Charles Reid is a partner in the firm's Florham Park office, concentrating his practice on commercial litigation. He has been with the firm since 1977 and has been a partner since 1983.
Charles's commercial litigation practice includes health care, securities, insurance, banking, ERISA, corporate governance, estate, and various aspects of financial services industry and general commercial litigation. His securities litigation experience includes the defense of Section 10(b)-5, Section 11, Section 12 and derivative claims, as well as state law securities fraud and misrepresentation matters.
Representative corporate and securities litigation matters:
· representation of underwriter in $33M fraud claim in state court involving Section 11 and various state law claims
· representation of issuer of $500M CMO private placement in common law fraud and misrepresentation action in NJ state court
· tried oppressed shareholder actions in New Jersey state court involving closely held corporations and limited partnerships
Representative health care matters:
· Obtained expedited NJ CHAPA (Community Health Care Assets Protection Act) approvals from the Superior Court, Chancery Division, and an order shortening the time for appeal in connection with the bond-financed sale of three urban hospitals by a health care system
· Represented New Jersey hospitals in licensing and certificate of need litigation, including a reported Appellate Division opinion reversing the termination of a cardiac catheterization license pursuant to a pilot program, and an Appellate Division decision upholding the hospital's eligibility for a cardiac surgery license
· Represented hospitals in privileges litigation. Obtained summary judgment in litigation commenced by a cardiac surgeon against a hospital and its cardiac surgery department for allegedly restricting his operating room access, which resulted in his failure to meet state volume requirements and consequently caused him to lose his license to perform cardiac surgery
An experienced litigator, Charles has tried both jury and non-jury trials in state and federal courts and has argued appeals in state appellate courts and U.S. Courts of Appeal for the Second, Third and Federal Circuits. He has also conducted arbitrations under AAA, NASD and NYSE rules. He is a member of the Essex and Morris County Bar Associations, as well as the New Jersey State Bar Association. In addition, he is a member of the Litigation and Insurance Sections of the American Bar Association.
He has been certified as a civil trial attorney by the New Jersey Supreme Court since 1984. Charles has also been elected by Nightingale's Healthcare News as one of 10 Outstanding Healthcare Litigators of 2008.