Corporate Governance Litigation

Enhancing Shareowner Value

Pomerantz is committed to holding companies to high standards of corporate responsibility. Through its Corporate Governance Litigation practice, Pomerantz drives meaningful corporate reform through litigation, ensuring boards are held accountable when they fail to act in the best interests of shareholders or the company itself.

Led by Partner Gustavo F. Bruckner, Pomerantz’s Corporate Governance team challenges unfair corporate deals, conflicted transactions, and breakdowns in board oversight. The Firm is dedicated to achieving structural reforms while also securing real dollars for companies that were harmed by misconduct. When directors and insiders breach their duties, the team takes action to correct it and restore value.

Over the years, Pomerantz’s work has helped shape key legal standards in corporate governance.

● In re Qurate Retail, Inc. Derivative Litigation, we secured the reinstatement of a $150 million call right and implemented governance safeguards, strengthening limits on insider control.
● In Stein v. DeBoer, we achieved reforms at Lithia Motors after challenging a conflicted retirement agreement, reinforcing the board’s duty to act independently.
● In re Lordstown Motors Corp. Stockholders Litigation, we challenged the 2020 merger between SPAC DiamondPeak Holdings Corp. and Lordstown Motors Corp. and secured a $15.5 million recovery for DiamondPeak’s public stockholders.
● In re Becton, Dickinson and Company Stockholder Derivative Litigation, we prosecuted a stockholder derivative action that culminated in a $9 million payment to Beckton Dickinson and substantial governance reforms.

These outcomes demonstrate Pomerantz’s commitment to upholding accountability and preserving long-term value for the companies and shareholders Pomerantz represents.