Successfully obtained specific performance in a proxy contest settlement agreement in Delaware Chancery Court on behalf of Sarissa Capital Management against pharmaceutical company Innoviva Inc. This first-of-its-kind post-trial opinion ordered pharmaceutical company Innoviva Inc. to add two nominees from Sarissa to the company’s board of directors after finding Innoviva entered into a binding oral agreement to settle the proxy contest, and then reneged on its earlier deal.

Landmark victory in the New York Court of Appeals, which ruled that the business judgment standard of review, not entire fairness, applies to going-private transactions involving controlling shareholders. This case establishes important precedent for future corporate transactions, and provides a roadmap to corporate attorneys structuring going-private transactions involving controlling shareholders under New York law. 

Willkie is co-counsel for Facebook, Inc. in multidistrict litigation involving more than 40 securities and derivative lawsuits filed against the company, its officers and directors, and the underwriters in connection with Facebook’s initial public offering.  Thus far, Willkie has obtained several critical victories for Facebook and its directors and officers, including dismissal of six shareholder derivative actions on threshold non-merits issues of justiciability before subject matter jurisdiction in important decisions for multi-party, multi-forum litigation.

Obtained dismissals on behalf of all major U.S. and foreign underwriters in major securities litigation involving a $12 billion offering of GE stock.

Retained after liability was decided, to try damages phase in which clients faced $75 trillion in damage claims.  After successful pre-trial and trial proceedings, including a blistering cross examination of plaintiffs’ lead witness that received significant press attention, obtained extremely favorable settlement of $105 million.

Won dismissal of purported class action claims asserting that Bloomberg, L.P. had engaged in a pattern of discrimination against women who were pregnant and took maternity leave.  In a highly publicized ruling, the court found that the EEOC failed “to demonstrate that discrimination was Bloomberg’s standard operating procedure” because “J’accuse! is not enough in court.  Evidence is required.”

Won dismissal of a $200 million Florida RICO action against Alcatel-Lucent that grew out of a Foreign Corrupt Practices Act investigation and settlement with the U.S. government, which was also handled by the firm’s litigation practice.

Successfully represented Marsh & McLennan, the world’s largest insurance broker, in multidistrict class action and individual policyholder litigation arising out of the New York Attorney General’s investigation of the insurance industry.