ProfessionalsDaniel J. Kramer
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 routinely handles complex litigations for some of the world's largest companies, represents boards of directors on corporate governance issues and leads special committees in internal investigations.
Dan is co-chair of Paul Weiss' Securities Litigation and Enforcement Group. The Group has been named Securities Litigation Department of the Year by The American Lawyer, Benchmark Litigation, Law360 and U.S. News and World Report. The American Lawyer called the practice "big, powerful and swaggering," noting that "no other firm matched the number and magnitude of headline making securities litigation." Similarly, Chambers 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 gives the Group its highest rating, noting that "its excellent, wise counselors combine deep legal knowledge with a practical and business-like view."
Recent matters include representation of:
- 21st Century Fox in the internal investigation of Roger Ailes.
- Steven A. Cohen and SAC Capital (now Point72 Asset Management), in criminal and regulatory proceedings and litigations arising out of claims of insider trading.
- Bank of America, in litigations by shareholders, the SEC and New York Attorney General 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 litigation and regulatory investigations relating to Vioxx and Vytorin.
- UBS, in the Detroit bankruptcy.
- ADT, in obtaining dismissal of class action and derivative lawsuits challenging its decision to increase its debt and buy back the stock of its largest shareholder.
- Credit Suisse, in litigation concerning the Hard Rock Hotel in Las Vegas.
- Elliott Associates, in corporate control contests for Compuware, 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.
- 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. Best Lawyers in America named Dan "2017 Lawyer of the Year" for Securities Litigation and "2016 Lawyer of the Year" for his work in the area of Securities Enforcement Litigation. 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).
Dan serves as Chairman of the Board of Trustees of the Kenyon Review, a Director of NYU Law School's Center on Civil Justice, the Hudson Valley Shakespeare Festival, Scenic Hudson, Hudson Highlands Land Trust, and Friends of Flutes Foundation, and a Fellow of the American Bar Foundation. He received the ADL's Human Relations Award in 2016.