The New York office of Kramer Levin Naftalis & Frankel LLP is the hub of its securities litigation practice, which is overseen by chairman Gary Naftalis and head of litigation Barry Berke. The firm is well known for advising accounting firms, broker-dealers and mutual funds on regulatory enforcement proceedings and securities cases. A standout securities litigator is Michael Dell, who recently acted for UK accountancy firm Deloitte in a case alleging fraud and negligence in its consulting and audit work for Russia’s Trade Bank, in which plaintiffs had invested. Following a move for summary judgment the case was settled favourably for the defendants. Experienced trial lawyer Kerri Ann Law is also noteworthy, particularly for her role in representing VimpelCom in a securities fraud class action.
Key clients
- Ernst & Young
- Centripetal Networks, LLC
Work highlights
- Representing UAE-based EYME in its defense of allegations by Plaintiffs Dr. Bavaguthu Raghuram Shetty (“Shetty”) and the UAE-based health services company he founded, Neopharma LLC (“Neopharma”), that certain Neopharma executives engaged in a fraudulent roundtripping scheme and other misconduct, and two foreign banks, Ernst & Young UK, and EYME conspired with them.
- Representing Centripetal Networks, LLC in defence of claims bought by an investor that it refused to provide financial information.