Fried, Frank, Harris, Shriver & Jacobson LLP New York-based M&A litigation team represents banks, private equity houses and a raft of other defendants in claims brought in Delaware and the federal courts by shareholders in relation to acquisitions, SPAC transactions and corporate governance concerns. Heading the team are Scott Luftglass and Peter Simmons, who their offer clients expertise in taking on shareholder class actions, derivative suits and activist investors. Luftglass is currently defending Lazard against claims that, in its role as financial advisor, it aided and abetted Opiant officers in breaching fiduciary duties in the company’s acquisition by Indivior. Michael Sternheim, who in addition to representing clients in transactions-based litigation, handles a variety of internal and government investigations, frequently works alongside Luftglass on matters, including on a number of stockholder actions facing Apollo Global Management, alleging breach of fiduciary duties by its board and founders.
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Key clients

  • Apollo Global Management
  • Clover Health Investments, Corp
  • Lazard
  • Compagnie Maritime Belge

Work highlights

  • Represented Apollo Global Management and several members of Apollo’s board of directors in a shareholder derivative action in the Delaware Court of Chancery, filed by an Apollo stockholder.
  • Defended Apollo against a lawsuit challenging several provisions in the 2022 shareholders' agreement between the Company and its founders.
  • Advised Clover Health in connection with the resolution of shareholder class actions and derivative actions relating to a short-seller’s report and the de-SPAC transaction that resulted in the creation of Clover Health as a publicly traded company.

Lawyers

Leading partners

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Practice head

Scott Luftglass; Peter Simmons

Other key lawyers

Michael Sternheim