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Paul, Weiss, Rifkind, Wharton & Garrison LLP

1285 AVENUE OF THE AMERICAS, NEW YORK, NY 10019-6064, USA
Tel:
Work +1 212 373 3000
Fax:
Fax +1 212 757 3990
Web:
www.paulweiss.com
Beijing, Hong Kong, London, New York, Tokyo, Toronto and 2 more

Brad S. Karp

Tel:
Work 212-373-3316
Email:
Paul, Weiss, Rifkind, Wharton & Garrison LLP

Work Department

Litigation, Cybersecurity & Data Protection, Financial Institutions, Insurance, International Arbitration, Securities Litigation, White Collar & Regulatory Defense

Position

Click here for attorney bio

Education

J.D., Harvard Law School, 1984 cum laude; B.A., Union College, 1981 summa cum laude, Phi Beta Kappa


United States: Dispute resolution

Corporate investigations and white-collar criminal defense

Within: Corporate investigations and white-collar criminal defense

The ‘very impressivePaul, Weiss, Rifkind, Wharton & Garrison LLP is ‘at the forefront of some of the country’s biggest investigations’. The firm regularly acts for Citigroup and represented Deutsche Bank in Libor-related investigations spanning several jurisdictions. It also represented Anthony Chiasson in his successful appeal against an insider trading conviction and acted for SAC Capital and Steve Cohen in an investigation into alleged insider trading. Other clients include the NFL, 21st Century Fox and JPMorgan Chase. Brad Karp chairs the firm, while the New York-based white-collar and regulatory defense practice is chaired by Theodore Wells, Roberto Finzi, Michele Hirshman and Lorin Reisner. In Washington DC, Mark Mendelsohn and Alex Young Oh chair the anti-corruption and FCPA practice. Roberto Gonzalez joined that office in January 2016 after serving as deputy general counsel of the Treasury Department.

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Financial services: litigation

Within: Leading lawyers

Brad Karp - Paul, Weiss, Rifkind, Wharton & Garrison LLP

Within: Financial services: litigation

Paul, Weiss, Rifkind, Wharton & Garrison LLP handles high-stakes litigation, regulatory investigations and enforcement proceedings on behalf a varied mix of financial services clients, including JPMorgan Chase, SAC Capital and iStar Financial. Brad Karp continues to represent Citigroup in financial crisis-related disputes and recently secured the dismissal of a ‘holder’ claim seeking damages in excess of $800m as a result of the bank’s alleged misrepresentation of its exposure to subprime-related assets. The firm also recently concluded its long-running representation of Deutsche Bank following the bank’s $2.5bn settlement with authorities in the US and UK with regard to the multi-jurisdictional investigation into Libor manipulation. In another victory on behalf of the German bank, using a limitation period defense, the firm successfully secured the dismissal of claims brought by Aozora Bank that it had deliberately collateralized a CDO in which the Japanese bank had invested with RMBS that it believed were likely to decline in value. Formerly deputy director of enforcement at the SEC Walter Ricciardi has high credibility before the agencies and as well as playing a prominent role in the Deutsche Bank Libor settlement, is also representing Virtu Financial in litigation and regulatory and investigative matters concerning high-frequency trading. Daniel Kramer’s ‘well-established reputation for both ethical and intellectual integrity translates into a deep and instant credibility with regulators and opposing counsel, making his representation of client interests that much more effective’. Other recommended partners include Richard Rosen, Bruce Birenboim and Washington DC-based Charles Davidow.

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General commercial disputes

Within: General commercial disputes

A ‘go-to New York law firm for litigation and regulatory investigations’, Paul, Weiss, Rifkind, Wharton & Garrison LLPprovides the highest level of service’ to a broad range of clients across the financial services, technology, media, sports, pharmaceutical and energy sectors. ‘Well-connected’ firm chair Brad Karp maintains a broad commercial and securities litigation practice; he and Bruce Birenboim and Elizabeth Sacksteder are defending AXA Equitable Life Insurance in a putative class action in the Southern District of New York that followed a 2013 report by the New York State Department of Financial Services on captive reinsurance. Time Warner Cable is another significant client; teams led by Jay Cohen, Jacqueline Rubin and Aidan Synnott have been representing it in two antitrust investigations and a shareholder dispute concerning corporate transactions. Leslie Fagen and Jack Baughman are also recommended. All partners are based in New York.

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Leading trial lawyers

Within: Leading trial lawyers

Brad Karp - Paul, Weiss, Rifkind, Wharton & Garrison LLP

Within: Leading trial lawyers

Brad Karp - Paul, Weiss, Rifkind, Wharton & Garrison LLP Brad Karp in New York is renowned for his expertise in sports law and special investigations. Karp defended the NFL against lawsuits filed by over 5,000 former NFL players alleging concussions sustained during their professional careers had long-term effects. He acted for the defendant in Ross v AXA Life Insurance, a putative class action brought by policyholders claiming a private right of action for ‘persons aggrieved’ by an insurer’s misrepresentation of its financial condition.

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Securities litigation: defense

Within: Leading lawyers

Brad Karp - Paul, Weiss, Rifkind, Wharton & Garrison LLP

Within: Securities litigation: defense

A leading firm for Wall Street banks’, Paul, Weiss, Rifkind, Wharton & Garrison LLP’s New York-based team is ‘without peer on all criteria in litigation and regulatory matters, certainly a firm that is at the top table’. The firm has ‘extraordinary depth in litigation generally and in securities litigation specifically’. Firm chair Brad Karp (who ‘always has a good read on the merits of a case’), Susanna Buergel and Richard Rosen secured the dismissal of an $800m claim against Citigroup for fraud and negligent misrepresentation of subprime mortgage exposure. ‘We trust his judgment implicitly’ say clients of ‘“ne plus ultra” litigatorDaniel Kramer, who ‘has great, practical business sense’. He acted for ADT Corporation in securing the dismissal of a stock-drop case filed in Florida. Martin Flumenbaum, Andrew Ehrlich and Claudia Hammerman are also recommended. Charles Davidow in Washington DC is highly recommended for both enforcement work and litigation. He played a key role in defending Merck in cases relating to its pain medication Vioxx. The firm has also played a key role in cases arising from the alleged manipulation of financial benchmarks and settled a key Libor-related matter for Deutsche Bank.

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United States: Industry focus

Sport

Within: Leading lawyers

Brad Karp - Paul, Weiss, Rifkind, Wharton & Garrison LLP

Within: Sport

Outstanding’ firm Paul, Weiss, Rifkind, Wharton & Garrison LLP’s ‘top-notch’ team handles heading-grabbing litigation and deals. Brad Karp led a team including Bruce Birenboim and Theodore Wells that represented the NFL in the main concussion MDL, which concluded with the denial of certiorari by the Supreme Court to a challenge to the settlement’s approval. Karp and Birenboim also secured the exclusion of Fifa from a case concerning head injuries in youth soccer - which is continuing against other defendants - on jurisdictional grounds. Joe Simons and Daniel Toal represented Major League Baseball (MLB) in a settled antitrust case brought by claimants who alleged that MLB Extra Innings and MLB.tv violate the Sherman Act by stopping teams broadcasting games themselves. Justin Hamill and Lynn Bayard advised WME IMG on its purchase of the UFC. The team is located in New York.

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United States: Labor and employment

ERISA litigation

Within: ERISA litigation

Paul, Weiss, Rifkind, Wharton & Garrison LLP specializes in high-profile cases and advises heavyweight clients such as JPMorgan Chase and ING. The practice was engaged by Citigroup and the fiduciaries of its pension plans to defend two stock-drop suits; Lewis Clayton and Brad Karp, who jointly lead the team, secured the dismissal of both actions. Robert Fleder and other team members defended Dave & Buster’s in a Section 510 putative class action related to the employer mandate under the ACA. Clayton and executive compensation and employee benefits expert Andrew Gaines advised Primerica on fiduciary regulation changes. All named partners are based in New York.

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