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Expanded Bio
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Brad S. Karp

Partner

Tel: 212-373-3316
Fax: 212-492-0316  
bkarp@paulweiss.com

New York
1285 Avenue of the Americas
New York, NY 10019-6064

Chair of the firm since 2008, Brad Karp is one of the country’s leading litigators and corporate advisers. Brad has extensive experience successfully defending financial institutions and other companies in “bet the company” litigations and regulatory matters. Prior to being named chair of Paul, Weiss, Brad chaired the firm’s Litigation Department.

Experience

Significant representations include:

  • Apollo in several litigations, advisory and regulatory matters;
  • Bank of America in several matters, including the litigations and regulatory matters arising out of Bank of America's 2008 merger with Merrill Lynch;
  • Bank of New York Mellon in several matters, including the litigations and regulatory matters arising out of the bank's foreign exchange standing instruction orders;
  • Citigroup  in multiple matters, including:
    • its arbitral victory defeating multi-billion-dollar claims brought by the Abu Dhabi Investment Authority (ADIA), arising out of its December 2007 $7.5 billion investment in Citigroup;
    • its Southern District of New York jury trial victory defeating multi-billion-dollar claims by London-based private equity firm Terra Firma, which claimed it was defrauded in connection with its 2007 purchase of EMI;
    • its New Jersey state court jury trial victory defeating a multi-billion-dollar lawsuit brought by Parmalat;
    • its arbitral victory defeating a billion-dollar claim by a WorldCom investor who claimed he was defrauded by Citigroup and Jack Grubman, as a result of allegedly fraudulent research;
    • its subprime, credit crisis and mortgage-related litigations and regulatory matters;
    • its auction rate securities litigations and regulatory matters;
    • its Lehman-related litigations;
    • its failed investment litigations and regulatory matters;
    • its Enron-related litigations and regulatory matters;
    • its research analyst litigations; and
    • a nationwide employment discrimination class action;
  • Deloitte & Touche LLP in several matters, including securing the dismissal of a federal securities fraud class action concerning Fannie Mae's disclosures and financial statements;
  • JPMorgan in several matters, including the litigations and regulatory matters arising out of Bear Stearns' March 2008 collapse, various subprime, credit crisis and mortgage-related litigations, and matters relating to the DOJ's and SEC's inquiry into the firm's Asia hiring practices;
  • The National Football League in several matters, including its defense and recent settlement of lawsuits filed by former NFL players seeking to hold the League liable for allegedly concealing the risks associated with concussions sustained while playing professional football and its investigation of workplace issues at the Miami Dolphins;
  • UBS in several matters, including its settlement with the Antitrust Division of the DOJ, the SEC, the Internal Revenue Service and a group of 25 state attorneys general regarding investigations into the firm's former municipal reinvestment and derivatives group as well as various subprime, credit crisis and mortgage-related litigations;
  • Wall Street underwriters in several securities class action litigations, including class actions arising out of the $25 billion GM/GMAC bond offering and the $20+ billion AIG bond offering.

REPRESENTATIVE CLIENTS

Brad currently represents Citigroup, JPMorgan, Bank of America, Wells Fargo, Morgan Stanley, Standard Chartered, HSBC, Bank of New York Mellon, UBS, Apollo Global Management, Bank of Tokyo-Mitsubishi, Deloitte, the National Football League, MacAndrews & Forbes, ING, Bloomberg, Citco, Ericsson, SQM, Newmont Mining, Merck, Zilkha, SICPA, BB&T, Eton Park, OneWest Bank, CIM Group, Zurich Capital, Aurora Bank and KKR, among others, in significant securities, commercial and regulatory matters.

AWARDS AND RECOGNITIONS

Brad has been profiled as one of the leading lawyers in the United States by The Wall Street Journal, The New York Times, The Financial Times, The American Lawyer, Chambers, The Lawyer (U.K.), Crain's, The National Law Journal, The New York Law Journal, Lawdragon, Best Lawyers in America, The Legal 500, Euromoney Institutional Investors, Best of the Best USA, Law360, and Benchmark/Institutional Investor.

His successful representation of financial institutions and other companies in complex litigations and regulatory matters was featured in a January 2014 American Lawyer cover story in which Paul, Weiss was selected as the best securities litigation/regulatory firm in the United States, in a January 2010 American Lawyer story, "Wall Street Bailout," and in a January 2006 American Lawyer cover story, "The Lifesavers," in which Paul, Weiss was selected as the best litigation firm in the United States. In 2003, Brad was profiled in The American Lawyer as one of the 45 leading lawyers in the United States under the age of 45.

For the past several years, Brad has been named one of the Most Influential People in the Boardroom by the National Association of Corporate Directors. In 2011, Lawdragon named Brad its "Lawyer of the Year." For the past several years, Chambers has selected Brad as the only "Star" in its Nationwide Securities Litigation category. In 2014, Best Lawyers named Brad its "Banking and Finance Litigator of the Year," and in 2012, Best Lawyers named Brad its "Securities Litigator of the Year." In 2012, The Financial Times selected Brad as one of the 10 most innovative lawyers in the United States. In 2013, Benchmark Litigation/Euromoney selected Brad its "Litigator of the Year." In 2013, the New York Law Journal awarded Brad its first-ever Impact Award, in recognition of Brad's "significant and lasting impact on the legal community in New York."

Brad has received a number of recognitions for his legal accomplishments and charitable activities, including the Learned Hand Award by AJC, the Human Relations Award by the Anti-Defamation League, the Arthur Liman Award Public Interest Award by the Legal Action Center, the Pro Bono Award by the Pro Bono Partnership, the Torch of Learning Award by American Friends of Hebrew University and the Extraordinary New Yorker Award by the JBFCS.

WRITING/SPEAKING

Brad is a frequent lecturer and writer, having spoken at more than 350 conferences and published more than 400 articles on business litigation and securities law issues. Brad has lectured on business litigation, securities litigation and corporate governance at Harvard Law School, Columbia Law School and NYU Law School. For the past 29 years, Brad has written a monthly column for the New York Law Journal, "Second Circuit Review," which analyzes developments in the Second Circuit Court of Appeals, and is a frequent contributor to The Harvard Law School Forum on Corporate Governance and Financial Regulation.

BOARDS AND OTHER PROFESSIONAL AFFILIATIONS

Brad is active in the community, serving as a director/trustee of the Legal Action Center, the Riverdale Country School, Mount Sinai Hospital, The Partnership for New York City, the Harvard Law School Leadership Council, the Executive Committee of the New York City Bar Association, the American Constitution Society, Practicing Attorneys for Law Students Program, Inc., the Leadership Council on Legal Diversity, American Friends of Hebrew University, the New York Bar Foundation, the Program Advisory Board of the Brennan Center for Justice, the Best Lawyers Advisory Board, the Economic Club of New York, the Federal Bar Council Second Circuit Inn of Court, the Union College President's Council, and the United States Supreme Court Historical Society. Brad also is a founding member of the PriceWaterhouse Leaders Council examining financial services industry regulatory reform, and a member of The New York City Bar Association Task Force on New Lawyers in a Changing Profession.

Practices
Litigation
Financial Institutions
International Arbitration
Securities Litigation
White Collar Crime & Regulatory Defense

Education

J.D., Harvard Law School, 1984

cum laude

B.A., Union College, 1981

summa cum laude, Phi Beta Kappa
Clerkship

Hon. Irving R. Kaufman, U.S. Court of Appeals, 2nd Circuit

Bar Admissions

New York

Related Resources

Mar 24, 2014Publications

Second Circuit Review: Fair Use Found in Distribution of Investor Conference Call Recording

Mar 06, 2014Events

Paul, Weiss Celebrates Three Decades in Hong Kong

Feb 26, 2014Publications

Second Circuit Review: ‘Brady’-Based Section 1983 Claims After Guilty Plea

Feb 19, 2014News

Second Circuit Affirms Confirmation of Arbitral Award for Citigroup

Feb 18, 2014News

Second Circuit Affirms Summary Judgment in Case Brought by Seven Norwegian Municipalities

Feb 18, 2014Publications

Second Circuit Review: Overt Acts, Conspiracy and the Statute of Limitations

Nov 29, 2013Publications

Second Circuit Review: Jurisdiction Over Foreign Financial Institutions Based on Bank Accounts

Oct 30, 2013News

$805 Million "Holder" Action Against Citigroup Dismissed

Oct 22, 2013Publications

Second Circuit Review: Section 10(b) Liability Does Not Apply to Extraterritorial Criminal Conduct

Sep 26, 2013Publications

Second Circuit Review: The Second Circuit in the Supreme Court

Sep 25, 2013Publications

Second Circuit Clarifies the Standard for Aiding and Abetting Liability under the Commodities Exchange Act

Aug 29, 2013Publications

Second Circuit Review: Court Holds Securities Act Statute of Repose Not Tolled

Jul 29, 2013Publications

Second Circuit Review: Clarifying Choice of Law Analysis for State-Law Defenses

Jul 08, 2013Publications

U.S. District Court Applies Supervisory Authority Over Criminal Proceedings to Review of Deferred Prosecution Agreement

Jun 28, 2013Publications

Second Circuit Holds that American Pipe Tolling Does Not Apply to the Securities Act’s Statute of Repose

Jun 28, 2013Publications

Second Circuit Review: Circuit Certifies Questions on Medical Monitoring to State Court of Appeals

May 22, 2013News

All Claims Against The Bank of New York Mellon Dismissed

Apr 25, 2013Events

The Investigation: Coordinating Requests from Government Regulators

Apr 25, 2013News

Bank of America Wins Motions to Dismiss Derivative Actions

Apr 24, 2013Publications

Second Circuit Review: Court Holds Environmental Group Has Standing to Challenge FDA’s Inaction

Mar 29, 2013Publications

Second Circuit Review: Second Circuit Vacates Attorney Sanction That Impacts Clients

Mar 29, 2013News

Citigroup Board Wins Dismissal of Derivative Lawsuit

Mar 29, 2013News

Citigroup Wins Motion for Summary Judgment in Case Brought by Seven Norwegian Municipalities

Mar 27, 2013News

Citigroup Wins Dismissal of CDO Lawsuit

Mar 04, 2013Publications

Second Circuit Review: Court Construes Short-Swing Profit Rule

Mar 04, 2013News

Citigroup Confirms Arbitration Award, Defeats Petition to Vacate

Feb 28, 2013Publications

U.S. Supreme Court Clarifies Scope of Five-Year Statute of Limitations in SEC Enforcement Proceedings

Feb 28, 2013Publications

U.S. Supreme Court Holds Materiality Is Not a Prerequisite to Class Certification in Fraud-on-the-Market Cases

Feb 01, 2013News

Citigroup Wins Summary Judgment
Paul, Weiss, Rifkind, Wharton & Garrison LLP