Paul T. Friedman

Partner
San Francisco, (415) 268-7444
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Paul Friedman specializes in defending class action litigation, particularly securities, antitrust, and consumer cases, in courts across the country. He also specializes in conducting internal investigations on behalf of Audit Committees and companies (some of which are global in scope and focus on alleged price-fixing by cartels and Foreign Corrupt Practices Act issues). He co-leads the firm’s FCPA Task Force. He frequently represents clients in SEC investigations.

In 30 years with Morrison & Foerster, he has represented a wide range of companies, including some of the largest global companies, audit and special committees, individual directors and officers, venture capital firms, investment banks, and law firms in investigations, securities class actions, derivative actions and regulatory matters.

In addition to securities and antitrust litigation, Mr. Friedman has an active practice in corporate and other complex commercial litigation. He is a frequent speaker on topics relating to securities litigation, cross-border litigation, the FCPA, and internal investigations.

Mr. Friedman was recognized in the 2010 and 2006 BTI Consulting Group's Client Service All-Star survey for consistently delivering exceptional client service. Mr. Friedman has also been listed in the 2007-2012 Best Lawyers in America directories for Commercial Litigation, and is regularly recognized as a Northern California “Super Lawyer.”   

Mr. Friedman was the Chair of the Ninth Circuit Advisory Board, a group of senior lawyers from throughout the Ninth Circuit appointed by the Chief Judge during 2008-2009. He was the Chair of the 2003 Ninth Circuit Judicial Conference and was also the Chair of the Lawyer Representatives Coordinating Committee of the 2003 Ninth Circuit Judicial Conference. He served as Program Chair of the 2002 Ninth Circuit Judicial Conference. Mr. Friedman was the Chair of the Lawyer Representatives of the Ninth Circuit Judicial Conference from the Northern District of California during 1998-2000. In 2002, the bench and bar of the Northern District of California honored him with the Public Service Award in recognition of his service to the Court.

Mr. Friedman joined Morrison & Foerster in 1982 and became a partner in 1986. He has served as Deputy Chair (1987-1990) and Chair (1990-1993) of the firm's Litigation Department. He is the Chair of The Morrison & Foerster Foundation, a member of the firm's Executive Committee, Compensation Committee, and Board of Directors, and is a Vice President of the Executive Committee of the Yale Law School Association. 

Mr. Friedman was a member of Phi Beta Kappa at the University of California, Berkeley. He was also awarded the University Medal, the highest undergraduate honor at the University, presented to the most distinguished student in the graduating class.

Precision Associates v. Panalpina, et al. (EDNY)
In 65 defendant class action alleging a global price fixing cartel in the freight forwarding industy, lead defense and successfully argued motion to dismiss on behalf of all defendants.resulting in recommended dismissal for lack of standing and failure to satisfy Twombly on key claims.  (2011)
Asia-Pacific FCPA Investigation
Representing a leading global technology company in internal investigation of potential FCPA violations in Asia-Pacific countries.  (Pending)
In re Crocs, Inc. Securities Litigation; Wheeler v. Snyder et al.
(D. Colo. & Colo. Dist. Ct.) Represent Crocs, Inc. and certain of its current and former officers and directors in shareholder class actions (claiming violations of the Exchange Act) and derivative lawsuits filed in Colorado. In February 2009, won dismissal of all derivative claims, with prejudice, on first motion to dismiss. No appeal was filed. In February 2011, won dismissal of all claims in the federal class actions on first motion to dismiss. In re Crocs, Inc. Sec. Litig., 07-cv-2351-PAB, 2011 WL 782485 (D. Colo. Feb. 28, 2011). Plaintiffs in the federal case have filed a notice of appeal. (Pending)
Asia-Pacific FCPA Investigation
Represented a U.S.-based multinational Fortune 50 company in internal investigation of alleged violations of the FCPA in Asia-Pacific countries. Following the conclusion of our investigation and self-reporting, neither the SEC nor the DOJ took any action against our client. (2007)
Global Cartel Investigations
Representing a U.S.-based multinational Fortune 50 company in global cartel investigations and all related civil and criminal proceedings in several countries, including class action litigation. (Ongoing)
Antitrust Multi-District Litigation
Won dismissal with prejudice in 51 separate nationwide class actions, which were combined into one MDL proceeding in the Northern District of Georgia. Plaintiffs alleged that defendants conspired to set fuel surcharge levels on "Less Than Truckload" shipments. On behalf of our Fortune 50 client, we obtained a stay of discovery, and moved to dismiss the complaint on the ground that plaintiffs had not alleged facts to establish a conspiracy under the standards set forth by the Supreme Court in Twombly v. Bell Atlantic. The court granted the motion to dismiss and set a very high standard for any subsequent amendment. The plaintiffs concluded that they could not meet that standard, and the case was dismissed with prejudice. (2009)
Late-Payment Fees Class Action
With hundreds of millions of dollars at stake, won dismissal with prejudice of nationwide class action complaint on the first motion to dismiss in case involving cutting edge preemption issues arising from the collection of late payment fees that allegedly exceeded the amounts allowable under state law. No appeal filed. (2009)
Stock Option Investigations
Conducted internal investigations regarding stock option issues on behalf of several audit committees/special committees. (2005 - 2007) 
Nationwide Antitrust Class Action for Fortune 50 Company
Won motion to dismiss without leave to amend for Fortune 50 company in nationwide antitrust class action, which alleged that client unlawfully tied the sale of loss/damage protection to the sale of ground transportation services.  No appeal filed. (2008)
Billing Adjustment Class Action
Won dismissal with prejudice of putative nationwide class action for our Fortune 50 client alleging unfair business practices for requiring customers to seek billing adjustments for packages that they processed for shipment but decided not to ship. No appeal filed. (2009)
BayStar Capital Management, LLC v. Core Pacific-Yamaichi International (H.K.) Limited
(C.D. Cal.) Successfully defended China's largest investment bank, China International Capital Corp. (Hong Kong) Ltd. ("CICC"), in a securities fraud action alleging $100 million in damages. After two years of hard-fought litigation, the case was dismissed, with prejudice, with no payment from our client. (2007)
In re Excess Value Insurance Coverage Litigation
2004 WL 1724980 (S.D.N.Y. MDL-1139). Lead defense counsel in 26 state and federal class actions alleging contract, tort, deceptive trade practices, RICO and antitrust claims challenging collection of insurance premiums in connection with shipments. Successfully implemented a strategy of removing all state cases to federal court and obtained consolidation of the cases in Multidistrict Litigation proceedings. After motions to dismiss disposed of most claims, the cases settled on favorable terms. (2008)
Fulfillment Services, Inc. v. UPS
528 F.3d 614 (Ninth Circuit Court of Appeals). Won dismissal, with prejudice, for UPS in nationwide class action related to compliance with tariff requirements of the Interstate Commerce Act and transportation fees paid by a large class of shippers over a five-year period. Won affirmance of judgment by Ninth Circuit. (2008)
EIJ v. UPS
233 Fed. Appx. 600 (9th Cir. 2007). Won affirmance of summary judgment in favor of UPS on fraud, contract, bad faith, and other claims arising from lost shipment. (2007)
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