Labaton Keller Sucharow LLP‘s Delaware office is home to ’a first-rate stockholder litigation practice‘ and clients note that the lawyers led by the highly esteemed Ned Weinberger ’identify good cases, discover the facts, and know the law as well as anyone on either side of the stockholder litigation bar‘. Weinberger, up-and-coming partner Mark Richardson, and newly promoted Brendan Sullivan are ’extremely hardworking and knowledgeable, have good judgement and are tremendous oral advocates‘. All three, along with Michael Wagner recently served as co-lead counsel in a consolidated class action brought by investors in Sears Hometown and Outlet Stores challenging the take-private of the company by controlling stockholders, principally Edward S. Lampert. The firm’s most recent flagship result for was the award of a $1bn as settlement from Dell in a class action arising from a $23.9bn transaction involving the conversion of Dell Class V Common Stock. Led by Weinberger, plaintiffs alleged that Dell’s controlling stockholders– Michael Dell and Silver Lake Group – breached their fiduciary duties and expropriated billions of dollars in value from Class V stockholders.
Testimonials
Collated independently by Legal 500 research team.
- 'Labaton has an extremely deep, knowledgeable and experienced bench of attorneys that is unmatched in the Delaware plaintiff's bar.'
- 'Ned Weinberger, Mark Richardson and Brendan Sullivan are extremely hardworking and knowledgeable, have good judgment and are tremendous oral advocates.'
- 'Ned Weinberger and his team have developed a first-rate stockholder litigation practice. They identify good cases, discover the facts, and know the law as well as anyone on either side of the stockholder litigation bar.'
- 'Ned Weinberger is the standout of the group. He has an unusually calm and effective demeanor for a high-stakes plaintiffs' lawyer. He manages to present his positions aggressively while sounding more scholarly in tone, and he never gets rattled or pushed off of his position.'
Key clients
- Steamfitters Local 449 Pension Plan
- Public Employees’ Retirement System of Mississippi
- Nantahala Capital Partners II Limited Partnership
- Massachusetts Laborers’ Pension Fund
- Cambridge Retirement System
- Employees’ Retirement System of Rhode Island
- Bricklayers Pension Fund of Western Pennsylvania
- Teamsters Local 443 Health Services & Insurance Plan
- Pembroke Pines Firefighters & Police Officers Pension Fund
- City of Warwick Retirement System
- Oklahoma Firefighters Pension & Retirement System
Work highlights
- Representing Steamfitters Local 449 Pension Plan, the firm achieved a $1bn cash settlement just weeks before trial. The settlement ends the dispute arising from a $23.9 billion conversion of Dell's Class V stock in a controversial 2018 deal.
- Representing Public Employees’ Retirement System of Mississippi, achieved a $79m partial settlement against former Columbia executives Robert Skaggs, Jr. and Stephen Smith, and TransCanada Corporation, now known as TC Energy. The action alleged that the July 1, 2016, acquisition of Columbia by TransCanada was unfair to Columbia stockholders and the product of breaches of fiduciary duty and aiding and abetting the same.
- Representing Employees’ Retirement System of Rhode Island, achieved a $30m settlement and new corporate governance and compliance terms, as well as the addition of two independent members to Guess Inc's board and formation of a diversity, equity and inclusion committee in a stockholder derivative action.
Lawyers
Practice head
The lawyer(s) leading their teams.
Ned Weinberger