Laura E. Krabill

Partner

krabilll@ballardspahr.com
Tel 215.864.8848
Fax 215.864.9756
Philadelphia

Laura E. Krabill concentrates on complex commercial matters, including securities fraud class action litigation, shareholder derivative actions, ERISA stock drop class actions, consumer fraud class actions, investigations and enforcement actions brought by federal regulators, and other securities, contract, and commercial tort cases.

Laura is particularly well known for her representation of clients in litigation arising from subprime mortgage securitizations and other CDOs. She has substantial experience with matters involving the value of certificates in securitizations, the interpretation of the governing agreements controlling securitization transactions, and reporting requirements for securitizations.

Recently, Laura obtained judgment on the pleadings for clients who owned senior certificates in a subprime mortgage securitization, resulting in the distribution of more than $150 million to senior certificate holders. That ruling was affirmed by the Second Circuit. She also successfully defended a national bank against claims of fraud and negligent misrepresentation brought by the buyer of its nearly $2 billion securitized mortgage portfolio. The plaintiff in that action had sought nearly $90 million in damages.

Laura successfully defended officers of a defunct subprime securitizer against claims of fraud brought by the bankruptcy trustee. The case was one of the first lawsuits brought in the wake of the subprime mortgage collapse. Since 2001, she has represented an early subprime mortgage securitizer in multiple cases involving the sale of its mortgage business as well as in claims by other originators who participated in its “piggy back” securitization program.

Laura has significant experience and an impressive track record in the handling of high-profile merger litigation matters. She has successfully defended numerous companies and their boards of directors against injunctions asserting breaches of fiduciary duty and proxy violations in connection with proposed corporate mergers. She has written extensively on the issue for national publications.

Laura represents directors and officers, banks and other financial institutions, investors, corporations, broker-dealers, and investment banks. Her clients range from publicly traded Fortune 100 corporations to privately held investment concerns. In addition, Laura is a licensed patent lawyer. Before entering law school, she worked as an engineer at IBM in Research Triangle Park, North Carolina.

Representative Matters

  • Clark v. Comcast, 2008 WL 3930560 (E.D. Pa. Aug. 25, 2008) – dismissal of securities fraud class action claims brought against client
  • Mulligan v. QVC, 382 Ill. App. 3d 620, 888 N.E.2d 1190 (2008) – affirming summary judgment and denial of class certification in consumer fraud claims against client
  • Goodrich & Pennington Mortg. Fund, Inc. v. Advanta Mortg. Corp., 2007 WL 4385225 (Cal. App. 1 Dist. Dec. 17, 2007) (unpub.) – affirming judgment confirming arbitration award, including award of attorneys' fees in favor of client
  • McCullough v. Goodrich & Pennington Mortg. Fund, Inc., et al., 373 S.C. 43, 644 S.E.2d 43 (2007) – answering certified question on existence of cause of action for negligent impairment of collateral resulting in dismissal of federal court action against client
  • Delaware River Port Authority v. Fraternal Order of Police, 135 F. Supp. 2d 596 (E.D. Pa. 2001), rev’d, 290 F.3d 567 (3d Cir. 2002) – summary judgment granted in favor of client based on U.S. Constitution Compact Clause analysis; reversed based on collateral estoppel
  • Merit v. Feuer, 201 F.R.D. 382 (E.D. Pa. 2001) – granting motion to compel in favor of client and ruling on the proper designation of documents as highly confidential subject to attorneys' eyes-only inspection
  • Tucker v. Fishbein, 237 F.3d 275 (3d Cir. 2001) – affirming judgment in favor of client, a major news magazine, on libel claims made by a public figure
  • In re: Advanta Corp. Securities Litig., 180 F.3d 525 (3d Cir. 1999) – motion to dismiss granted in favor of client and affirmed in a case of first impression in the Third Circuit Court of Appeals on the pleading standard of the 1995 Private Securities Litigation Reform Act

Professional Activities

American Bar Association

Pennsylvania Bar Association

American Inns of Court

Ballard Spahr's Diversity and Inclusion Council

Law and Policy in International Business Journal, pastStaff Member

Recognition & Accomplishments

The Best Lawyers in America, commercial litigation, intellectual property litigation, patent litigation, and securities litigation, 2011-2020

Selected as one of The Legal Intelligencer's "Diverse Attorneys of the Year," 2013

Publications

Co-author, "Damage in ERISA Stock Drop Cases: Drop Preconceived Notions," Bloomberg BNA Benefit Practitioners' Strategy Guide, February 2015

Co-author, "Pennsylvania's Strong Protections for Corporate Boards," Insights Magazine: Corporate Governance, February 2012

Co-author, "Crouching Tiger, Hidden Fraud," Financial Fraud Law Report, September 2011

Co-author, "Fraud Prevalent in Reverse Merger Companies with Operations in China," BoardMember.com, July 8, 2011

Co-author, "SEC Issues Investor Bulletin about 'Reverse Merger' Companies," Ballard Spahr Securities Alert, June 14, 2011

Co-author, "Drop Preconceived Notions: Outlook on Damage in ERISA Stock Drop Cases," Pension & Benefits Daily, June 22, 2010, and July 26, 2011


Georgetown University Law Center (J.D., cum laude, 1995)

North Carolina State University (B.S., summa cum laude, electrical and computer engineering 1991)

North Carolina

Pennsylvania

U.S. District Court for the Eastern District of Pennsylvania

U.S. Court of Appeals for the Third Circuit

U.S. Patent Bar