Theodore L. Banks (Ted) is Counsel to the law firm of Scharf Banks Marmor LLC in Chicago, where his practice concentrates on general corporate and antitrust matters. He is President of Compliance & Competition Consultants, LLC, a firm devoted to assisting companies of all sizes in development of effective and efficient programs in the areas of corporate compliance, product distribution, internal investigations, and records management. Formerly, he served as Chief Counsel & Senior Director, Global Compliance Policy, at Kraft Foods in Northfield, Illinois. While at Kraft, his responsibilities also included complex litigation, corporate transactions, records management, antitrust, and supervision of computer applications used in the Corporate and Legal Affairs Department. He is also an Adjunct Professor of Law at Loyola University (Chicago) School of Law.
Throughout his career, Ted directed many substantial corporate transactions and dozens of litigated cases in antitrust and other areas. He supervised the $19 billion acquisition of Nabisco by Kraft, and the $8.7 billion IPO of Kraft Foods Inc. In 2010, he was appointed by the Federal Trade Commission and the Competition Bureau of Canada to serve as the monitor to ensure compliance with provisions of orders issued in connection with a major acquisition.
Ted has written numerous articles on antitrust, compliance, and legal automation topics, and co-edited the Corporate Legal Compliance Handbook, published by Aspen/Wolters-Kluwer. His multi-volume treatise, Distribution Law: Antitrust Principles and Practice, also published by Aspen/Wolters-Kluwer, is now in its second edition. He is a frequent speaker at continuing legal education programs, where he strives not to bore the attendees too much.