Charles W. Stotter

Principal

  • Direct 973.660.4478
  • Fax 973.514.1660
Charles W. Stotter
Charles W. Stotter

"My goals are to provide thoughtful attention to client problems and deliver practical solutions that achieve positive results."

Charles Stotter conducts complex corporate and commercial litigation, focusing in the defense of insurance coverage, securities and professional liability matters in federal and state courts, and in proceedings before regulatory agencies.  He often addresses industry groups on such matters.  One of Charles’s published works was cited by the New Jersey Supreme Court as an authority in an important opinion on attorney malpractice issues.

Charles represents insurance carriers in coverage and bad faith actions.  He has represented public companies and their officers and directors in securities class actions and shareholder derivative litigation, often involving reporting, disclosure and insider trading issues.  In litigation, enforcement and related proceedings, he has represented accountants and accounting firms, and he has defended attorneys against malpractice claims.  He also represents clients in disputes over closely-held corporations, business contracts and trademarks, and advises clients on risk management and liability issues. 

Charles’ clients appreciate his dedication to their interests and his ability to achieve favorable results in a cost effective and efficient manner.  In complex insurance coverage actions, Charles has obtained favorable resolutions with his focused litigation and motion practice that exposed the adversaries’ weaknesses and sustained his clients’ positions.  In defending an employment related breach of fiduciary duty and misappropriation matter, Charles developed a factual record to successfully defeat the adversary’s motion for a preliminary injunction. 

In multiple shareholder class actions, Charles obtained dismissal of federal securities fraud claims brought against a public company and its directors and officers.  He obtained dismissal of state law fiduciary duty claims brought against directors of a public company in shareholder derivative actions.  Charles also obtained recovery for a putative minority shareholder in a closely-held corporation.

As local counsel and co-counsel, Charles coordinated and conducted litigation in a $14 billion multidistrict securities fraud and accountant liability case.  As a prior in-house FDIC counsel, he managed and directed more than forty investigations and the resulting litigation of claims against professionals affiliated with twenty failed banks, and achieved a 29 percent reduction in litigation costs through use of in-house professionals.

Through trial and appeal, Charles co-chaired the successful defense of a $7 million securities fraud and accountant liability claim.  Without personal liability to his accounting firm clients, he successfully defended and favorably settled a $40 million professional negligence claim arising out of the failure of a securities broker-dealer.

Charles has been involved in his community, serving for many years as an officer and on the board of a local community organization, and is active in bar association activities, serving as an Editor of an American Bar Association newsletter and as an Editor of ABA website content.    

  • Successfully defended on motions and appeal an international insurer in a fidelity bond coverage action in New York State Supreme Court, Commercial Division, arising out of the insureds’ investment of funds with Bernard L. Madoff, Jacobson Family Investments, Inc., et al., v. National Union Fire Insurance Company of Pittsburgh, Pa., et al.
  • Defended and favorably settled executive liability insurance coverage actions in New Jersey state court
  • Defended and favorably settled a kidnap and ransom insurance coverage action in the Southern District of New York    
  • Successfully defended a public company and its executive officers in securities fraud class actions in the Eastern District of New York, and successfully defended the public company’s directors and officers in shareholder derivative actions in the Eastern District of New York and in the Delaware Chancery Court, In re NBTY, Inc. Securities Litigation
  • Recognized in Super Lawyers, 2005-2006