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Labaton Keller Sucharow LLP
Department profile | Labaton Keller Sucharow LLP
Chancery: Mainly Plaintiff

About

Provided by Labaton Keller Sucharow LLP

Our breadth of experience in shareholder advocacy has also taken us to Delaware, where we press for corporate reform through our Wilmington office. These efforts have already earned us a string of enviable successes, including the recent historic $1 billion cash settlement, just weeks before trial, for former Dell stockholders—the largest recovery prior to judgment ever achieved in a fiduciary duty action in the Delaware Court of Chancery; $125 million settlement on behalf of former shareholders of Discovery Inc.; $123 million settlement plus corporate governance reforms in connection with Walmart’s prescription opioids business, which exacerbated the United States opioid epidemic; and a $100 million settlement challenging a self-interested acquisition of Pattern Energy Group Inc., among others.

Chambers Review

Provided by Chambers

Chancery: Mainly Plaintiff - Delaware

2
Band 2

What the Team is Known For

Labaton Keller Sucharow is a well-respected presence at the plaintiffs' Bar, with particular strength in derivative actions and M&A disputes. It is noted for its impressive representation of institutional investors. The firm offers additional capabilities in corporate governance and shareholder rights. It handles challenging matters including misuse of corporate assets, breach of fiduciary duty and excessive executive compensation.

Work Highlights

  • Labaton Keller Sucharow continued to act as co-lead counsel in a securities class action brought against Dell's controlling stockholders alleging breach of fiduciary duty in the course of a $14 billion share exchange transaction, achieving pre-trial settlement of $1 billion.

Strengths

Provided by Chambers

"Labaton is a tough adversary but always takes reasonable positions on behalf of its clients. The firm provides excellent service and responsiveness."

Chancery: Mainly Plaintiff respondent
USA

Notable Practitioners

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Ned Weinberger
1
Band 1
As head of Labaton Keller Sucharow's practice, Ned Weinberger typically acts for plaintiffs in derivative and class actions, and offers well-rounded knowledge of corporate governance disputes.
"Ned is one of the top chancery litigators in the country."
"He is very good at choosing both the cases to bring and the arguments to make, and he has always thought out what his positions are going to be and how he is going to support them."
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Ranked Lawyers at
Labaton Keller Sucharow LLP

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Delaware

Chancery: Mainly Plaintiff
1
Ned Weinberger
1
Band 1
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Members

Provided by Labaton Keller Sucharow LLP

Ira A Schochet

Mark Richardson

Ned Weinberger

Head of Department