Elizabeth Marshall Anderson

Senior Associate


Elizabeth Marshall Anderson is a senior associate in Orrick’s White Collar, Investigations, Securities Litigation & Compliance group, who focuses on white collar and securities matters.

Elizabeth (Liz) represents companies and individuals in government investigations, regulatory enforcement matters, internal investigations, and complex civil litigation. Liz has appeared on behalf of banks, investment advisors, accounting firms, public companies, and broker-dealers in federal court and before the Securities and Exchange Commission and the Department of Justice, among others. She also has experience conducting large internal investigations related to accounting and compliance issues. Liz has represented individuals in shareholder securities class actions.

  • Liz’s experience includes:

    • Represented Lumber Liquidators in multiyear, cross-border investigations by the Department of Justice and Securities and Exchange Commission.
    • Representing a former big four accounting firm partner in a matter arising from alleged use by the accounting firm of confidential Public Company Accounting Oversight Board (PCAOB) information relating to future PCAOB inspections. The matter included parallel investigations by the Department of Justice and the Securities and Exchange Commission.
    • Represented the former CFO of Och Ziff, a global alternative asset management firm, in a securities class action in the Southern District of New York.
    • Successfully represented the former CFO of Hanger, Inc., the leading provider of orthotic and prosthetic patient care in the United States, in obtaining the dismissal of a securities class action and defending that ruling on appeal to the Fifth Circuit.
    • Representing a provider of translation services in a whistleblower False Claims Act case in the District of Maryland.
    • Represented accounting firm in SEC investigation on auditor independence issues.
    • Conducted internal investigation into accounting and budgeting practices at large nonprofit after employee embezzled millions of dollars.
    • Represented regional bank in month-long jury trial on contract issues in the District of Maryland.
    • Conducted internal investigation of the home mortgage group of one of the world’s the largest banks for presentation to the OCC.