Chancery: Mainly Plaintiff
USA Guide 2024 : Delaware
Band 1
About
Provided by Bernstein Litowitz Berger & Grossmann LLP
BLB&G is the preeminent law firm prosecuting corporate governance and shareholder rights cases in the Delaware Court of Chancery. BLB&G's Corporate Governance department advises and represents clients that wish to exercise a more assertive voice with corporate boards regarding governance and accountability to shareholders. The department specializes in prosecuting fiduciary duty actions against boards of directors, senior executives, and controlling shareholders who engage in corporate misconduct.
BLB&G was among the first law firms ever to obtain meaningful corporate governance reforms through litigation and has consistently used governance litigation to assist clients in protecting their investments for their beneficiaries. One of BLB&G’s five national offices is in Delaware, where many cases involving mergers and acquisitions, board oversight, and shareholder voting rights are litigated.
The firm's capabilities in this area are exemplified by landmark cases that have achieved substantial financial recoveries and corporate governance reforms. Recent highlights include securing a historic corporate governance trial victory in Delaware Chancery Court rescinding Elon Musk’s $55 billion Tesla compensation package and securing a $350 million post-trial judgment against TC Energy in connection with TC Energy’s acquisition of Columbia Pipeline Group—the largest shareholder verdict involving Revlon claims in history.
BLB&G's Delaware office is headed by Partner Greg Varallo.
Chambers Review
Bernstein Litowitz Berger & Grossmann is an accomplished group noted for its wealth of knowledge representing plaintiffs in fiduciary duty actions. The firm has additional depth advising on corporate governance matters for investment groups. It also regularly advises on securities claims.
Work Highlights
- Bernstein Litowitz Berger & Grossman successfully represented a class of former stockholders of Columbia Pipeline Groupin connection with the sale of the company to TransCanada, which alleged breach of fiduciary duties on the part of former Columbia senior figures and aiding and abetting on the part of TransCanada.
Strengths
Provided by Chambers
"It's a leading plaintiffs' law firm and does a ton of top-quality work in Delaware."
"The team is responsive. They work really hard and their bench strength strength is great."
"One of the best plaintiff-side firms in this area, without question."
"It's a leading plaintiffs' law firm and does a ton of top-quality work in Delaware."
"The team is responsive. They work really hard and their bench strength strength is great."
"One of the best plaintiff-side firms in this area, without question."
Notable Practitioners
Gregory Varallo is a respected litigator active on behalf of plaintiff clients in a range of corporate disputes. He acts across matters including derivative actions and fiduciary duty concerns.
"He is thoughtful and an excellent advocate."
"Gregory is a tenacious, passionate, excellent trial lawyer who sees the bigger picture and can bring together facts in a compelling narrative."
"He's a vigorous advocate."
Ranked Lawyers at
Bernstein Litowitz Berger & Grossmann LLP
Delaware
Members
Provided by Bernstein Litowitz Berger & Grossmann LLP
Andrew Blumberg
Christopher Orrico
Edward Timlin
Head of Department
Jeroen van Kwawegen
Head of Department
Thomas James