People: Karen Y. Bitar, Partner

Photo of Karen Y. Bitar, Partner

Karen Y. Bitar

Partner

New York
Direct: (212) 218-5261
0

Karen Y. Bitar is a partner in the Litigation Department of Seyfarth Shaw LLP, and is Co-Chair of the firm’s White Collar, Internal Investigations and False Claims Team. For the fourteen years prior to joining Seyfarth, she was national co-chair of securities litigation for a large multinational law firm. Ms. Bitar’s practice focuses on shareholder actions, securities fraud litigation, securities class action defense, and Foreign Corrupt Practices Act (FCPA) compliance, as well as internal investigation.

Ms. Bitar is regularly retained for her trial experience. She has tried approximately 40 cases in both state and federal courts, mostly to a jury, and has broad experience in insider trading and financial fraud matters, application of Generally Accepted Auditing Standards (GAAS) and Generally Accepted Accounting Principles (GAAP), accounting malpractice and accounting restatements and irregularities.

Ms. Bitar has represented several national and international accounting firms in defending complex accounting liability and investor class action suits alleging violations of Federal Securities Laws, and related state law claims. 

Ms. Bitar began her legal career as an Assistant District Attorney in the Office of the District Attorney in Kings County, New York, where she was involved in sex crimes and investigatory matters, culminating as Assistant District Attorney in the Homicide Bureau. She also served as Assistant General Counsel at Ernst & Young LLP.  Ms. Bitar has been a frequent commentator on COURT TV and Fox TV.

Karen Y. Bitar is a partner in the Litigation Department of Seyfarth Shaw LLP, and is Co-Chair of the firm’s White Collar, Internal Investigations and False Claims Team. For the fourteen years prior to joining Seyfarth, she was national co-chair of securities litigation for a large multinational law firm. Ms. Bitar’s practice focuses on shareholder actions, securities fraud litigation, securities class action defense, and Foreign Corrupt Practices Act (FCPA) compliance, as well as internal investigation.

Ms. Bitar is regularly retained for her trial experience. She has tried approximately 40 cases in both state and federal courts, mostly to a jury, and has broad experience in insider trading and financial fraud matters, application of Generally Accepted Auditing Standards (GAAS) and Generally Accepted Accounting Principles (GAAP), accounting malpractice and accounting restatements and irregularities.

Ms. Bitar has represented several national and international accounting firms in defending complex accounting liability and investor class action suits alleging violations of Federal Securities Laws, and related state law claims. 

Ms. Bitar began her legal career as an Assistant District Attorney in the Office of the District Attorney in Kings County, New York, where she was involved in sex crimes and investigatory matters, culminating as Assistant District Attorney in the Homicide Bureau. She also served as Assistant General Counsel at Ernst & Young LLP.  Ms. Bitar has been a frequent commentator on COURT TV and Fox TV.

Education

  • J.D., Temple University James E. Beasley School of Law 

  • A.B., Political Philosophy, Vassar College

Admissions

  • New York
  • Connecticut

Courts

  • U.S. Court of Appeals for the Second Circuit
  • U.S. Court of Appeals for the Eleventh Circuit
  • U.S. District Court for the Eastern District of New York
  • U.S. District Court for the Southern District of New York
  • U.S. Court of Federal Claims
  • U.S. District Court for the District of Connecticut

Representative Engagements

  • Representation of Yeshiva University in recent high profile case alleging sexual abuse, fraudulent concealment, and Title IX.  (Dismissed on motion, dismissal upheld by the Second Circuit, petition for Certiorari denied)
  • Representation of certain national and international accounting firms in defending class action suits and professional negligence claims.  
  • Banco Espirito Santo International, Ltd. v. BDO Seidman, LLP, Circuit Court Case No. 04-14009 CA 31 (five-month jury trial culminating in appellate reversal of judgment in all respects)
  • BDO Seidman LLP v. Banco Espirito Santo International et al, Nos. 3D09-324, 09-197, 07-2472 (Reversing Plaintiffs verdict in all aspects), Third District Court of Appeal Miami, Florida, June, 2010
  • In Re: Bankest Capital Corporation, Debtor, Case No. 04-10941-BKC-AJC, Chapter 7
  • In Re John Alden Financial Corporation Securities Litigation, 2003 U.S. Dist. LEXIS 2554 (alleging violation of Federal Securities Law (Section 10(b)) (Restatement case; Summary Judgment granted for Defendant on eve of trial)
  • SEC v. Moran, 922 F. Supp. 867 (S.D.N.Y. 1996) (insider trading case culminating in SEC enforcement action and defense verdict at trial)
  • Conopco v. McCreadie, 826 F. Supp. 855, 40 F.3d 1239 (3d Cir. 1994) (professional negligence case culminating in trial)

Affiliations

  • Junior League, Greenwich, CT (Sustaining Member)
  • Community Service Society of New York (Board of Trustees)

Presentations

  • Speaker, “Defending the Accountant Defendant -- Recent Developments in Accounting Liability Defense,” Lecture presented at the Securities Litigation Seminar, New York, NY (December 1, 2006)
  • Speaker, “Trends in Securities Litigation Post PSLRA,” Deloitte & Touche Dispute Consulting Conference (August 2000)

Publications

Books

  • Co-author, “Defending the Perceived ‘Deep Pocket’: The Auditors,” a chapter of the Inside the MindsTM series Best Practices for Securities Litigation, published for Leading Lawyers On Maintaining Regulatory Compliance, Reporting Financial Disclosures, and Working With Government Agencies (February 2007)

Articles

Accolades

  • Super Lawyers magazine 2007-2010, 2013 - 2015
  • Finalist Team Member, Most Effective Lawyer Award, Appellate Category, Daily Business Review (2010)