Carl represents corporations in complex commercial litigation. He has tried more than 30 cases and arbitrations over his 28-year career. Most of his work is outside of Alabama.
Carl specializes in antitrust litigation and securities litigation. He heads the firm’s antitrust group and his work in that area includes acting as lead counsel for the bellwether defendant in In re Blue Cross and Blue Shield Antitrust Litigation, a massive MDL filed in 2012 that remains pending today. Plaintiffs there seek billions of dollars in damages. He has also won a defense verdict in a Section One case tried under a per se liability standard. On the securities side, Carl has successfully tried a $100mm+ bond fraud suit, favorably resolved large nationwide class actions involving hundreds of millions of dollars, and won numerous FINRA arbitrations.
Among others, Carl has represented clients such as Abbott Labs, AT&T, Blue Cross Blue Shield of Alabama, Bear Stearns, Citigroup, Credit Suisse, Deutsche Bank, GlaxoSmithKline, Goldman Sachs, MetLife, Merrill Lynch, Morgan Keegan, Morgan Stanley, Regions Bank, Stifel Nicolaus, Wachovia Capital Markets, and Wells Fargo.
Carl received a B.A. from the University of Alabama, magna cum laude, and a J.D. from the University of Chicago Law School, with honors. He clerked for Judge E. Grady Jolly of the United States Court of Appeals for the Fifth Circuit.
- Lead trial lawyer for Bear Stearns in fraud trial in Alabama state court. Co-defendants settled before trial for $111,105,000 and Plaintiffs’ demanded over $100,000,000 from Bear Stearns. Jury hung 8-1 in Bear Stearns’s favor, leading to exceptionally favorable settlement. Case covered by the Wall Street Journal and other media.
- Co-Lead trial lawyer for BellSouth in $40,000,000 contract and business tort dispute tried in federal court. Plaintiffs’ last pre-trial demand was over $15,000,000. Jury deliberated less than an hour before rending a defense verdict. Jury also awarded BellSouth $3,500,000 on a counterclaim.
- Lead trial lawyer for Cybex in $12,000,000 business dispute tried in federal court. Defense verdict.
- Lead trial lawyer for Goldman Sachs in arbitration alleging $18,000,000 in investment losses. Defense verdict
- Lead trial lawyer for Goldman Sachs in arbitration alleging $13,000,000 in investment losses. Defense verdict.
- Lead trial lawyer for prominent bank in arbitration alleging $12,000,000 in damages. Defense verdict.
- Currently serving as co-lead counsel for Blue Cross Blue Shield of Alabama in federal MDL antitrust litigation comprising over 40 putative nationwide class actions. Plaintiffs seek literally billions of dollars in damages. Litigation has been pending since 2012.
- Lead counsel for 38 prominent investment banks in a putative nationwide class action alleging violations of the 1933 Securities Act. Plaintiffs alleged investment banks were strictly liable for underwriting over $500,000,000 in securities that became worthless after issuer (Colonial Bancshares) filed bankruptcy. Settled case for less than $5,000,000.
- Lead counsel for broker-dealer in $25,000,000 federal securities fraud lawsuit involving the sale of auction-rate securities. Case dismissed on summary judgment.
Carl's Affiliations and Civic Involvement
- Defense Research Institute
- American Bar Association
- Alabama Defense Lawyers Association
- Alabama State Bar Association
- Birmingham Bar Association
University of Chicago School of Law (1990, J.D., with honors)
University of Alabama (1987, B.A., magna cum laude; Phi Beta Kappa; CEDA Debate National Champion)
Judge E. Grady Jolly
United States Court of Appeals for the Fifth Circuit