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Brad Karp

Brad Karp has been the Chairman of Paul, Weiss since 2008. One of the country’s leading litigators and corporate advisers, Brad has successfully guided numerous Fortune 100 companies, global financial institutions and other companies and individuals through “bet the company” litigations, regulatory matters, internal investigations, and corporate crises.

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Lessons Learned from the Archegos Default: How Banks Can Better Identify Risk and Prevent Losses

by Brad Karp


May 15, 2022

By all measures, the week of March 22, 2021, began as a hopeful week on Wall Street—the third wave of the COVID-19 pandemic had largely subsided, workers were returning to the office, and financial markets were at all-time highs. By the end of the week, however, the decline of just a few media and technology stocks, precipitating the default of a single hedge fund, led to losses of epic proportions across multiple prime brokers ... (cont)