Labaton Keller Sucharow LLP has a strong record before both the Delaware Court of Chancery and Delaware Supreme Court, assisting pension funds in recovering damages incurred as a result of failures of corporate governance, securities fraud and other merger-related issues. Practice head Ned Weinberger represents individual and classes of shareholders across both transaction and governance-related disputes, and achieved a high profile success for The Ontario Provincial Council of Carpenters’ Pension Trust Fund in securing both a $123m settlement and a promise from Walmart to reform its governance practices following failures in its management of its prescription opioid business. Mark Richardson and Brendan Sullivan both offer considerable experience in handling class actions arising out of mergers and ineffective governance structures; both worked on the Walmart matter alongside Weinberger and also appeared alongside him for the Bricklayers Pension Fund of Western Pennsylvania, for which they achieved a $125m settlement arising from the actions of a fellow Discover shareholder in relation to the Discovery – WarnerMedia merger. All lawyers mentioned are based in Wilmington.
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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
  • Boston Retirement System
  • Wayne County Employees Retirement System
  • Denver Employees Retirement System

Work highlights

  • Represented the Bricklayers Pension Fund of Western Pennsylvania as a former shareholder of Discovery, Inc. in connection with Discovery’s purchase of WarnerMedia, achieving a $125m settlement.
  • Secured a $123m settlement and governance reforms for The Ontario Provincial Council of Carpenters' Pension Trust Fund in a dispute with Walmart Inc. over its prescription opioid business.

Lawyers

Leading partners

The strongest partners in their field, leading on market-leading deals and endorsed by peers and clients alike.

Practice head

Ned Weinberger

Other key lawyers

Mark Richardson; Brendan Sullivan