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Lindsay E. Ray*

Of Counsel

Lindsay Ray represents clients in complex litigation and enforcement matters, with a special emphasis on white collar defense, government investigations, securities litigation, and commercial litigation.

Professional Biography

Lindsay Ray, a member of the Firm's Government Enforcement and Investigations Group, represents clients in litigation matters, with a focus on white collar defense, complex commercial litigation, securities litigation, labor and employment disputes, and governmental investigations. Ms. Ray represents clients in a variety of industries, including investment firms, health care, real estate developers, entertainment and media companies, companies in the power generation industry, pharmaceutical companies, and hedge funds, as well as individuals subject to governmental investigations and criminal prosecution.

Additionally, Ms. Ray has dedicated a significant amount of time to pro bono matters, including the successful negotiation of a settlement on behalf of an artist with regard to the misuse of his copyright-protected photographs and other work. She also represented an inmate of New York's Department of Corrections and Community Supervision in his Section 1983 prisoners' rights case involving the Eighth and Fourteenth Amendment violations caused by his four-and-a-half years spent in solitary confinement.

Ms. Ray clerked for the Hon. Mark J. Dinsmore of the U.S. District Court for the Southern District of Indiana in Indianapolis. She speaks Spanish proficiently.

  • Conducted an internal investigation and compliance policy review for international pharmaceutical company in response to a whistleblower complaint relating to a potential Foreign Corrupt Practices Act (FCPA) violation by the company's foreign subsidiary.

  • Defended former hedge fund executive in his criminal sentencing for wire fraud where his co-defendant had been charged and sentenced for participation in a kickback scheme.

  • Represented a prominent media company in defense of a series of sexual harassment and gender discrimination claims.

  • Represented health care services company in litigation enforcing breach of promissory notes and guarantee against borrower and guarantor in relation to transfer of assisted living facilities.

  • Defended and obtained declination letters on behalf of the former CEO and CFO of a power generation and energy technology company in relation to an SEC investigation of the company's accounting and reporting practices.

  • Represented a major trader of an international bank in defense of criminal market manipulation allegations in relation to the ForEx scandal.

  • Conducted an internal investigation and report for a global investment firm in response to sexual harassment and hostile work environment complaints.

  • Represented an executive of a transnational wastewater management company in relation to his employer's internal investigation and related DOJ investigation in response to a report of potential FCPA violations relating to his work in South America.

  • Defended and obtained declination letter on behalf of a biotechnology company in relation to an SEC investigation of the company's reporting practices.

  • Represented a pharmaceutical company in its defense of multi-district litigation and related coordinated state litigations.

  • Represented a New York real estate developer and Hasidic Jewish residents in Section 1983 civil rights litigation involving municipalities' deterrence of the migration of Hasidic Jews.

  • Member – New York County Lawyers' Association McInerney Inn of Court
  • "What You Need To Know about the New DOJ Corporate Enforcement Policies and Changes To Come," Celesq/Thomson Reuters (West) Webinar (November 2022)
  • "Practical Scenarios: Addressing Anti-Corruption Compliance Challenges in Joint Ventures, Mergers and Acquisitions with New Guidance from the DOJ," Association of Corporate Counsel (December 2020)
  • "There's No Place Like Home: The Virtual Practice of Law," New York County Lawyers' Association McInerney Inn of Court (September 2020)
  • "Walking the Line in Financial Services: Where is the line? And what should you do if the line is not clear?," New York County Lawyers' Association McInerney Inn of Court (September 2019)


  • Indiana University Maurer School of Law, J.D., 2013, cum laude
    • Managing Editor, Indiana Law Journal
  • University of Delaware, B.A., 2010, summa cum laude, phi beta kappa


  • Tennessee, pending
  • New York, 2014
  • U.S. District Court for the Middle District of Tennessee, 2022
  • U.S. District Court for the Eastern and Southern Districts of New York
  • U.S. District Court for the Southern District of Indiana



Baker Donelson professional admitted to the practice of law in New York; Tennessee bar application pending. 

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