Shareholder Rights and Corporate Governance

Practice Areas

Justice
Delivered

Berman Tabacco has provided FPPA with superior monitoring and evaluation services for years, offering careful and astute legal advice. In litigation, they are aggressive yet professional. FPPA always feels well represented with Berman Tabacco.

Kevin Lindahl
General Counsel
Fire and Police Pension Association of Colorado

The attorneys in Berman Tabacco’s Shareholder Rights and Corporate Governance (SRCG) Practice Group advise and represent institutional and individual investors regarding corporate governance practices, board accountability for alleged corporate wrongdoing, and challenges to unfair merger and acquisition transactions (M&A).

The SRCG group has extensive experience representing the firm’s stockholder clients and uses a variety of tools to advance their interests. Whether a books and records investigation, directorial demand, derivative litigation, injunctive action, or other strategy, the SRCG group carefully considers how best to advance its stockholder clients’ interests. When litigation is recommended, the firm is experienced in both class and derivative litigation to advance stockholder rights. The SRCG group has helped to shape the development of directorial oversight liability through its advocacy in important Delaware cases including:

Berman Tabacco’s SRCG clients have also achieved important corporate change and held individuals accountable for wrongdoing.  Some examples include:

  • Norfolk County Retirement System v. Smith (Sinclair Broadcast Group Derivative Action), No. 18-CV-03952 (D. MD.) (Settlement Amount: $25 million in recovery for the company, including personal contribution of $4.36 million in stock awards by controlling stockholder.  Corporate governance reforms including substantial controls over how the company interacts with its regulators and oversight over related-party transactions, creation of two new board committees, and hiring a Chief Compliance Officer.)
  • Oracle Cases, Judicial Council Coordination Proceeding, Special Title (Rule 1550(b)) No. 4180 (Cal. Super. Ct. San Mateo Cty.) (Settlement Amount: $122,000,000 (including $100,000,000 in charitable donations))

The attorneys in Berman Tabacco’s Shareholder Rights and Corporate Governance (SRCG) Practice Group advise and represent institutional and individual investors regarding corporate governance practices, board accountability for alleged corporate wrongdoing, and challenges to unfair merger and acquisition transactions (M&A).

The SRCG group has extensive experience representing the firm’s stockholder clients and uses a variety of tools to advance their interests. Whether a books and records investigation, directorial demand, derivative litigation, injunctive action, or other strategy, the SRCG group carefully considers how best to advance its stockholder clients’ interests. When litigation is recommended, the firm is experienced in both class and derivative litigation to advance stockholder rights. The SRCG group has helped to shape the development of directorial oversight liability through its advocacy in important Delaware cases including:

Berman Tabacco’s SRCG clients have also achieved important corporate change and held individuals accountable for wrongdoing.  Some examples include:

  • Norfolk County Retirement System v. Smith (Sinclair Broadcast Group Derivative Action), No. 18-CV-03952 (D. MD.) (Settlement Amount: $25 million in recovery for the company, including personal contribution of $4.36 million in stock awards by controlling stockholder.  Corporate governance reforms including substantial controls over how the company interacts with its regulators and oversight over related-party transactions, creation of two new board committees, and hiring a Chief Compliance Officer.)
  • Oracle Cases, Judicial Council Coordination Proceeding, Special Title (Rule 1550(b)) No. 4180 (Cal. Super. Ct. San Mateo Cty.) (Settlement Amount: $122,000,000 (including $100,000,000 in charitable donations))