2 North La Salle St., #1700
Chicago, Illinois, 60602

(312) 269-8047

Future Star


Practice area:

Securities


Karl Barnickol takes pride in providing practical litigation advice tailored to client-specific goals and counseling clients on best practices for business growth and litigation avoidance. His litigation practice focuses on defending complex mass tort and class action cases, including products and publisher liability matters, securities fraud and shareholder derivative litigation, price-fixing and unfair competition claims. Karl has significant experience representing health care, technology, manufacturing, logistics, and content and media companies in complicated cases. He also represents individual employees, officers, and directors in civil litigation or regulatory matters arising from their employment.

He has achieved successful outcomes for clients in state and federal courts nationwide, both at trial and appellate levels, including:

  • Negotiating voluntary dismissals and settlements to end hundreds of mass tort claims challenging drug information relating to Reglan, Accutane, Zoloft, Prozac, and Januvia;
  • Obtaining dismissal of three amended securities fraud complaints and four parallel derivative complaints filed against a company and its senior executives;
  • Successfully negotiating a settlement in a $1.6 billion class action health care fraud lawsuit and defending the settlement against objections from class members in the U.S. Court of Appeals for the First Circuit; and
  • Obtaining a favorable allocation of costs on behalf of an oil company facing environmental claims following a four-week bench trial.

Outside the courtroom, Karl helps businesses profit by identifying opportunities for cost reduction and revenue growth in relationships with business partners and customers. He negotiates and drafts agreements, including technology licenses, sponsorships, concessions and subscriptions. He also develops marketing and sales training materials, internal policy documents, and customer disclosures that drive continuous process improvement and mitigate litigation risk. Karl has worked with health care technology companies, retailers, and professional sports franchises to substantially reduce the incidence and scope of litigation challenging their business practices.

 

Updated Sep 2024