Expanded Bio
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Charles E. Davidow

Partner

Tel: 202-223-7380
Fax: 202-204-7380
cdavidow@paulweiss.com

Washington
2001 K Street, NW
Washington, DC 20006-1047

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.

Experience

Chuck is currently representing parties in numerous lawsuits and regulatory investigations under the federal and state securities laws. These include matters involving accuracy of disclosures and financial reporting, allegations of insider trading, and sales practices with respect to financial products.

Chuck has represented board committees conducting investigations of financial misconduct at Enron and WorldCom, along with numerous other companies. He has conducted internal investigations of subjects including allegations of insider trading, foreign corrupt practices, 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 and WorldCom, the credit market disruptions, 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, as well as parties to proxy contests. In recent years, he has represented parties in litigation including:

  • Taseko Mines Ltd. v. Raging River Capital, Civ. No. 16-390, 2016 WL 2595092 (D.D.C. May 5, 2016) (grant of preliminary injunction requiring disclosures by dissident investor group);
  • Rentokil - Initial Pension Scheme v. Citigroup, Inc., No. 12 Civ. 6653 (SHS), 2014 WL 470894 (S.D.N.Y. Feb 6, 2014) (dismissal of multibillion dollar class action on grounds of forum non conveniens), aff'd, 614 Fed. App'x 27 (2d Cir. 2016);
  • Cucinotta v. Deloitte & Touche, L.L.P., 302 P. 3d 1099 (Nev. 2013) (establishing absolute privilege against defamation claims based on disclosures required by federal securities laws);
  • In re Citigroup Auction Rate Securities Litigation, No. 08 Civ. 3095 (LTS), 2011 WL 744745 (S.D.N.Y. Mar. 1, 2011) (dismissal of multibillion dollar class action for failure to state a claim), aff'd, 471 Fed. Appx. 30 (2012);
  • In re Fannie Mae 2008 Securities Litigation, 742 F. Supp. 2d 382 (S.D.N.Y. 2010) (dismissal of class action claims against auditor arising out of losses incurred by Fannie Mae); and
  • 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) (dismissal of antitrust claims arising out of credit crisis), aff'd, 709 F. 3d 129 (2d Cir. 2013).

Chuck has represented a trade organization of the United States securities industry in filing amicus curiae briefs in cases in the Supreme Court and the courts of appeals affecting securities class action litigation, including Halliburton Co. v. Erica P. John Fund, Inc., 134 S. Ct. 2398 (2014); IBEW Local 98 Pension Fund v. Best Buy Co., 818 F.3d 775 (8th Cir. 2016); Waggoner v. Barclays Bank PLC, No. 16-1912 (2d Cir. 2016); and Pension Funds v. Goldman Sachs Group, Inc., No. 16-250 (2d Cir. 2016).

Chuck has also represented the National Women's Law Center and other organizations on a pro bono basis in filing amicus curiae briefs supporting the contraceptive care mandate of the Patient Protection and Affordable Care Act and implementing regulations in Zubik v. Burwell, No. 14-1418 (S. Ct. 2016), and Burwell v. Hobby Lobby Stores, Inc., No. 13-354 (S. Ct. 2014), as well as in numerous court of appeals cases leading up to those Supreme Court cases.

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 (2009-2014) and he has been recognized by Chambers USA as one of the country's leading lawyers in Securities Regulation/Enforcement (2008-2015), by Benchmark Litigation as a National securities and DC litigation "Star" (2009-2016) and a Tier 1 individual nationally for Securities Litigation, by his peers for The Best Lawyers in America in securities litigation and securities regulation (2011-2015), by The Legal 500 in Financial Services: Litigation and Securities: Shareholder Litigation (2012-2014), and by Super Lawyers as a DC securities litigator (2010-2014).

Chuck served as editor and treasurer of the Harvard Law Review.

Practices
Litigation
Anti-Corruption & FCPA
Internal Investigations
Professional Liability
Securities Litigation
White Collar & Regulatory Defense

Education

J.D., Harvard Law School, 1979

magna cum laude

B.A., Amherst College, 1976

magna cum laude
Clerkship

Hon. Walter R. Mansfield, U.S. Court of Appeals, 2nd Circuit

Bar Admissions

New York
District of Columbia

Related Resources

Dec 07, 2016 | Publications

Supreme Court Reaffirms Dirks, Confirms that a Gift of Information to a Trading Relative or Friend Satisfies Personal Benefit Requirement for Insider Trading

Nov 15, 2016 | News

Lundin Mining Agrees to Sell Interest in Tenke Copper Project for $1.136 Billion

Nov 08, 2016 | Publications

Second Circuit Holds That Parties to Standard Lock-Up Agreements in IPOs Do Not Form a “Group” for Section 13(d) and Section 16(b) Purposes

Oct 04, 2016 | Publications

What to Look for in Tomorrow’s Supreme Court Argument in Key Insider Trading Case

Sep 30, 2016 | Publications

In 'Vivendi' Appeal, Second Circuit Rejects Challenge to “Price Maintenance” Theory of Price Impact

Sep 23, 2016 | Publications

Second Circuit Holds an Employer’s ERISA-Regulated Benefit Plans Are Not “Affiliates” of the Employer-Sponsor for Class Settlement Purposes; Splits with Seventh Circuit

Jul 22, 2016 | Publications

Second Circuit Expands the IndyMac Rule

Jun 03, 2016 | Publications

Second Circuit Rules That Constitutional Challenge to Appointment of SEC Administrative Law Judges Must Be Adjudicated During Review of SEC’s Final Order, and Not in a Separate District Court Lawsuit

May 31, 2016 | Publications

Second Circuit Strikes Down Imposition of $1.27 Billion FIRREA Penalty, Holds That Government Failed to Prove Countrywide Acted with Fraudulent Intent

May 31, 2016 | Publications

Eleventh Circuit Applies Five-Year Statute of Limitations to Claims for Disgorgement and Declaratory Relief, Creating a Circuit Split

May 25, 2016 | Publications

The Sixth Circuit, in Agreement with the Second Circuit, Holds That American Pipe Tolling Does Not Apply to Statutes of Repose

May 16, 2016 | Publications

Supreme Court Rejects Federal Jurisdiction Over State Law Claims That Do Not Necessarily Raise Exchange Act Issues

May 10, 2016 | Publications

U.S. District Court in New Jersey Rules That the Two-Year Limitations Period for Suits to Recover Short-Swing Profits Under Section 16(b) of the Securities Exchange Act of 1934 Is a Statute of Repose That Is Not Subject to Tolling

May 09, 2016 | Publications

CFPB Proposes a Ban on Arbitration Clauses That Prevent Class Action Litigation

Apr 13, 2016 | Publications

Eighth Circuit Interprets Halliburton II, Holding That Defendants Successfully Rebutted Fraud-on-the-Market Presumption of Reliance by Showing that the Alleged Misstatements Did Not Cause a Stock-Price Increase

Mar 09, 2016 | Publications

Second Circuit Interprets Omnicare Narrowly, Holding That Issuers Need Not Disclose Information Merely Because It Cuts Against Their Opinions or Projection

Feb 23, 2016 | News

Paul, Weiss Files Amicus Brief in Support of Contraception Regulations

Jan 29, 2016 | News

Xerox to Split Into Two Public Companies

Feb 01, 2016 | Publications

U.S. District Court Orders Compliance Monitor's Report Unsealed Pursuant to First Amendment Right of Public Access to Judicial Documents

Dec 09, 2015 | Publications

United States v. Litvak: Second Circuit Overturns Conviction, Holds Defense Is Entitled to Put Forward Expert Evidence on Materiality

Oct 05, 2015 | Publications

Supreme Court Declines To Consider Second Circuit’s Landmark Insider Trading Ruling

Oct 01, 2015 | Publications

Southern District of New York Ruling Highlights That Materiality Is a Meaningful Pleading Obstacle in ’33 Act Cases

Sep 17, 2015 | Publications

Southern District of New York Issues Ruling in AIG Securities Litigation That Increases the Hurdles for Opt-Out Plaintiffs

Jul 27, 2015 | Publications

Litigation Partners Co-Author Bloomberg BNA Article on Confidential Witness Allegations in Securities Fraud Complaints

Jul 15, 2015 | News

Pro Bono Client Wins Fourth Circuit Appeal in Habeas Proceedings

Jun 15, 2015 | Publications

New York Court of Appeals Holds That Claims for Breaches of Representations and Warranties Accrue When RMBS Contracts Are Executed

Apr 28, 2015 | Publications

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

Apr 20, 2015 | Publications

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, 2015 | Publications

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

Mar 25, 2015 | Publications

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