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    Home /  Lawyers /  Richard H. Klapper

    Richard H. Klapper

    Of Counsel

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    New York

    +1-212-558-3555

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    klapperr@sullcrom.com

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    Rich Klapper is of counsel in Sullivan & Cromwell’s Litigation Group, and was the managing partner of the Group from 1999 through 2004. His practice has covered a wide range of civil litigation, including antitrust, securities, corporate governance and intellectual property disputes, as well as regulatory and white-collar investigations. His clients have included AIG, The Bank of New York, Barclays, Goldman Sachs and Wells Fargo.

    Mr. Klapper has significant experience in cases involving complex antitrust, financial and intellectual property issues that require extensive use of experts and presentation of complex technical concepts to courts and juries.

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    • Experience
    • News
    • Credentials
    • Related Practices
    Experience

    Experience

    • In re: Wells Fargo & Co Shareholder Derivative Litigation (Wells Fargo)
      A high-profile derivative action based on the bank’s account creation process. (N.D. Ca.)
    • In re: Goldman Sachs Group, Inc. (Goldman Sachs)
      In a class action alleging securities fraud in connection with mortgage-related activities and alleged conflicts of interest, including securing a favorable U.S. Supreme Court decision and rare third discretionary Rule 23(f) appeal, making this only the second case in which a federal appeals court has granted interlocutory review of class certification three times.
    • Goldman Sachs
      In reaching the April 2016 global settlement with the U.S. Department of Justice, the New York, Illinois and California Attorneys General, the National Credit Union Administration and the Federal Home Loan Banks of Chicago and Seattle to resolve claims regarding Goldman’s structuring, underwriting and sales of RMBS.

    • U.S. v. Barclays (Barclays)
      In a civil action by the Department of Justice alleging that Barclays made misrepresentations about the quality of mortgages packaged into residential mortgage-backed securities leading up to the financial crisis. (E.D.N.Y.)
    • Dodona I, LLC v. Goldman, Sachs & Co. (Goldman Sachs)
      Summary judgement granted dismissing fraud claims brought by hedge fund Dodona on behalf of investors in two CDO funds, alleging losses exceeding $2 billion. 132 F. Supp. 3d 505 (S.D.N.Y. 2015)
    • FHFA v. Goldman Sachs (Goldman Sachs)
      In one of a series of cases filed by the FHFA on behalf of Fannie Mae and Freddie Mac alleging that banks fraudulently issued or underwrote hundreds of mortgage-backed securities prior to the subprime collapse. (S.D.N.Y.)
    • Electronic Trading Group v. Banc of America Securities, et al. (Goldman Sachs)
      Dismissal of purported class action alleging conspiracy among prime brokers to charge short sellers excessive interest on borrowed securities, in violation of Sherman Act Section 1. (S.D.N.Y.)
    • In re: Bank of New York Shareholder Litigation (Bank of New York)
      Shareholder derivative litigation alleging breaches of fiduciary duty. (S.D.N.Y.; Second Circuit; Supreme Court, N.Y. County) 320 F.3d 291 (2d Cir. 2003)
    • In re: Goldman Sachs Mutual Fund Fee Litigation (Goldman Sachs)
      Dismissal of purported class action lawsuits alleging improper revenue sharing payments to broker-dealers by mutual fund distributor. See 2006 WL 126772 (S.D.N.Y.)
    • New York Mercantile Exchange, Inc. v. Intercontinental Exchange, Inc. (Intercontinental Exchange) Summary judgement granted dismissing copyright, trademark and trade name claims and antitrust counterclaims. 389 F. Supp. 2d 527 (S.D.N.Y. 2005)
    • Eastman Kodak Co. v. STWB Inc. and Bayer Inc. (Kodak)
      $50 million judgment after trial of contract dispute over liability for retiree benefit expenses. 232 F. Supp. 2d 74 (S.D.N.Y. 2002)
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    News

    News

    • S&C Helps Goldman Sachs Defeat $13 Billion Securities Class Action

      August 14, 2023
    • S&C Secures for Goldman Sachs a Rare Third Appellate Review of Class Certification in Major Securities Case

      March 16, 2022
    • S&C Represents Goldman Sachs in Favorable Supreme Court Decision

      June 22, 2021
    • S&C Representing Goldman Sachs in Supreme Court Securities Case

      December 18, 2020
    • S&C Wins Significant Securities Class Action Appeal

      January 12, 2018
    • SunEdison Subsidiaries TerraForm Power and TerraForm Global Announce Definitive Agreements With Brookfield Asset Management

      March 7, 2017
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    Credentials

    Credentials

    Education

    • Yale Law School, J.D., 1979
    • Yale University, M.A., 1979
    • Hamilton College, A.B., 1975

    Bar Admissions

    • New York

    Clerkships

    • The Honorable Stanley A. Weigel, United States District Court, Northern District of California, 1979-1980
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    Related Practices

    Related Practices

    • Litigation
    • Antitrust
    • Bank Regulatory
    • Commodities, Futures & Derivatives
    • Congressional Investigations
    • Corporate Governance Litigation
    • Financial Services
    • Mergers & Acquisitions
    • Securities Litigation
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