trustee for the Securities Investor Protection Act (SIPA) liquidation of Bernard L. Madoff Investment Securities LLC.
  • SEC v. Stefan Qin, et al.: Representing Robert Musiala, Securities and Exchange Commission (SEC) Receiver appointed in cryptocurrency investment fraud case.
  • In re Mallinckrodt, Plc: Represented hedge fund / investment advisor in chapter 11 matter.
  • In re New England Motor Freight, Inc., et al.: Represented multiple Trinity Health Services LLC hospitals in fraudulent transfer actions.
  • In re PG&E Company, et al.: Represented the Official Committee for Tort Claimants in connection with chapter 11 case.
  • In re Grandparents.com, Inc., et al.: Defended multiple former directors and officers against breach of fiduciary duty and other claims.
  • Wesley Holdings, Ltd. v. 3si Systems LLC: Represented creditor and asset purchaser in a fraud receivership case.
  • U.S. Small Business Administration v. Feinsod, et al.: Defended former director against breach of fiduciary duty and other claims.
  • CFTC v. Diego Mariano Rolando, et al.: Represented Commodity Futures Trading Commission Receiver in international investment fraud case.
  • SEC v. Northshore Asset Management, LLC, et al.: Represented SEC Receiver appointed in financial investment fraud case.
  • SEC v. Yehuda Shiv, et al.: Represented SEC Receiver appointed in financial investment fraud case.
  • In re Magnatrax Corp.: Represented debtor in chapter 11 steel buildings manufacturer restructuring.
  • In re Integrated Health Services, Inc., et al.: Represented debtors in chapter 11 healthcare restructuring.
  • In re Merry-Go-Round Enterprises, Inc.: Represented creditor in avoidance action.
  • In re Caldor, Inc., et al.: Represented debtors in retail chapter 11 case.

Recognitions and Memberships

Recognitions

  • New York Metro "Super Lawyer" (2013 to 2022)

Memberships

  • American Bankruptcy Institute
  • American Bar Association
  • New York State Bar Association
  • St. John's University School of Law Alumni Association

News

News

Blog Posts

Pro Bono

  • New York Covid-19 Small Business Clinic Assistance Project: Provided guidance and advice to New York small business owners in connection with financial challenges resulting from the Covid-19 pandemic.
  • Successfully represented a school child with behavioral issues in a case seeking funding for specialized school tuition.

Prior Positions

  • Kaye Scholer LLP: Bankruptcy Department
  • Winick & Rich, P.C.: Bankruptcy Department
  • Clerk for the Honorable Stephen D. Gerling, Chief Judge for the United States Bankruptcy Court, Northern District of New York

Admissions

  • U.S. Court of Appeals, Second Circuit
  • U.S. District Court, Southern District of New York
  • U.S. District Court, Eastern District of New York
  • U.S. District Court, Northern District of New York
  • U.S. District Court, District of New Jersey
  • New York
  • New Jersey
  • Connecticut

Education

  • J.D., St. John’s University School of Law, 1996; Articles and Notes Editor, American Bankruptcy Institute Law Review
  • B.A., State University of New York at Albany, 1991

Blog

In The Blogs

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Blockchain Monitor
US Crypto Exchange Consents to $100M DFS Settlement for AML Compliance Failures
By Jonathan A. Forman, Teresa Goody Guillén, Christopher W. Lamb, Keith R. Murphy, Robert A. Musiala Jr., Veronica Reynolds, Joanna F. Wasick
January 23, 2023
On January 4, 2023, the New York State Department of Financial Services (“DFS”) announced that Coinbase, Inc., a major U.S. cryptocurrency exchange, will pay a $50 million penalty and invest an additional $50 million in its compliance...
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Blockchain Monitor
Paper Touts DeFi FX Benefits; New Stablecoin Launched; DAO Toolkit Published; BIS Addresses Crypto Risk; SEC, FinCEN, and DOJ Bring Enforcement Actions
By Teresa Goody Guillén, Amos Kim, Christopher W. Lamb, Keith R. Murphy, Robert A. Musiala Jr., Joanna F. Wasick
January 20, 2023
In this issue:• Paper Explores Benefits of DeFi for FX; Australian Bank Launches Stablecoin• World Economic Forum Publishes DAO Toolkit; ETH Staking Continues to Grow• New BIS Bulletin and Thailand SEC Regulations Address Digital Asset...
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Blockchain Monitor
Crypto Products Launch; NFTs Allowed for Political Fundraising; Bank Regulators Address Crypto Risk; DOJ/SEC Target Crypto Fraud; Scams Continue
By Lauren Bass, Amos Kim, Christopher W. Lamb, Keith R. Murphy, Robert A. Musiala Jr., Joanna F. Wasick
January 6, 2023
In this issue:• Crypto Apps Launch New Features, Custody Firm Achieves CCSS Certificate• NFTs Permitted for Political Fund Raising; Analysis Details NFT Wash Trading• US and International Regulators Address Crypto Risk Factors for Banks•...
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Blockchain Monitor
Crypto Market Data Published; Settlement Pilot Announced; Reports Analyze Crypto Scams; Exchanges Seek to Prove Reserves as Users Withdraw Funds
By Amos Kim, Christopher W. Lamb, Keith R. Murphy, Robert A. Musiala Jr.
November 18, 2022
In this issue: New Crypto Market Data Published, Blockchain Settlement Pilot Announced CFPB Publishes Report on Crypto Scams; Study Analyzes Scams on Uniswap Multiple Cryptocurrency Exchanges Intend to Publish ‘Proof of Reserves’ Users...
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Blockchain Monitor
New Crypto Products Launch; US Official Addresses Crypto Regulation; State Securities Regulators Target Metaverse Casino NFTs; DOJ Targets Crypto Crimes
By Keith R. Murphy, Robert A. Musiala Jr., Shade I. Quailey, Joanna F. Wasick
October 28, 2022
In this issue: • Crypto Products Launch in Debit Cards, Payment Gateways, Trading Platforms• EU Blockchain Observatory Publishes Report on Blockchain for Supply Chains• US Banking Official Addresses Approach to Regulating Crypto-Assets•...
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