EDITORIAL REVIEW

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Wells gave Citi some of its only good news of the year with a $364M counterclaim verdict against Parmalat, which had sued the bank for $2B.



He won a reprieve for Frank Quattrone, recompense from Bertelsman for songwriters, and worked his heart out for Scooter Libby.


Big Time. Sen. Robert Toricelli, Michael Espy, Raymond Donovan: Wells got each off the hook.


This co-chair of Paul Weiss' litigation team receives praise for having the rare ability to "successfully defend both individuals and corporations" in criminal cases, while most competing attorneys tend to have a particular skill in representing one or the other. Wells successfully defended Sen. Robert Torricelli against campaign-finance violations and represented Exxon Mobil in a federal environmental prosecution. Like many of the best in his field, Theodore Wells also boasts an impressive track record defending companies in civil litigation and has handled class actions for Merck and Philip Morris.




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A partner and co-chair of the Litigation Department, Theodore V. Wells, Jr. has extensive litigation experience in white-collar criminal defense, complex civil and corporate litigation, SEC regulatory work, FCPA investigations, environmental matters and class action litigation.

In 2010 The National Law Journal named Mr. Wells one of "The Decade's Most Influential Lawyers" and over the years has repeatedly selected him as one of the 100 most influential lawyers in America and as one of America’s top white-collar criminal defense lawyers. Mr. Wells also has been recognized as one of the outstanding jury trial lawyers in the United States by numerous publications including Chambers USA 2006 which noted he “is recognized by many as ‘the greatest trial lawyer of our generation.’”

In 2008, Mr. Wells successfully defended Citigroup in a five-month civil jury trial where the plaintiff alleged that Citigroup aided and abetted in the massive fraud at Parmalat, the Italian dairy and food corporation. The jury totally rejected the $2 billion claim for damages against Citigroup and also awarded Citigroup $364 million on Citigroup’s counterclaim. This was one of the largest civil fraud jury trials of the decade.

Some of Mr. Wells’ significant and publicly reported representations include:

• the successful defense of U.S. Secretary of Agriculture Michael Espy in U.S. v. Espy;
  
  
• the successful defense of U.S. Secretary of Labor Raymond Donovan and other corporate executives in State v. Schiavone;
  
  
• the successful defense of U.S. Senator Robert Torricelli in the Department of Justice’s three-year campaign finance investigation;
  
  
• the successful defense of investment banker Frank Quattrone for obstruction of justice charges;
  
  
• defense of I. Lewis “Scooter” Libby, chief of staff to former Vice President Dick Cheney, on perjury charges in U.S. v. Libby;
  
  
• the successful defense of former New York Governor Eliot Spitzer for possible violations of federal statutes;
  
  
• the successful defense of Margaret Flake and U.S. Congressman Floyd Flake in U.S. v. Flake;
  
  
• the successful defense of Tennessee financier Franklin L. Haney, accused of campaign contribution law violations in connection with the Clinton/Gore 1996 Presidential campaign in U.S. v. Haney; and
  
  
• the successful defense of San Francisco investment banker Calvin Grigsby of fraud charges involving the Port of Miami and Dade County, Florida in U.S. v. Grigsby.

In addition to defending a number of political figures, Mr. Wells has also represented numerous corporate executives and corporations in jury trials, grand jury investigations and before the SEC.

More specifically, he has defended:

• financier Michael Milken in various criminal and civil securities litigations;
  
  
• financier Michael Steinhardt in the Salomon Brothers Treasury Investigation;
  
  
• hedge fund manager James Regan in the first Wall Street RICO prosecution in U.S. v. Regan;
  
  
• Carnival Corporation in U.S. v. Carnival Corporation (environmental prosecution); and
  
  
• Exxon Mobil Corporation in U.S. v. Exxon (environmental prosecution).

Mr. Wells also has extensive experience in representing major corporations in massive class action litigations, including Merck, Johnson & Johnson, Mitsubishi Corporation, Carnival Corporation, Monsanto Corporation and Philip Morris Corporation.

In addition, Mr. Wells has successfully defended major law firms in malpractice actions.

With extensive experience in corporate governance issues, Mr. Wells previously served on the Board of Directors of CIT Corporation, a New York Stock Exchange company, where he was a member of CIT’s audit committee. Mr. Wells is a fellow of the American College of Trial Lawyers. He has served as co-chair of the White-Collar Criminal Section of the National Association of Criminal Defense Lawyers. He has been a faculty member of the Practising Law Institute Trial Advocacy Program, a teaching team member of the Harvard Law School Trial Advocacy Workshop and a lecturer at the Securities Regulation Institute. He has lectured on the use and scope of the RICO statute, the defense of securities and environmental criminal and civil matters, federal grand jury procedures and federal sentencing guidelines.

Active in social, political and community affairs, Mr. Wells served as national treasurer for Senator Bill Bradley’s presidential campaign and currently serves as a trustee of Holy Cross College and the co-chair of the NAACP Legal Defense Fund Board of Directors. He previously served, on a pro bono basis, as general counsel to the New Jersey NAACP, New Jersey co-chairperson of the United Negro College Fund and general counsel to the New Jersey Democratic Party.

Mr. Wells served as an editor of the Harvard Civil Rights-Civil Liberties Law Review.

Related Practices

• Litigation
• Environmental
• Internal Investigations
• Securities Litigation
• White Collar Crime & Regulatory Defense

Education

• J.D., Harvard Law School, 1976
• M.B.A., Harvard Business School, 1976
• B.A.,College of the Holy Cross, 1972

Bar Admissions

• New York
• District of Columbia
• New Jersey

Courts

• U.S. Supreme Court
• U.S. Court of Appeals, 3rd Circuit
• U.S. Court of Appeals, 9th Circuit
• District of Columbia Court of Appeals
• U.S. District Court, District of New Jersey
• U.S. District Court, Southern District of New York

Clerkship

• Hon. John J. Gibbons, U.S. Court of Appeals, 3rd Circuit

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by Ted Wells

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News

• Paul, Weiss Client Citigroup Prevails in Terra Firma Trial, November 5, 2010
  
  
• Ted Wells Named One of The Decade's Most Influential Lawyers by The National Law Journal, March 31, 2010
  
  
• Judge Rakoff Accepts Settlement in SEC v. Bank of America, February 23, 2010
  
  
• NYLPI To Honor Ted Wells at Law and Society Award Luncheon, February 1, 2010
  
  
• Paul, Weiss Obtains Significant Victory for Exxon Mobil Corporation, October 1, 2009
  
  
• Paul, Weiss Wins Dismissal of Long-Standing Action Against SAC Capital, August 21, 2009
  
  
• Ted Wells Selected as a "Winning" Litigator for a Third Time by The National Law Journal, June 23, 2009
  
  
• Paul, Weiss Achieves Top Results in Chambers USA 2009, June 15, 2009
  
  
• Paul, Weiss Wins Dismissal of Securities Action Against SAC Capital in the D.N.J., February 23, 2009

To view a complete list of Ted Wells' news, please click here

Publications

• House passes the Fraud Enforcement and Recovery Act of 2009; Would Establish a Financial Crisis Inquiry Commission , May 7, 2009
  
  
• PLI's 36th Annual Institute on Securities Regulation: Current Developments in the Government's Corporate Prosecution Policy, November 11-13, 2005
  
  
• PLI's 34th Annual Institute on Securities Regulation: Current Developments in the Government's Corporate Prosecution Policy, November 2002