Craig A. Newman is a recognized leader in both complex financial litigation and global cybersecurity. As a seasoned litigation partner and former General Counsel at both a multi-billion dollar international private equity firm and a Fortune 500-owned media consortium, Craig is steeped in key issues currently facing global organizations and often fills the role of senior outside advisor to his clients. He also chairs Patterson Belknap’s Privacy and Data Security Practice, is a founding contributor to the firm’s blog, www.DataSecurityLaw.com, and was recognized by The National Law Journal as one of 2015’s "Cybersecurity & Data Privacy Trailblazers."
Craig’s practice focuses on litigation involving sophisticated financial products, including swaps and derivatives, special litigation committee and board investigations, advising boards and organizations on cybersecurity, including data breach preparedness and cyber insurance assessment, and representing public, private, and non-profit institutions victimized by data breaches. He also handles litigation in a range of venues involving high-stakes claims of securities and accounting fraud, shareholder derivative litigation, M&A litigation, commercial disputes, and SEC, HUD and FTC investigations and enforcement matters. His clients include Fortune 500 companies and their boards and leadership teams, financial institutions, hedge and private equity funds, international investment firms, media and technology companies, manufacturers, healthcare providers, non-profit institutions, insurance companies, and private investors.
Maintaining his roots in journalism, where he began his career at age sixteen as a stringer for the Associated Press and later earned a Pulitzer Prize nomination, Craig appears regularly on national television including CNBC, CNN, and Bloomberg TV, discussing issues that range from litigation and corporate governance to the latest developments in cybersecurity. He has also written for The New York Times, The Washington Post, The Wall Street Journal, and Financial Times. Craig’s deep media background is another asset in his representation of major companies as he is always sensitive to the “headline risk” in high profile matters.
Craig is a sought-after speaker for industry and professional conferences, including the Tulane Corporate Law Institute M&A Conference and those sponsored by the U.S. Department of Homeland Security.
His recent work includes:
- An international investment conglomerate and holding company in a $10 billion complex financial fraud action relating to a secured lending facility;
- A multinational manufacturing technology company in breach of fiduciary duty litigation arising out of the sale of two U.S. affiliates;
- A U.S.-based hedge fund in litigation against a British financial institution relating to the termination under ISDA documentation of a $1.5 billion total return swap portfolio of corporate loans and bonds; and
- Majority lenders and financial institutions in litigation with minority lenders related to covenant defaults and the foreclosure of a major international resort property that served as collateral for both term and revolving loan facilities.
- Corporate boards and leadership teams concerning data security assessments, breach preparedness, breach response, oversight responsibilities, and internal investigations;
- A Fortune 100 company and its senior management in an internal investigation and litigation related to a data breach and the public disclosure of confidential and proprietary corporate information;
- Fortune 1000 multi-state healthcare company in internal investigation related to data security;
- A prominent investment management organization in a data breach response and subsequent investigation relating to "Business Email Compromise," fraudulent Automated Clearing House wire transfers and violations of the Computer Fraud and Abuse Act;
- Investment advisers and investment funds in preparing and implementing comprehensive data security plans including incident response protocols to comply with SEC requirements; and
- A university in connection with a cyber-attack relating to highly confidential student records.
Board Representation and Investigations
- The Special Board Committee of an NYSE-listed financial institution in an internal investigation into compliance and regulatory matters arising out of participation in HUD programs and subsequent shareholder derivative litigation in both state and federal court;
- A federally appointed Receiver in a securities fraud civil enforcement action instituted by the U.S. Securities and Exchange Commission, and related U.S. Department of Justice investigation, arising out of a multi-million dollar Ponzi scheme;
- A non-profit enterprise in an investigation into a DDos attack of its content management system, illegal content transfers and violations of the Computer Fraud and Abuse Act;
- An NYSE-listed company in an investigation into the hacking of non-public information by a business competitor; and
- A faculty member of a major educational institution in an investigation related to allegations of plagiarism and copyright infringement.
- New York
- District of Columbia
Named among The National Law Journal's 2015 “Cybersecurity & Data Privacy Trailblazers;" Burton Award winner for Distinguished Legal Writing; Member, Cronkite School of Journalism and Mass Communication Hall of Fame; Bernard Kilgore Fellowship awarded by The Society of Professional Journalists/Sigma Delta Chi and The George Washington University; Nathan Burkham Copyright Award, the American Society of Composers, Authors and Publishers Intellectual Property Award
- Trustee, Arizona State University;
- Chairman of the National Board of Advisors at the Cronkite School of Journalism at Arizona State University;
- Member, Bloomberg Law Innovation Advisory Board;
- Member, Lexis/Nexis Privacy & Cybersecurity Law Report’s Editorial Board;
- William Randolph Hearst Visiting Professional (Law and Regulation), Cronkite School of Journalism & Mass Communication, Arizona State University;
- Member, Media Council, The Paley Center for Media;
- Faculty, Practising Law Institute;
- Member, National Association of Corporate Directors;
- Chief Executive Officer of the Freedom2Connect Foundation, a Washington, D.C.-based non-profit organization focused on global Internet censorship issues (2012-2016); and
- Advisory Board Member of Newsy, the news and information service for mobile devices, which is owned by the E.W. Scripps Company (2011-2015).