He has successfully represented securities industry clients, including Salomon Brothers in the federal criminal and SEC investigations of U.S. Treasury auction bidding practices, and Kidder Peabody in connection with the Wall Street insider trading scandal and ensuing civil litigations.
[2] He also successfully represented Canary Capital Partners in the ongoing mutual fund investigations and related civil litigations,[4] and Gary Winnick, the Chairman and Founder of Global Crossing.
[2] He also represented Cosmo Corigliano, the former Chief Financial Officer of the former Cendant, Bristol-Myers Squibb and Oxford Health Systems; the General Counsel of Rite Aid; the investment banking firm CIBC in the Enron investigation; a director and senior officer of Tyco in the securities class action and ERISA litigation; the former CEO of Refco, Phillip R. Bennett; and the former CEO of Arthur Andersen in the Enron civil litigation.
[5] Naftalis was counsel for Ian Schrager in the Studio 54 tax evasion case;[2] E. Robert Wallach, a San Francisco attorney and counsel to former attorney general Edwin Meese, in a federal criminal trial arising out of the Wedtech government contracting scandal;[6] and a Saudi Arabian banker in proceedings before the Federal Reserve Board relating to the disposition of his interest in the Bank of Credit and Commerce International, as well as civil litigation brought by the liquidators of BCCI, seeking $10 billion in damages.
[8] Naftalis represented Rajat Gupta, former director of Goldman Sachs and Procter & Gamble, who was accused of leaking company secrets to a billionaire hedge fund manager.