Paul Weiss

1285 Avenue of the Americas
New York, NY 10019-6064
212-373-3316 (direct)
212-492-0316 (direct fax)
212-373-3000 (firm)
212-757-3990 (firm fax)

www.paulweiss.com
Contact

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 various 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;
  • Bloomberg in various matters;
  • Citigroup  in multiple matters, including:
    • its Second Circuit victory allowing corporations to enter into federal regulatory consent judgments without admitting wrongdoing;
    • 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 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 hundreds of lawsuits filed by thousands of former NFL players seeking to hold the League liable for allegedly concealing the risks associated with concussions sustained while playing professional football, as well as 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; and
  • 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 CitigroupJPMorganBank of AmericaWells FargoMorgan StanleyStandard CharteredHSBCBank of New York MellonUBSApollo Global ManagementBank of Tokyo-MitsubishiDeloitteThe National Football LeagueFIFAMacAndrews & ForbesINGBloombergCitcoEricssonNewmont MiningMerckZilkhaSICPABB&TEton ParkOneWest BankCIM GroupZurich CapitalAurora 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 JournalThe New York TimesThe Financial TimesThe American LawyerChambersThe Lawyer (U.K.), Crain'sThe National Law JournalThe New York Law JournalLawdragonBest Lawyers in AmericaThe Legal 500Euromoney Institutional InvestorsBest of the Best USALaw360, and Benchmark/Institutional Investor.

Brad's 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 2014 Crain's named Brad one of the Most Influential New Yorkers. 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. Best Lawyers named Brad its 2014 "Banking and Finance Litigator of the Year," and its 2012 "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 his "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 Servant of Justice Award by The Legal Aid Society, the Learned Hand Award by AJC, the Human Relations Award by the Anti-Defamation League, the Arthur Liman 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, the Corporate Protector Award by Citizens' Committee for Children and the Extraordinary New Yorker Award by the JBFCS.

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

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

See Library Tab for articles, publications and presentations by Brad Karp

Writing/Speaking

Brad is a frequent lecturer and writer, having spoken at more than 400 conferences and published more than 500 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 30 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.

Related Resources

Feb 23, 2016 | Publications

New Federal Guidance on the Cybersecurity Information Sharing Act of 2015: What General Counsel Need to Know

Feb 16, 2016 | Publications

Second Circuit Review: Distinguishing Between Standing and Merits in Lanham Act Claims

Jan 29, 2016 | News

Xerox to Split Into Two Public Companies 

Feb 02, 2016 | Publications

FinCEN Imposes Anti-Money Laundering Reporting Requirements On “All Cash” Luxury Real Estate Purchases in Manhattan and Miami

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

Jan 20, 2016 | Publications

Understanding the Changes to the Iran Sanctions Regime: OFAC Issues Guidance, General Licenses on JCPOA Implementation Day

Jan 04, 2016 | Publications

Second Circuit Review: Second Circuit Clarifies Procedure for Supplementing Rule 30(b)(6) Testimony

Dec 09, 2015 | Publications

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

Dec 01, 2015 | Publications

Second Circuit Review: The Google Books Decision and the Boundaries of Fair Use

Nov 02, 2015 | Publications

Second Circuit Review: Baseball Festival Exempt from FLSA Minimum Wage Requirements

Oct 02, 2015 | News

Second Circuit Affirms Dismissal of Derivative Action Against Citigroup’s Board

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 30, 2015 | Publications

Cybersecurity Update: Heightened Concerns, Legal and Regulatory Framework, Enforcement Priorities, and Key Steps to Limit Legal and Business Risks

Sep 23, 2015 | Publications

Second Circuit Review: The Second Circuit in the Supreme Court 

Sep 17, 2015 | Publications

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

Sep 15, 2015 | Events

Brad Karp and Lorin Reisner to Participate in PLI Securities Regulation Conference

Sep 11, 2015 | Publications

New DoJ Memo by DAG Yates Intended to Increase Prosecutions of White Collar Executives and Other Employees

Aug 26, 2015 | Publications

Second Circuit Review: Harmonizing Iqbal Pleading Standards With McDonnell Douglas Framework 

Jul 22, 2015 | Publications

Second Circuit Review: Primary Beneficiary Test May Impede Intern Class Actions

Jul 17, 2015 | Publications

Treasury Department’s Analysis of Existing AML and Anti-Terrorist Financing Regimes Recognizes Banks’ Efforts to Reduce the Flow of Illicit Funds Through the U.S. Financial System 

Jun 24, 2015 | Publications

Second Circuit Review: Government Collection of Telephone Metadata Exceeds Statute’s Authority

Jun 15, 2015 | Publications

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

May 27, 2015 | Publications

Second Circuit Review: Defense Attorneys May Bring Third-Party Claim to Forfeited Property

Apr 28, 2015 | Publications

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

Apr 27, 2015 | Publications

Second Circuit Review: New York's Wage Parity Law Upheld as Constitutional

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

Apr 22, 2015 | Events

Brad Karp to Participate in PLI’s Securities Litigation Seminar

Mar 30, 2015 | Publications

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

Mar 26, 2015 | Publications

Second Circuit Review: Clarifying Bounds of Protected Speech for Public Employees

Mar 25, 2015 | Publications

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

Feb 25, 2015 | Publications

Second Circuit Review: Ruling Broadening Duty of Disclosure in Securities Filing Creates Circuit Split

Feb 24, 2015 | Publications

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

Feb 27, 2015 | Events

Brad Karp to Participate at NYU’s Annual Survey of American Law Symposium

Jan 30, 2015 | Publications

Second Circuit Review: Limiting Scope of “Class Standing” Doctrine in RMBS Cases

Jan 14, 2015 | Publications

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

Jan 05, 2015 | Publications

Second Circuit Review: Limiting the Scope of Warrantless Searches

Dec 31, 2014 | News

Paul, Weiss Art Collection Featured in The American Lawyer

Jan 05, 2015 | Publications

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

Dec 16, 2014 | Publications

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

Dec 11, 2014 | Publications

Second Circuit Rules for Defendants in Landmark Insider Trading Case

Dec 02, 2014 | Publications

Second Circuit Review: Court Rejects Attempts by Police Unions to Intervene in Stop-and-Frisk Case

Nov 20, 2014 | News

Brad Karp Named to 2016 Democratic National Convention Host Committee

Nov 05, 2014 | News

BofA Prevails in Appeal of Class Action Settlement

Nov 07, 2014 | Events

Brad Karp Moderates Panel at PLI’s Annual Institute on Securities Regulation

Oct 31, 2014 | Publications

New York’s Highest Court Affirms the Continued Vitality — for Now — of the “Separate Entity” Rule for Banks

Of Note

Nov 17, 2015

Paul, Weiss Named to National Law Journal’s Appellate Hot List

Nov 24, 2014

Brad Karp Selected as a Law360 Securities Law MVP

Nov 20, 2014

Four Paul, Weiss Partners Win Law360 MVP Awards

Oct 30, 2013

New York Law Journal Names
Brad Karp an Impact Awards Winner

Jun 07, 2013

Chambers USA 2013 Ranks Paul, Weiss Highly

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