Megan Conway Rahman

Megan provides informed advice and support to individuals and corporations facing regulatory, civil, and criminal investigations, ensuring that her clients’ legal and strategic needs are met at each stage of the representation. She is familiar with the entire lifecycle of corporate compliance, conducting internal investigations and audits, providing compliance training and counseling, and representing clients in government investigations and high-stakes federal and state civil and criminal litigation.

Megan works closely with clients at all stages of the government enforcement process, handling sophisticated internal investigations and litigation related to a wide variety of criminal and enforcement matters. She vigorously represents client interests before regulatory bodies, including the U.S. Department of Justice, the Securities and Exchange Commission, and federal grand juries, achieving successful results in matters related to alleged antitrust violations, securities fraud, government contracting fraud, embezzlement, insider trading, bank and lending fraud, health care fraud, and accounting fraud, as well as violations of the Foreign Corrupt Practices Act (FCPA) and the False Claims Act. Clients also regularly choose Megan to advise them on regulatory and legislative matters related to U.S. national security, including Committee on Foreign Investment in the U.S. (CFIUS) notifications.

Megan focuses on ensuring that clients’ legal and strategic goals are met. As part of these efforts, Megan frequently presents continuing legal education programs to help in-house counsel stay informed on developments in regulatory compliance so that they can devote their energy to the success of their businesses.

Investigative and Litigation

• Successfully represented the national sales manager of a broiler chicken producer in a series of three multiweek federal antitrust criminal jury trials, ultimately obtaining a not guilty verdict on behalf of our client after 10 months and two mistrials when jurors deadlocked after weeks of trial. The case stemmed from the U.S. Department of Justice’s ongoing investigations into the poultry industry and involved allegations of price fixing and bid rigging in the sale of broiler chickens to national quick-service restaurant chains.
• Conducted an internal investigation of whistleblower claims made by an employee of a large public company.
• Represented a utility under investigation by the Securities and Exchange Commission for alleged fraud related to the estimated costs and expected in-service date of a first-of-a kind asset, for which non-enforcement was recommended.
• Conducted an internal investigation and counseled a medical device startup in a federal health care fraud investigation.
• Conducted an internal investigation on behalf of the Special Committee of Board of Directors into allegations of misconduct by the CEO of an NYSE-listed public company.
• Represented the officers and inside directors of a financial institution taken over by the FDIC against claims of financial mismanagement and breach of fiduciary duties.
• Represented a state lending institution in a False Claims Act action alleging improper charges to the U.S. Department of Education student loan program.
• Represented a Europe-based company in connection with an FCPA due diligence process associated with an Africa-based asset acquisition.
• Represented a national wholesale distribution company in a False Claims Act action alleging violations of the Buy American Act and the Trade Agreements Act.

CFIUS

• Represented PNM Resources, Inc. before CFIUS in connection with its approximately $8.3 billion proposed merger with Avangrid, Inc. Obtained CFIUS clearance without any mitigation following the initial 45-day review period.
• On the heels of a demand by Congress for a CFIUS investigation, represented a North Carolina joint venture backed by a large China state-owned entity that manufactures, assembles and sells rail freight cars in North America. Obtained CFIUS clearance without any mitigation following the minimum 75-day review period.
• Represented a China-based industrial company before CFIUS in connection with its acquisition of a U.S. competitor. Among other things, the acquirer sold products to a country subject to UN sanctions, and CFIUS rejected a previous effort by a China entity to acquire the target. Successfully obtained CFIUS clearance without any mitigation following the 75-day review period.
• Represented a Canadian mining company before CFIUS in connection with the sale of its U.S. mining subsidiary to a Canadian mining company and obtained CFIUS clearance of the transaction.
• Represented a U.S. federal contractor before CFIUS in connection with its acquisition by a Danish company and obtained CFIUS clearance of the transaction.
• Represented a Canadian mining company before CFIUS in connection with the purchase of a Canadian company with a U.S. subsidiary with a cobalt mining operation and obtained CFIUS clearance of the transaction.

• Best Lawyers in America®: Litigation – Securities (2024)
• Benchmark Litigation: “Future Litigation Star” in Virginia (2024-2025)
• Chambers USA: Litigation: White Collar Crime & Government Investigations, Virginia; “Up and Coming” (2023); Band 2 (2024-2025)
• Influential Woman of Virginia, Virginia Lawyers Media (2020)
• Legal 500 United States: Antitrust: Civil Litigation/Class Actions: Defense (2025)
• Rising Star, Business Litigation, Law & Politics’ Virginia Super Lawyers (2007, 2008, 2009)
• Rising Star, Criminal Defense: White Collar, Law & Politics’ Virginia Super Lawyers (2010, 2011)