Gary P. Naftalis
Gary P. Naftalis (born 1941) is a leading American trial lawyer, and serves as head of the litigation department and co-chair of Kramer Levin Naftalis & Frankel LLP, the New York City law firm. Naftalis graduated Phi Beta Kappa from Rutgers University (A.B. 1963), earned a masters in history at Brown University (M.A. 1965), and graduated from Columbia Law School (1967), where he was an editor on the Columbia Law Review.
After clerking for the Honorable William B. Herlands on the U.S. District Court for the Southern District of New York, he joined the U.S. Attorney's Office for the Southern District of New York. Naftalis spent six years at the Office, ultimately holding the post of Deputy Chief of the Criminal Division. After a stint as Special Assistant to the U.S. Attorney for the Virgin Islands, Naftalis entered private practice, first as a partner at Orans, Elsen, Polstein & Naftalis, and then as a partner at Kramer Levin Naftalis & Frankel LLP. Naftalis has also been a Lecturer in Law at Columbia Law School and Harvard Law School.
The Wall Street Journal recently declared him "the Zelig of the white-collar bar: He's everywhere." In 2006, Naftalis was named one of the 100 most influential lawyers in America, and also was awarded the Benemerenti medal by Pope Benedict XVI. In 2007, Naftalis was named one of the ten leading trial lawyers in United States.
Naftalis has been involved in multiple high-profile litigations over the past three decades. Recently, he successfully defended Michael Eisner, the CEO of The Walt Disney Company, in the a 37 day shareholders derivative trial relating to the hiring and termination of Michael Ovitz. He has successfully represented numerous securities industry clients, including Salomon Brothers in the federal criminal and SEC investigations of U.S. Treasury auction bidding practices, and Kidder Peabody in connection with the Wall Street insider trading scandal and ensuing multiple civil litigations. He also successfully represented Canary Capital Partners in the ongoing mutual fund investigations and related civil litigations, and Gary Winnick, the Chairman and Founder of Global Crossing.
Naftalis is counsel to Kenneth Langone in the litigation brought by the New York State Attorney General relating to the compensation of New York Stock Exchange Chairman Richard Grasso. He also represents Cosmo Corigliano, the former Chief Financial Officer of the former Cendant, Bristol-Myers Squibb and Oxford Health Systems; the General Counsel of Rite Aid; the investment banking firm CIBC in the Enron investigation; a director and senior officer of Tyco in the securities class action and ERISA litigation; the former CEO of Refco, Phillip R. Bennett; and the former CEO of Arthur Andersen in the Enron civil litigation.
Naftalis was counsel for Ian Schrager in the Studio 54 tax evasion case; E. Robert Wallach, a San Francisco attorney and counsel to former attorney general Edwin Meese, in a lengthy federal criminal trial arising out of the Wedtech government contracting scandal; and a prominent Saudi Arabian banker in proceedings before the Federal Reserve Board relating to the disposition of his interest in the Bank of Credit and Commerce International, as well as complex civil litigation brought by the liquidators of BCCI, seeking $10 billion in damages.
Mr. Naftalis is the author or co-author of numerous books and articles, including the leading work on the grand jury system: The Grand Jury: An Institution on Trial (with Hon. Marvin E. Frankel) and Sentencing: Helping Judges Do Their Jobs (also with Hon. Marvin E. Frankel).
- ^ National Law Journal 100 Most Influential Lawyers in America
- ^ Legal 500, Ten Leading Trial Lawyers in America