A partner and co-chair of the litigation department, Theodore V Wells, Jr has extensive litigation experience in white-collar criminal defence, complex civil and corporate litigation, SEC regulatory work, healthcare fraud, FCPA, AML and OFAC investigations, environmental matters and class action litigation.
In 2010 The National Law Journal named Ted one of “the decade’s most influential lawyers” and over the years has repeatedly selected him as one of the 100 most influential lawyers in America. In 2006 it named Ted Lawyer of the Year. Ted has also been recognised an outstanding jury trial lawyer by numerous publications including Chambers USA, which has noted that Ted “is considered by many to be ‘the best trial lawyer in the country.’” Since 2013, Chambers USA has ranked Ted as a Star Performer in three categories: nationwide trial litigation, New York general commercial litigation and New York white-collar crime and government investigations. Benchmark Litigation named him in similar categories. The Legal 500 has recognised him as a leading lawyer in white-collar criminal defence, and as a leading trial lawyer.
In 2010, Ted successfully defended Citigroup in a three-week jury trial where the plaintiff, the London-based private equity firm Terra Firma, claimed it was defrauded in connection with its purchase of the music company EMI, and claimed over US$8 billion in damages.
In 2008, Ted successfully defended Citigroup in a five-month jury trial where the plaintiff alleged that Citigroup aided and abetted in the massive fraud at Parmalat, the Italian dairy and food corporation. The jury totally rejected the US$2 billion claim for damages against Citigroup and also awarded Citigroup US$364 million on Citigroup’s counterclaim.
In 2012, Ted served as lead trial counsel for Bank of America in the massive securities class action relating to Bank of America’s acquisition of Merrill Lynch & Co. The case was settled on the eve of trial.
In 2013, Ted served as lead trial counsel for Merck in the massive securities fraud class action relating to the drug Vytorin. The case was settled on the eve of trial.
Ted was lead counsel for Merck in the federal regulatory investigations related to Vioxx and was lead counsel for Abbott Laboratories in the federal regulatory investigations relating to Depakote. Both the Vioxx and Depakote federal regulatory investigations were successfully settled in 2012.
In addition to defending a number of political figures, Ted has also represented numerous corporate executives and corporations in jury trials, grand jury investigations and before the SEC. Ted also has extensive experience in representing major pharmaceutical companies in criminal and civil matters involving off-label marketing issues.
Ted also has extensive experience in representing major corporations in massive class action litigations, including Merck, Johnson & Johnson, Bank of America, Mitsubishi Corporation, Carnival Corporation and Philip Morris Corporation.
In addition, Ted has successfully defended major law firms in malpractice actions.
With extensive experience in corporate governance issues, Ted previously served on the board of directors of CIT Corporation, a New York Stock Exchange company, where he was a member of CIT’s audit committee.
Ted is a fellow of the American College of Trial Lawyers. He has served as co-chair of the White-Collar Criminal Section of the National Association of Criminal Defense Lawyers. He has been a faculty member of the Practising Law Institute trial advocacy programme, a teaching team member of the Harvard Law School trial advocacy workshop and a lecturer at the Securities Regulation Institute. He has lectured on the use and scope of the RICO statute, the defence of securities, healthcare and environmental criminal and civil matters, federal grand jury procedures and federal sentencing guidelines.
WWL says: "Heavyweight litigator" Theodore Wells Jr is a "sensational lawyer", and admired for his extensive trial experience.
This biography is an extract from Who's Who Legal: Business Crime Defence which can be purchased from our Shop.