David H. Fry

Profile

David H. Fry is a litigation partner in the San Francisco office of Munger, Tolles & Olson.

Mr. Fry’s practice focuses on complex litigation matters, with particular emphasis on securities litigation. Mr. Fry has represented issuers, officers and directors, financial advisors and law firms in securities fraud and corporate governance class actions in both federal and state courts. Mr. Fry has also represented special committees and special litigation committees of boards of directors and conducted internal investigations, including in matters relating to stock options granting practices. Mr. Fry has also represented broker-dealers in securities arbitration matters and governmental investigations.

Representative matters handled by Mr. Fry include:

  • Representing Wells Fargo Bank and Bank of America Corporation in securities litigation arising from the issuance of mortgage-backed securities.
  • Representing General Reinsurance Corp. in connection with the American International Group, Inc. Securities Litigation.
  •  Representing Wachovia Securities in bondholder litigation relating to a defunct beverage concern.
  • Represented Merrill Lynch & Co. in a securities class action challenging mutual fund fees. Obtained dismissal of all claims with prejudice and successfully defended appeal to the 3rd Circuit Court of Appeals.
  • Served as lead counsel for a special committee of the board of directors of a NASDAQ-listed technology company in connection with an investigation of stock option granting practices.
  • Represented Microsoft in connection with shareholder class action and derivative litigation in the Delaware Chancery Court.
  • Represented Edison International in securities class action litigation arising out of the California energy crisis. Obtained dismissal of all claims with prejudice.
  • As lead trial counsel, successfully defended UBS in a securities arbitration involving multi-million dollar claims.

In the legal malpractice area, Mr. Fry has represented three of the nation’s largest law firms in actions alleging professional negligence and breach of fiduciary duty.

Mr. Fry has an active pro bono practice. In conjunction with several public interest groups, Mr. Fry led a team of Munger Tolles lawyers that obtained a $700 million settlement from the Social Security Administration for a class of people who were wrongfully denied government benefits. The firm was one of five awarded the National Law Journal’s 2009 Pro Bono Award for its work on the case and Mr. Fry received the Wiley W. Manuel Award for Pro Bono Services from the State Bar of California. Mr. Fry has previously represented homeless persons and prison inmates in pursuing civil rights claims.

Mr. Fry is the Immediate Past President of the Northern District of California chapter of the Federal Bar Association, the Treasurer and a member of the board of directors of the Law Center to Prevent Gun Violence, and a member of the Board of Directors of the National Senior Citizens Law Center.

Mr. Fry served as a lecturer in media law at the University of California at Berkeley School of Law in the 1998-1999 and 2000-2001 academic years.

David H. Fry is a litigation partner in the San Francisco office of Munger, Tolles & Olson.

Mr. Fry’s practice focuses on complex litigation matters, with particular emphasis on securities litigation. Mr. Fry has represented issuers, officers and directors, financial advisors and law firms in securities fraud and corporate governance class actions in both federal and state courts. Mr. Fry has also represented special committees and special litigation committees of boards of directors and conducted internal investigations, including in matters relating to stock options granting practices. Mr. Fry has also represented broker-dealers in securities arbitration matters and governmental investigations.

Representative matters handled by Mr. Fry include:

  • Representing Wells Fargo Bank and Bank of America Corporation in securities litigation arising from the issuance of mortgage-backed securities.
  • Representing General Reinsurance Corp. in connection with the American International Group, Inc. Securities Litigation.
  •  Representing Wachovia Securities in bondholder litigation relating to a defunct beverage concern.
  • Represented Merrill Lynch & Co. in a securities class action challenging mutual fund fees. Obtained dismissal of all claims with prejudice and successfully defended appeal to the 3rd Circuit Court of Appeals.
  • Served as lead counsel for a special committee of the board of directors of a NASDAQ-listed technology company in connection with an investigation of stock option granting practices.
  • Represented Microsoft in connection with shareholder class action and derivative litigation in the Delaware Chancery Court.
  • Represented Edison International in securities class action litigation arising out of the California energy crisis. Obtained dismissal of all claims with prejudice.
  • As lead trial counsel, successfully defended UBS in a securities arbitration involving multi-million dollar claims.

In the legal malpractice area, Mr. Fry has represented three of the nation’s largest law firms in actions alleging professional negligence and breach of fiduciary duty.

Mr. Fry has an active pro bono practice. In conjunction with several public interest groups, Mr. Fry led a team of Munger Tolles lawyers that obtained a $700 million settlement from the Social Security Administration for a class of people who were wrongfully denied government benefits. The firm was one of five awarded the National Law Journal’s 2009 Pro Bono Award for its work on the case and Mr. Fry received the Wiley W. Manuel Award for Pro Bono Services from the State Bar of California. Mr. Fry has previously represented homeless persons and prison inmates in pursuing civil rights claims.

Mr. Fry is the Immediate Past President of the Northern District of California chapter of the Federal Bar Association, the Treasurer and a member of the board of directors of the Law Center to Prevent Gun Violence, and a member of the Board of Directors of the National Senior Citizens Law Center.

Mr. Fry served as a lecturer in media law at the University of California at Berkeley School of Law in the 1998-1999 and 2000-2001 academic years.