James R. Carroll
Bet-the-Company Litigation
Bet-the-Company Litigation
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James R. Carroll heads the litigation practice of Skadden’s Boston office. Mr. Carroll has broad experience — including jury trial experience — in consumer products, insurance, subprime-related issues and securities class action defense, as well as a broad array of complex civil litigations.Mr. Carroll is handling a number of purported class actions for major national life insurers and is defending a variety of purported class and individual actions in the life, disability and casualty insurance contexts. He won an appeal for one of the nation’s largest mutual fund complexes that reversed a lower court’s refusal to dismiss three putative class actions involving allegations of improper mutual fund “market timing” activities. Mr. Carroll also is representing investment advisers in regulatory inquiries and civil litigations in connection with the Bernard Madoff scandal. He also is defending one of the nation’s leading providers of variable annuities in class actions filed in multiple jurisdictions. In 2006-2007, Mr. Carroll spent a considerable amount of time representing special committees, companies and individuals in connection with multifront regulatory inquiries into stock option granting practices.Mr. Carroll secured an important win for the pharmaceutical industry in the U.S. Court of Appeals for the First Circuit. In August 2008, the First Circuit Court of Appeals affirmed the dismissal with prejudice of purported securities fraud class action cases against a major Boston pharmaceutical company. In doing so, the First Circuit emphasized that drug companies have no obligation to immediately publicly disclose even very negative adverse events and that the securities laws permit — indeed, require — that issuers take the time to reasonably investigate important developments prior to public disclosure. Mr. Carroll, on behalf of a German-based global pharmaceutical and chemical company, also won denial of a preliminary injunction motion seeking to enjoin a shareholder vote on whether to approve the company’s proposed $7 billion acquisition of a Massachusetts-based life science company.Mr. Carroll’s practice also includes representing corporations and individuals in matters before the SEC, the Massachusetts Attorney General’s Office and the Massachusetts Securities Division. His current engagements include matters before each of those regulators. In particular, he has defended civil enforcement actions and regulatory inquiries relating to subprime lending and derivatives.Mr. Carroll has utilized the Private Securities Litigation Reform Act to obtain a rare denial of a class certification motion in a purported 10b-5 securities fraud class action. He also argued the first Rule 23 (f) class certification appeal accepted by the First Circuit. His engagements also include the defense of qui tam actions brought across the country and representations of financial institutions in “security breach” actions arising out of the criminal activity of computer hackers.Mr. Carroll regularly litigates a variety of covenant-not-to-compete and “employee raiding” cases on behalf of several Massachusetts high-technology firms. He also has experience trying cases before arbitration panels of FINRA and AAA. In addition, he has tried so-called “whistleblower” cases to an administrative law judge pursuant to Sarbanes-Oxley.Mr. Carroll has been a guest lecturer at the MIT Sloan School of Management on matters relating to insider trading and the federal securities laws. He is a former member of Skadden’s Policy Committee, the firm’s governing body. Mr. Carroll repeatedly has been selected for inclusion in Chambers USA: America’s Leading Lawyers for Business and The Best Lawyers in America. He also was named as one of the 500 leading lawyers in the country by Lawdragon Magazine. Mr. Carroll was named one of the 2013 “BTI Client Service All-Stars” by The BTI Consulting Group for providing outstanding client service. “All-Stars” are nominated unprompted in interviews with corporate counsel at Fortune 1000 and other large organizations.”In addition to courts in Massachusetts, he is admitted to practice in the U.S. Supreme Court, the U.S. Court of Appeals including the Federal, First, Second, Third, Fifth, Seventh and Ninth Circuits and numerous federal district courts across the country. Mr. Carroll’s practice is not limited to New England; he regularly litigates in courts throughout the United States. James R. Carroll heads the litigation practice of Skadden’s Boston office. Mr. Carroll has broad experience — including jury trial experience — in consumer products, insurance, subprime-related issues and securities class action defense, as well as a broad array of complex civil litigations.Mr. Carroll is handling a number of purported class actions for major national life insurers and is defending a variety of purported class and individual actions in the life, disability and casualty insurance contexts. He won an appeal for one of the nation’s largest mutual fund complexes that reversed a lower court’s refusal to dismiss three putative class actions involving allegations of improper mutual fund “market timing” activities. Mr. In particular, he has defended civil enforcement actions and regulatory inquiries relating to subprime lending and derivatives.Mr. Carroll has utilized the Private Securities Litigation Reform Act to obtain a rare denial of a class certification motion in a purported 10b-5 securities fraud class action. He also argued the first Rule 23 (f) class certification appeal accepted by the First Circuit. His engagements also include the defense of qui tam actions brought across the country and representations of financial institutions in “security breach” actions arising out of the criminal activity of computer hackers.Mr. Carroll regularly litigates a variety of covenant-not-to-compete and “employee raiding” cases on behalf of several Massachusetts high-technology firms. He also has experience trying cases before arbitration panels of FINRA and AAA. In addition, he has tried so-called “whistleblower” cases to an administrative law judge pursuant to Sarbanes-Oxley.Mr. Carroll has been a guest lecturer at the MIT Sloan School of Management on matters relating to insider trading and the federal securities laws. He is a former member of Skadden’s Policy Committee, the firm’s governing body. Mr. Carroll repeatedly has been selected for inclusion in Chambers USA: America’s Leading Lawyers for Business and The Best Lawyers in America. He also was named as one of the 500 leading lawyers in the country by Lawdragon Magazine. Mr. Carroll was named one of the 2013 “BTI Client Service All-Stars” by The BTI Consulting Group for providing outstanding client service. “All-Stars” are nominated unprompted in interviews with corporate counsel at Fortune 1000 and other large organizations.”In addition to courts in Massachusetts, he is admitted to practice in the U.S. Supreme Court, the U.S. Court of Appeals including the Federal, First, Second, Third, Fifth, Seventh and Ninth Circuits and numerous federal district courts across the country. Mr. Carroll’s practice is not limited to New England; he regularly litigates in courts throughout the United States. James R. Carroll heads the litigation practice of Skadden’s Boston office. Mr. Carroll has broad experience — including jury trial experience — in consumer products, insurance, subprime-related issues and securities class action defense, as well as a broad array of complex civil litigations. Mr. Mr. Carroll, on behalf of a German-based global pharmaceutical and chemical company, also won denial of a preliminary injunction motion seeking to enjoin a shareholder vote on whether to approve the company’s proposed $7 billion acquisition of a Massachusetts-based life science company. Mr. Carroll’s practice also includes representing corporations and individuals in matters before the SEC, the Massachusetts Attorney General’s Office and the Massachusetts Securities Division. His current engagements include matters before each of those regulators. In particular, he has defended civil enforcement actions and regulatory inquiries relating to subprime lending and derivatives. Mr. Carroll has utilized the Private Securities Litigation Reform Act to obtain a rare denial of a class certification motion in a purported 10b-5 securities fraud class action. He also argued the first Rule 23 (f) class certification appeal accepted by the First Circuit. He also has experience trying cases before arbitration panels of FINRA and AAA. In addition, he has tried so-called “whistleblower” cases to an administrative law judge pursuant to Sarbanes-Oxley. Mr. Carroll has been a guest lecturer at the MIT Sloan School of Management on matters relating to insider trading and the federal securities laws. He is a former member of Skadden’s Policy Committee, the firm’s governing body. Mr. Court of Appeals including the Federal, First, Second, Third, Fifth, Seventh and Ninth Circuits and numerous federal district courts across the country. Mr. Carroll’s practice is not limited to New England; he regularly litigates in courts throughout the United States.
Recognized in Best Lawyers since 2008
Katherine Nguyen
When our company faced a complex, bet-the-company dispute involving a major consumer products liability claim, we turned to James Carroll. His 36 years of experience, particularly his deep background in consumer products litigation and his jury trial expertise, were immediately apparent. From our first meeting at Skadden's Boston office, Mr. Carroll demonstrated a masterful command of both the legal intricacies and the broader business implications. His strategic guidance was not just theoretical; it was grounded in the practical realities of the courtroom, which was profoundly reassuring. The recognition he has received, such as the 2021 Lawyer of the Year award, is clearly well-earned. He and his team conducted a meticulous investigation, built an unassailable defense, and managed the proceedings with a calm, authoritative presence that kept our entire leadership team focused. The matter was resolved favorably without the need for a protracted trial, a testament to his formidable reputation and negotiation acumen. Mr. Carroll is more than a brilliant litigator; he is a trusted counselor who provides clarity under immense pressure. For any business confronting existential commercial litigation, his representation is invaluable.