A partner in the Litigation Department and co-chair of the Securities Litigation and Enforcement Group, Charles E. Davidow focuses his practice on securities enforcement proceedings, corporate internal investigations and private securities litigation and arbitration. Chuck has extensive experience representing board committees, institutions and individuals in connection with investigations, litigation and SEC enforcement proceedings under the federal securities laws. He also represents issuers of securities and their officers and directors, as well as financial services firms and accounting firms, in class action and shareholder derivative litigation.
Chuck is currently representing parties in numerous lawsuits and
regulatory investigations arising out of the recent credit market
crisis. These include matters involving accuracy of disclosures and
financial reporting, practices relating to auction rate securities,
hedge fund losses, the merger of Merrill Lynch and losses suffered
by Fannie Mae and Freddie Mac. He has also represented parties in
investigations into possible foreign corrupt practices and stock
Chuck has represented special board committees conducting
investigations of financial misconduct at Enron and WorldCom, along
with numerous other companies. He has conducted internal
investigations of subjects including stock options backdating, use
of special purpose entities, revenue recognition, timing of
expenses and quality of corporate governance.
Chuck has represented companies and individuals in SEC and other
regulatory investigations into most of the major Wall Street
controversies of the last 30 years, including the insider trading
scandal involving Ivan Boesky and others, the Salomon Brothers
Treasury Auction scandal, the failure of Long-Term Capital
Management, the collapses of Enron, WorldCom, and cases involving
allegations of mutual fund market timing, stock options backdating
and numerous less publicized inquiries.
He has represented financial institutions, accounting firms,
corporations, and corporate officers and directors in defending
class actions and shareholder derivative actions. In recent years,
courts have granted motions to dismiss or for summary judgment in
the following cases in which he represented moving defendants:
- Cucinotta v. Deloitte & Touche, L.L.P.,
302 P. 3d 1099 (Nev. 2013)
- In re Citigroup Auction Rate Securities Litigation,
No. 08 Civ. 3095 (LTS), 2011 WL 744745 (S.D.N.Y. Mar. 1, 2011),
aff'd, 471 Fed. Appx. 30 (2012)
- In re Fannie Mae 2008 Securities Litigation, 742 F.
Supp. 2d 382 (S.D.N.Y. 2010);
- ECA Acquisitions, Inc. v. MAT Three LLC, 09
Civ. 590 (S.D.N.Y. Apr. 13, 2010);
- Mayor and City of Baltimore, Maryland et al., v.
Citigroup, Inc., et al., No. 08 Civ. 7746 (BSJ),
2010 WL 430771 (S.D.N.Y. Jan. 26, 2010), aff'd, 709 F. 3d
129 (2d Cir. 2013)
- Louisiana Municipal Police Employees Retirement System
v. Pandit, No. 08 Civ. 7389 (LTS), 2009 WL 2902587
(S.D.N.Y. Sept. 10, 2009);
- City of Cleveland v. Ameriquest Securities,
Inc., 621 F. Supp. 2d 513 (N.D. Ohio 2009), aff'd,
615 F.3d 496 (6th Cir. 2010);
- Steinberg v. Ericsson, No. 07-Civ-9615 (RPP),
2008 WL 5170640 (S.D.N.Y. Dec. 10, 2008), aff'd, 363 Fed.
Appx. 763 (2d Cir. 2009);
Chuck speaks regularly on topics relating to corporate
governance, on regulatory and litigation aspects of the credit
market crisis, and on lessons to be drawn from the corporate
scandals of recent years. He was named by Washingtonian
Magazine as one of its top securities enforcement lawyers in
DC (2009-2012) and he has been recognized by Chambers USA
as one of the country's leading lawyers in Securities
Regulation/Enforcement (2008-2013), by Benchmark
Litigation as a National securities and DC litigation "Star"
(2009-2013) and a Tier 1 individual nationally for Securities
Litigation, by his peers for The Best Lawyers in America
in securities litigation and securities regulation (2011-2013), by
Legal 500 in Financial Services: Litigation and
Securities: Shareholder Litigation (2012, 2013), and by Super
Lawyers as a DC securities litigator (2010-2013).
Chuck served as editor and treasurer of the Harvard Law