Francis P. Karam

Francis P. Karam graduated from Holy Cross College in 1977 with an A.B. in the Classics, and in 1981 received his J.D. from Tulane University School of Law. Upon graduation, he practiced Admiralty and Maritime law with a New York law firm, where he represented international insurance companies in commercial arbitrations and litigation in various Federal courts.

From 1984 to 1990, Mr. Karam was an Assistant District Attorney in the Bronx, where he served as a senior Trial Attorney in the Homicide Bureau. He entered private practice in 1990, specializing in trial and appellate work in State and Federal courts. Before joining the firm, Mr. Karam was a partner at a prominent Manhattan plaintiffs' class action firm.

Mr. Karam has, in his career, tried over 100 criminal and civil cases, including complex cases involving tax fraud and commercial fraud. He has argued numerous appeals in the State and Federal courts. Recently, Mr. Karam played a significant role in the factual investigation and successful opposition to the defendants' motions to dismiss in In re Enron Securities Litigation. He was co-lead counsel in In re Thomas and Betts Securities Litigation where he achieved a $46.5 million settlement on behalf of the shareholder class. He is currently co-lead counsel in In re Xerox Securities Litigation, In re Bellsouth Securities Litigation and In re CIGNA Securities Litigation. Recent successful settlements include In re Footstar Securities Litigation, $20.3 million, In re SeeBeyond Securities Litigation, $13.1 million, In re Quality Distribution Securities Litigation, $8.15 million and In re Deutsche Telekom Securities Litigation, $120 million. Mr. Karam concentrates his practice in complex class action litigation involving shareholders' rights and securities fraud.

Mr. Karam is an active teacher and lecturer for the National Institute of Trial Lawyers, and recently was a panelist at the ABA Business Law section seminar Corporate Accounting in the Wake of Enron. He is admitted to the Bars of the State of New York and the Commonwealth of Pennsylvania, the United States Court of Appeals for the Second Circuit, and the United States District Courts for the Southern and Eastern Districts of New York.