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Lawdragon's 100 Lawyers You Need to Know in Securities Litigation
 
Daniel Kramer Back to the List
Daniel J. Kramer
Biography
Title: Co-Chair Securities and Enforcement Group
Firm: Paul Weiss
Law School: NYU
Graduation: 1984
List: Lawdragon's 100 Lawyers you need to know in Securities Litigation
 
Notable case(s), past or present (include date if possible):

American International Group (S.D.N.Y., Del. Ch. 2004-07): lead counsel to AIG in securities class actions and derivative litigation involving claims arising out of finite insurance, bid rigging, stock manipulation and accounting restatement issues.

Biovail v. SAC (D.N.J., N.J. Sup. Ct. 2006-07): lead counsel to hedge fund in RICO action and securities class action arising out of SAC's short sales of Biovail.

Fannie Mae (2004-06): counsel to Special Review Committee of Federal National Mortgage Association’s Board of Directors in connection with internal investigation into accounting and corporate governance issues.

Mutual Funds Investment Litigation (D.Md. 2003-07): lead counsel to Bank One Corporation, and its affiliates, now a subsidiary of JP Morgan Chase, in connection with investigations and litigation involving claims of market timing transactions in mutual funds.

Merck/Medco (D.N.J., N.J. Sup. Ct. 2002-07): obtained dismissal of class action and derivative litigation alleging that pharmaceutical company improperly recognized $14 billion in revenue from pharmaceutical benefit manager subsidiary. In re Merck Securities Litigation, 432 F.3d 261 (3d Cir. 2005); Fagin v. Gilmartin, No. Som-C-14019-03, 2007 WL 2176482 (N.J. Super. Ct. Ch. Div. July 19, 2007).

Hollinger International, Inc. v. Black (Del., N.D.III., S.D.N.Y. 2003-05): obtained judgment, after expedited trial, finding that Lord Black of Crossharbour, the controlling minority shareholder of Hollinger International (the owner of London's Daily Telegraph, the Chicago Sun-Times and the Jerusalem Post) breached his fiduciary and contractual duties by seeking to sell his interest in Hollinger Inc. (the parent of Hollinger International) and by putting in place by-laws that disabled Hollinger International's Directors from exercising their fiduciary duties, 844 A.2d 1022 (Del. Ch. 2004); and obtained judgment denying Hollinger Inc.’s motion to enjoin Hollinger International’s sale of the Telegraph, on the grounds that it did not constitute the sale of substantially all of the company’s assets under Section 271 of the Del. Gen. Corp. Law. 2004 Del. Ch. LEXIS 100 (Del. Ch. July 29, 2004).

Adecco, S.A. (2003-04): conducted internal investigation as counsel to audit committee for world’s largest staffing company in connection with inquiry regarding possible restatement of financial statements.

 
Selected clients:
AIG, Merck, SAC Capital, Credit Suisse, Ericsson, Swiss Re, Sun Times Media Group (fka Hollinger International, Sealed Air Corp.
 
More Info
Best moment of career:
Winning Walther v. Maricopa, the first securities case tried to jury after passage of the PSLRA.
 
Attorney you most admire:
Ted Wells
 
Favorite Sports Team (if you have one), or Favorite Theater or Museum, etc:
Cincinnati Reds
 


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