Bill Carmody

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Bill Carmody
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Born
Manhattan, NY
Alma materUnited States Merchant Marine Academy, Kings Point (B.S.)[1]
The University of Tulsa College of Law (JD)
OccupationTrial lawyer
EmployerSusman Godfrey
Spouse(s)Catherine Gillis Carmody

William Christopher “Bill” Carmody is an American trial lawyer.[1][2] He is a partner at Susman Godfrey.[3][2]. He had his own firm in Dallas prior to joining Susman Godfrey.[4][5] Carmody is known for working on large-scale corporate trials[6][7] and for being paid based on results.[3][1]

Early life and education

Carmody was born in Manhattan, NY, and raised on Long Island, NY.[1][8] He graduated from the United States Merchant Marine Academy; Carmody worked as a bartender in Miami and Tulsa, and graduated from The University of Tulsa College of Law.[1]

Legal career

In 1992, Carmody left Fulbright & Jaworski to start a firm with a partner.[9][5] In 1994, Carmody started another law firm, focused on personal injury and business litigation.[5][1] The firm became known for representing small companies against big corporations.[5][4]

He later joined the Dallas office of law firm Susman Godfrey.[10][9] In 2007, Carmody left Texas to head Susman Godfrey’s New York office.[10][11] Carmody is known for working on large-scale corporate trials[6][7] and for being paid based on results.[1][3]

Notable cases

Carmody defended investor Dan Loeb and his hedge fund Third Point Management against allegations Loeb and other hedge fund managers created a disinformation campaign around Fairfax Financial in order to drive down its stock price as part of a short-selling scheme.[12] The Canadian insurer’s $8 billion lawsuit was dismissed by a New Jersey judge in December 2011.[13][9]

Carmody was appointed co-lead class counsel representing the city of Baltimore, Yale University and over-the-counter investors[14] in a 2011 antitrust class-action suit against financial firms accused of manipulating the London Interbank Offered Rate (LIBOR).[15][16] As of 2018, $590 million in settlements had been paid to over-the-counter investors.[17][2]

In 2015, Carmody represented David Kester, a whistleblower who claimed drug manufacturer Novartis defrauded Medicare and Medicaid programs by paying pharmacies illegal kickbacks for recommending Novartis drugs.[18][19] Novartis, Accredo Health Group and Bioscrip Corporation paid $465 million in total to settle the False Claims Act charges, the largest recovery by the government in a False Claims Act lawsuit based solely on kickbacks.[19]

Carmody represented General Electric Capital - a unit of General Electric - in 2017, in a breach of contract trial against Nebraska Investment Finance Authority (NIFA) over guaranteed investment contracts, winning a $161 million judgment.[2][14]

In 2018,[14] Carmody represented Uber as the lead trial lawyer defending it in a $2 billion lawsuit filed by Waymo, which alleged Uber had stolen trade secrets protecting Waymo’s self-driving car technology.[20][21] After four days of trial, Uber and Waymo settled, with Uber reportedly giving Waymo a stake in Uber worth $245 million.[1]

In 2021, Carmody represented former WeWork co-founder and CEO Adam Neumann,[3] helping him secure a reported $480 million settlement from SoftBank after it canceled its tender offer to purchase up to $3 billion in WeWork stock.[22][23]

When dating company Match.com and IAC/InterActiveCorp were sued by the Tinder co-founders in a $2 billion lawsuit for allegedly understating the dating app’s value in 2017, Carmody was brought in as lead trial counsel for the defendants.[24][6] The lawsuit was settled in December 2021, days before the end of trial, with Match.com agreeing to pay $441 million to the plaintiffs, and to others who agreed to drop related suits.[25][26]

In May 2023, Carmody helped hedge fund manager Louis Bacon secure a $203 million award for Bacon in a defamation lawsuit against Canadian fashion executive Peter Nygard.[3]

Personal life

Carmody lives in Miami Beach, Florida with his wife Catherine.[27] He was previously married to Nikki Carmody Ream.[28]

References

  1. ↑ 1.0 1.1 1.2 1.3 1.4 1.5 1.6 1.7 Opfer, Chris (21 July 2021). "Lawyer to Ex-WeWork CEO Neumann Wins Big by Betting on Himself". Bloomberg Law. Retrieved 8 June 2022.
  2. ↑ 2.0 2.1 2.2 2.3 Perlman, Matthew (16 May 2018). "Titan Of The Plaintiffs Bar: Susman Godfrey's Bill Carmody". Law360. Retrieved 27 June 2022.
  3. ↑ 3.0 3.1 3.2 3.3 3.4 Murphy, Vanessa (6 June 2023). "Attorney heading lawsuit against pharmaceutical giants known for 'betting the company'". 8 News Now. CBS. Retrieved 13 June 2023.
  4. ↑ 4.0 4.1 Friend, Janin (25 July 1999). "Carmodys breaks from traditional law firm look". Dallas Business Journal. Retrieved 23 June 2022.
  5. ↑ 5.0 5.1 5.2 5.3 Carroll, Rick (19 January 1997). "Carmody firm may be tiny, but judgment was mighty". Dallas Business Journal. Retrieved 23 June 2022.
  6. ↑ 6.0 6.1 6.2 Opfer, Chris (19 October 2021). "Match, IAC Tap High-Profile Litigator for $2 Billion Tinder Suit". Bloomberg Law. Retrieved 24 June 2022.
  7. ↑ 7.0 7.1 Hancock, Ben (2 February 2018). "In Waymo v. Uber, an Encore Showdown for Lead Counsel at Quinn and Susman". Law.com. Retrieved 31 August 2022.
  8. ↑ Schaefer, Ralph (23 May 2014). "Attorneys, judges honored at University of Tulsa College of Law Alumni Association event". Tulsa World. Retrieved 13 June 2022.
  9. ↑ 9.0 9.1 9.2 Dewey, Katrina (18 June 2017). "The Producers: Bill Carmody Of Susman Godfrey". Lawdragon. Retrieved 14 June 2022.
  10. ↑ 10.0 10.1 Dewey, Katrina (3 December 2017). "Don't Mess With Texas: How Lawyers At Susman Godfrey Formed America's Leading Trial Law Firm". Lawdragon. Retrieved 13 June 2022.
  11. ↑ Chen, Vivia (13 December 2016). "Santa Visits Susman Godfrey: Up to $140K in Bonus!". American Lawyer. Retrieved 29 September 2022.
  12. ↑ "Reporters caught up in Fairfax case". Financial Post. Reuters. 9 March 2011. Retrieved 13 June 2022.
  13. ↑ Or, Amy (26 December 2011). "Court Dismisses Fairfax Financial Suit". Wall Street Journal. Retrieved 21 June 2022.
  14. ↑ 14.0 14.1 14.2 Staff (9 October 2018). "Attorney of the Year Finalist" (PDF). New York Law Journal. Retrieved 8 June 2022.
  15. ↑ Kilar, Steve (15 July 2012). "With LIBOR Suit, Baltimore Reinforces Role as Banking Watchdog". Baltimore Sun. Retrieved 10 June 2022.
  16. ↑ Vaughan, Bernard (5 March 2013). "Banks urge U.S. judge to throw out Libor lawsuits". Reuters. Retrieved 21 June 2022.
  17. ↑ Stempel, Jonathan (29 March 2018). "HSBC to pay $100 million to end Libor rigging lawsuit in U.S." Reuters. Retrieved 22 June 2022.
  18. ↑ McGill, Margaret Harding (4 March 2015). "Novartis Told To Produce Docs In Kickbacks Suit By March 13". Law360. Retrieved 29 September 2022.
  19. ↑ 19.0 19.1 Editorial Staff (20 November 2015). "Novartis To Pay $390 Million to Settle False Claims Charge". Corporate Crime Reporter. Retrieved 8 June 2022.
  20. ↑ Wakabayashi, Daisuke (5 February 2018). "Waymo v. Uber Trial Opens With a Battle of Sports Metaphors". The New York Times. Retrieved 10 June 2022.
  21. ↑ Hook, Leslie (5 February 2018). "Start of Waymo-Uber trial highlights vicious competitions". Financial Times. Retrieved 20 September 2022.
  22. ↑ Chen, Ruiqi (15 December 2021). "Litigation Boutiques Nearly Double Big Law Firm Bonuses". Bloomberg Law. Retrieved 13 June 2022.
  23. ↑ Farrell, Maureen; Brown, Eliot (25 February 2021). "WeWork's Adam Neumann to Get Extra $50 Million Payout in SoftBank Settlement". Wall Street Journal. Retrieved 18 June 2022.
  24. ↑ Dolmetsch, Chris (8 November 2021). "Diller's IAC duped Tinder founders on phony growth, lawyer says". Los Angeles Times. Bloomberg. Retrieved 23 June 2022.
  25. ↑ Baxter, Brian (11 May 2022). "Match Law Chief's Pay Soared as Company Prepped Google Suit". Bloomberg Law. Retrieved 24 June 2022.
  26. ↑ Grossman, Matt (1 Dec 2021). "Match Group Settles Lawsuit Over Tinder's Valuation". Wall Street Journal. Retrieved 20 June 2022.
  27. ↑ Kallergis, Katherine (27 May 2021). "Attorney Bill Carmody buys PH at Monad Terrace, relocates to Miami Beach". The Real Deal. Retrieved 13 June 2022.
  28. ↑ "The Rancho Santa Fe Women's Fund honors Foundation for Women Warriors with $50,000 grant". KUSI. McKinnon Broadcasting Company. 30 June 2022. Retrieved 23 June 2023.

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