Expanded Bio
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Daniel J. Kramer

Partner

Tel: 212-373-3020
Fax: 212-492-0020  
dkramer@paulweiss.com

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

Experience

Co-chair of the Securities Litigation and Enforcement Group, Daniel J. Kramer is a leading trial lawyer and litigator. Called "one of the stars of his generation" by Chambers, and a "quiet giant" by Lawdragon, Dan has handled complex litigations for some of the world's largest companies and has significant experience representing boards of directors in corporate governance issues and special committees in internal investigations.

In 2014, Paul Weiss' Securities Litigation and Enforcement Group was named Litigation Department of the Year by The American Lawyer, which called the practice "big, powerful and swaggering," noting that "no other firm matched the number and magnitude of headline making securities litigation."  Similarly, Chambers routinely ranks the Securities Litigation Department in Band 1, stating that the Group has "a truly enviable securities litigation practice," a "dazzlingly deep bench" and "some of the most cutting-edge securities cases."  And Legal 500 consistently gives the Group its highest rating, noting that "its excellent, wise counselors combine deep legal knowledge with a practical and business-like view."

Dan's recent matters include representation of:

  • SAC Capital, in litigation arising out of claims of insider trading.
  • Bank of America, in litigation arising out of its $50 billion merger with Merrill Lynch.
  • AIG, in litigation with its former Chairman and CEO, Hank Greenberg, and in class action, ERISA and derivative lawsuits concerning allegations of accounting fraud and bid rigging.
  • Merck, in regulatory investigations relating to Vioxx.
  • UBS, in the Detroit bankruptcy.
  • Credit Suisse, in litigation concerning the Hard Rock Hotel in Las Vegas.
  • Citigroup, in obtaining dismissal of class action and derivative claims concerning the IPO of Ikanos Corporation.
  • Schering Plough and Merck, in securities class action, ERISA and derivative litigation relating to their cholesterol-lowering drug Vytorin.
  • Elliott Associates, in corporate control contests for Novell Inc. and BMC Software.
  • Kohlberg Capital, in obtaining dismissal of class action and derivative claims arising out of the restatement of its portfolio of illiquid securities.
  • Swiss Re, in obtaining dismissal of class action litigation concerning its write down of credit default swaps.
  • Ericsson, in obtaining dismissal of class action litigation involving its telecom business.
  • Fannie Mae's Board of Directors' Special Review Committee, in an internal investigation into accounting and governance issues.
  • JP Morgan Chase's Bank One mutual funds, in litigation arising out of allegations of market timing and late trading in the mutual fund industry.
  • SAC Capital, in obtaining dismissal of lawsuits alleging that it improperly shorted the stock of Biovail Corporation.
  • Hollinger International (now Sun Times Media Group), in the successful prosecution of its former CEO, Conrad Black, for improper self-dealing transactions.

Dan has been selected as a Band 1 securities lawyer by Chambers, as one of America's leading lawyers handling "Bet the Company" litigation by Best Lawyers in America, as one of New York's "Top 10 Lawyers" by Super Lawyers, as one of the "500 Leading Lawyers in America" by Lawdragon and as "one of the most influential people in corporate governance and the boardroom" by Directorship Magazine. Dan also lectures and writes extensively on securities litigation, corporate governance and regulatory issues. He is the co-editor of Corporate Internal Investigations: An International Guide (Oxford University Press), and co-author of Federal Securities Litigation: A Deskbook for the Practitioner (Data Press) and of Regulation of Market Manipulation (Matthew Bender).

Practices
Corporate
Corporate Governance
Litigation
Financial Institutions
Internal Investigations
M&A Litigation
Securities Litigation
White Collar Crime & Regulatory Defense

Education

J.D., New York University School of Law, 1984


B.A., Wesleyan University, 1980

magna cum laude
Clerkship

Hon. Wilfred Feinberg, Chief Judge, U.S. Court of Appeals, Second Circuit

Related Resources

May 19, 2015Publications

Delaware Supreme Court Clarifies That Plaintiffs Must Plead a Non-Exculpated Claim of Breach of Fiduciary Duty to Survive Motion to Dismiss, Even Where Entire Fairness Applies

Apr 28, 2015News

Court Dismisses Civil RICO Claims Against SAC Capital

Apr 28, 2015News

Delaware Court of Chancery Dismisses Derivative Lawsuit Against ADT’s Directors

Apr 28, 2015Publications

Second Circuit Issues Decision Establishing Comprehensive Framework for Adjudicating Preclusion Issues Under SLUSA

Apr 20, 2015Publications

Second Circuit Affirms Dismissal of Securities Fraud Suit on Materiality Grounds, Embracing SEC Staff Accounting Bulletin No. 99’s Quantitative and Qualitative Factors as Criteria for Materiality at the Motion to Dismiss Stage

Mar 30, 2015Publications

Second Circuit Rejects Investor Suit Against Auditors, Adhering To High Standard for Alleging Scienter

Mar 25, 2015Publications

United States Supreme Court Limits Investor Suits for Misleading Statements of Opinion

Mar 17, 2015News

New York Appeals Court Affirms Dismissal of Complaint Against FalconStor

Feb 24, 2015Publications

California District Court Clarifies the Appropriate Terms of Securities Class Action Bar Orders and Holds That Nonsettling Class Action Defendants Are Entitled to Judgment Reduction Measured by Settling Defendants’ Liability on Securities Act Claims

Jan 14, 2015Publications

Second Circuit Holds That Omissions Regarding “Known Trends” May Support a Section 10(b) Claim, but Imposes Limitations on Such Claims

Jan 05, 2015Publications

Ninth Circuit Adopts the Heightened Pleading Standard of Rule 9(b) for the Element of Loss Causation in Securities Fraud Actions

Dec 16, 2014Publications

Third Circuit Holds That Parties to Arbitration Agreements Can Compel Arbitration of Dodd-Frank Whistleblower Claims

Dec 11, 2014Publications

Second Circuit Rules for Defendants in Landmark Insider Trading Case

Nov 05, 2014News

BofA Prevails in Appeal of Class Action Settlement

Oct 30, 2014News

iStar Wins Dismissal of Class Action Derivative Suit

Sep 04, 2014Publications

Recent Second Circuit Decision in Parkcentral v. Porsche Extends Morrison Test by Limiting Applicability of Section 10(b) Based on “Foreignness” of Claims

Jul 24, 2014News

Paul, Weiss Helps to Achieve a Significant Settlement for Disabled Prisoners

Jul 07, 2014Publications

D.C. Circuit Vacates District Court Order Requiring Production of Documents from Internal Investigation

Jun 24, 2014Publications

Supreme Court Declines to Overrule or Modify Basic, But Allows Rebuttal of "Price Impact" in Opposing Class Certification

Jun 12, 2014Publications

Supreme Court Holding on Statutes of Repose Supportive of Respondents’ Arguments in Upcoming IndyMac Case

Jun 04, 2014Publications

Second Circuit Reverses District Court’s Rejection of Regulatory Consent Judgment in SEC v. CGMI
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