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Michael B. Schultz

Managing Director

Photograph of Michael B. Schultz

485 Lexington Avenue, 10th Floor
New York, NY 10017

+1.212.818.1555 Main
+1.516.758.0950 Direct

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Michael Schultz is a Managing Director at Ankura, based in New York, with more than 18 years of experience as an attorney and consultant delivering compliance, independent monitoring, integrity oversight, and legal services. Throughout his career, Mike has worked with public and private sector clients in connection with a variety of high-profile and sensitive matters.

Experience

At Ankura, Mike utilizes his diverse government and private sector experience to: (i) lead multidisciplinary monitorship teams overseeing resolution agreements involving government entities; (ii) develop, review, and enhance compliance programs; (iii) undertake complex investigations; and (iv) conduct third-party audits. His client work, which spans multiple industries and subject matter areas, including financial services, national security, technology, healthcare, and real estate, often involves close interaction with, and formal reporting to, government regulators and other key stakeholders.

Before joining Ankura, Mike served as a member of the New Jersey Attorney General’s executive staff, where he was responsible for managing the state’s high-priority litigations and enforcement actions, as well as conducting and overseeing investigations into alleged violations of various statutes, regulations, and ethical rules, with the objective of identifying and mitigating potential fraud, waste, and abuse. Additionally, Mike advised the New Jersey Governor’s Office and the Governor’s cabinet on a wide range of legal and policy matters, and developed and implemented significant government initiatives involving complex regulatory schemes.

Mike also worked as a partner at a New Jersey-based law firm, and spent several years at an Am Law 50 law firm. As a practicing attorney, he represented financial institutions and other business entities in complex litigation and government enforcement actions, and provided compliance and regulatory-related guidance in furtherance of identifying, managing, and mitigating risk.

Mike’s professional experience also includes the following:

  • Serving as a member of the leadership team providing oversight and reporting in connection with a court-mandated monitorship role arising out of a multi-billion-dollar settlement of consumer class action and regulatory enforcement actions brought against a global automobile manufacturer.
  • Serving as a senior member of a third-party monitorship team to a U.S.-based healthcare provider overseeing compliance with a CFIUS-imposed National Security Agreement requiring that certain patient data be protected against potential exploitation by foreign investors.
  • Serving as member of leadership team in a receivership matter involving the implementation of a court-ordered redress plan arising out of the largest overseas real estate investment scheme the FTC has ever targeted.
  • Serving as part of leadership team in court-appointed role as Independent Consultant to a large New York municipality in connection with the resolution of a civil enforcement action brought by the SEC arising out of allegations of misrepresentations related to securities offerings.
  • Assisting multi-billion-dollar specialty pharmaceutical company with internal investigation related to allegations that the company had improperly changed the Medicaid rebate for one of its major products.
  • Serving as team lead in connection with an ITAR consent agreement audit that involved transaction testing, site visits, interviews, analysis of policies and procedures, and reporting.
  • Serving as a senior member of a third-party monitorship team overseeing compliance with a CFIUS-imposed National Security Agreement arising out of the acquisition of certain assets of a global information technology company by an Indian-based buyer.
  • Serving as part of leadership team in court-appointed role as Independent Redress Administrator responsible for developing and implementing a claims program for 35,000 eligible consumers and issuing periodic progress reports to the FTC and subject companies.
  • Performing a compliance program effectiveness assessment for pharmaceutical manufacturer and making a series of recommendations for enhancements.
  • Representing NJ TRANSIT in connection with a National Transportation Safety Board investigation and legislative hearings following a fatal train crash.
  • Representing a New Jersey state agency in connection with a federal voluntary compliance agreement, which imposed enhanced compliance requirements on the expenditure of hundreds of millions of dollars in federal relief funds for Hurricane Sandy victims.
  • Conducting an internal investigation on behalf of a large financial institution related to the company’s compliance with Federal Reserve guidelines.
  • Overseeing an investigation conducted by the New Jersey Division of Equal Employment Opportunity regarding allegations of workplace discrimination at a state government entity.
  • Assisting with an internal investigation of a large financial institution in response to a subpoena issued by the Federal Housing Finance Agency, Office of Inspector General, seeking information related to the company’s compliance with underwriting guidelines.
Education
  • JD, Cum Laude, Seton Hall University School of Law
  • BS, Vanderbilt University
Certifications
  • Licensed to Practice Law in New York
  • Licensed to Practice Law in New Jersey
  • US District Court, District of New Jersey
  • Certified Compliance and Ethics Professional (CCEP)

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