Established 1963

Corporate Governance & Shareholder Rights Litigation

Labaton Keller Sucharow’s Corporate Governance and Shareholder Practice is at the forefront of pursuing M&A, derivative, and other shareholder actions.  The Firm has achieved lasting corporate governance reforms and monetary settlements for shareholders—a rarity in this type of litigation.  Our experience in shareholder advocacy is demonstrated by the range of claims we have litigated, from tainted multibillion dollar transactions to challenging the recent establishment of shareholder-unfriendly bylaws used as an emerging tactic to limit shareholder rights.  Labaton Keller Sucharow’s presence in Delaware, the nation’s principal forum for corporate law, is invaluable to our client’s goals of achieving real corporate reform.

On behalf of shareholders, we have challenged excessive executive compensation, improper interested-party transactions, misused corporate assets, and breaches of fiduciary duties related to violations of the Foreign Corrupt Practices Act (FCPA) and Drug Enforcement Administration (DEA) policies.

Labaton Keller Sucharow monitors for excessive corporate perquisites and executive compensation, which may harm public companies and their shareholders.  For example, the Firm has negotiated with several large public corporations to institute corporate policies related to the use of corporate jets.  Through serving confidential books and records demands, we were able to challenge the abuse of such corporate perks and negotiate with boards of directors to institute or improve policies and transparency regarding personal use of corporate jets.  The Firm worked with corporate governance experts to create proposals regarding corporate policy language that optimally would safeguard the interests of shareholders.

Notably, we secured the historic $1 billion cash settlement three weeks before trial in In re Dell Technologies Inc. Class V Stockholders Litigation.  This $1 billion recovery currently stands as the largest shareholder settlement ever in any state court in America and the 17th largest shareholder settlement of all time in federal and state court.