Richard S. Davis

Partner

Overview

Richard Davis has practiced complex commercial litigation for more than 30 years. He is a member of the firm's Securities Enforcement & Litigation; Consumer Law, Finance & Class Action; and Business Litigation & Dispute Resolution Practices. He also has extensive experience in health care, distribution and franchise, and hospitality matters.

Prior to joining Foley & Lardner, Mr. Davis was a litigation partner with the Chicago office of Rudnick & Wolfe, a predecessor firm to DLA Piper. From 1994 to 2006, he worked in Foley’s former West Palm Beach office. Mr. Davis, who resides in Boca Raton, maintains an active practice throughout South Florida, as well as elsewhere in the state.

Representative Experience

  • Won dismissal, with prejudice, of a multi-million dollar consumer class action lawsuit alleging that a real estate developer wrongfully required purchasers to buy title insurance. (U.S. District Court, Miami)
  • Won judgment as a matter of law (directed verdict) on the fourth day of a jury trial for an investment company client. The client’s former chief operating officer sought more than $10 million in damages on Equal Pay Act and Title VII claims. (U.S. District Court, Orlando)
  • Won summary judgment, as co-counsel for a Fortune 50 company, in a lawsuit alleging breach of contract and fraud claims related to the company’s alleged failure to contribute $7 million to a start-up technology venture. (U.S. District Court, West Palm Beach)
  • Won dismissal of two underwriting firms from a securities fraud class action lawsuit arising from a public company’s $20 million initial public offering. (U.S. District Court, Miami) 
  • Won dismissal of a former investment advisor to Miami-Dade County from a tortious interference lawsuit brought by one of the County’s former bond underwriting firms. (U.S. District Court, Miami)
  • Obtained dismissal for a Fortune 50 company of four lawsuits filed by a health care provider alleging underpayment by a health insurance plan provider. (U.S. District Court, West Palm Beach, and Circuit Court, West Palm Beach)
  • Obtained dismissal of a defamation action, for a Fortune 50 company, for 0.01% of $3 million in claimed damages by the plaintiff’s acceptance of an Offer of Judgment. (Circuit Court, Tavernier/Key Largo)
  • Won summary judgment, as co-counsel for a Fortune 50 company, of a seven figure lawsuit alleging defamation and tortious interference claims. (Circuit Court, Orlando)
  • Won a seven figure arbitration award against a public company for its failure to timely process a former director’s exercise of stock options. (Private arbitration, Orlando) 
  • Successfully settled, on behalf of a public company and its directors, a securities fraud class action lawsuit arising from the company’s $37 million initial public offering. (U.S. District Court, Tampa)
  • Represented a public company and its directors in seven class action lawsuits seeking to enjoin a $200+ million acquisition of the company’s stock. (U.S. District Court, Tampa, and Circuit Court, St. Petersburg)
  • Successfully settled various litigation asserting claims for breaches of stock purchase, asset acquisition and shareholder agreements; breaches of franchise agreements; breaches of non-competition agreements; misappropriation of trade secrets; and trademark infringement.

Publications

  • "Supreme Court Rejects Tolling Argument for Nonnamed Class Members’ Section 11 Claims,” The National Law Review (June 26, 2017)
  • “Florida Class Action Case Law Aligns With Comcast Ruling,” Law360 (Appellate, Class Action, Consumer Protection, Florida) (November 25, 2014)
  • “Mum's The Word on Fla.'s Muddled Commonality Standard,” Law360 (Appellate, Class Action, Consumer Protection, Florida) (November 5, 2014)
  • “Three Major Supreme Court Decisions on the 1934 Act During 2011,” Legal News: Securities Enforcement & Litigation (November 28, 2011) 

Education

Mr. Davis graduated from the Northwestern University Law School in 1984, where he served on the editorial board of the Journal of Criminal Law and Criminology. He received his bachelor's degree in journalism, with honors, from Northwestern University in 1981.

Community Involvement

Mr. Davis is a former member of the boards of Junior Achievement of the Palm Beaches, and the Young Adult Division of the Jewish Federation of South Palm Beach County. While resident in Chicago, he served as a tutor in the Fourth Presbyterian Church program for disadvantaged youth; as a mentor in the Brandeis University Career Beginnings program; and as a volunteer in the Chicago Sun-Times Homework Hotline program. 
 

Recognition

Mr. Davis has been Peer Review Rated as AV® Preeminent™, the highest performance rating in Martindale-Hubbell's peer review rating system.