What We Do

Equity represents investors in public companies and we specialize in suing corporate executives and controlling shareholders who try to profit at public investors’ expense. 

We named our firm “Equity” for three reasons.

  • Equity Means Ownership. We represent equity investors—the owners of the company whose interests well-paid corporate executives are supposed to represent, yet so rarely do.

  • Equity Means Alignment. Equity is the riskiest form of investment. And like the investors we represent, we have skin in the game that aligns our interests with those of our clients.

    We invest our own money in our clients’ cases. And we work on contingency for a percentage of the recovery that we obtain. We get paid only if we win and we get paid more only if we get more money for the shareholders we’re representing.

  • Equity Means Fairness. We work to level the playing field and provide ordinary investors with the same quality of representation available to corporate directors and officers. We litigate against the top corporate defense firms in the country. And we beat them.

    We also believe in fairness in our work. We have an equal number of women and men in our partnership. We believe that a diverse team is a better team and we’re committed to promoting equal opportunity for people who’ve traditionally been excluded or marginalized in corporate litigation.

    We also know how to help courts be creative to get to a fair result. Most of our cases are filed in the Delaware Court of Chancery, which describes itself as a “court of equity.” This means that the court has broad discretion to do whatever is necessary to achieve a fair result, whether that’s awarding money, transferring voting power, or blocking an unfair transaction. We use all of those tools to get results for our clients.

How We Do It.

Special-situations cases deal with unusual corporate decisions or transactions—like mergers, acquisitions, or recapitalizations—that can significantly change the value of the company or the rights of its investors. Special-situations cases are hard to win. The facts are complicated. The law is complicated. And the defendants will spend millions of dollars to hire elite defense lawyers and expert witnesses.

Equity has four key advantages that help maximize our clients’ chances of success:

  • We Know The Numbers. Lawyers often joke that they’re bad at math. Not us. Special-situations cases often boil down to understanding complex business deals or deciding how much a company’s stock is worth. The numbers really matter.

    The lawyers at Equity know how to build our own discounted cash flow models and we know how to break down the models created by defendants’ sophisticated investment bankers. We can—and do—go toe-to-toe with Goldman Sachs and expert witnesses from the Harvard Business School and expose the errors and weaknesses in their analyses.

  • We Know The Law. Most public companies choose to incorporate in Delaware and have corporate bylaws that force investors to come to the Delaware Court of Chancery if they want to sue corporate executives or controlling shareholders.

    The Court of Chancery is a very special kind of court. There are no juries in Chancery. Instead, the Court’s seven expert judges (one Chancellor and six Vice Chancellors) decide both the facts and the law. And because Chancery hears all of the most important corporate law cases, there’s a lot of complicated case law that the judges have to apply.

    For investors to win in Delaware, they need lawyers who know these cases backwards and forward. Equity’s attorneys are well-known for being experts in the details of Delaware law. We’re frequently consulted by other lawyers representing investors or legal journalists covering the field.

  • We Can Tell A Story. It’s not enough to be an expert in the facts and the law. None of that matters unless you can convince a judge that your client deserves to win and the other lawyer’s client deserves to lose. To do that, you have to tell a story.

    There’s lots of math and there’s lots of jargon but there should never be anything dry or technical or boring about corporate litigation. These are cases about greed, stealing, and lying.

    We know how to find the truth and explain it in clear, simple language that tells a compelling story.

  • We’re Trusted By Judges And Lawyers. There aren’t many people who do the work that we do. The same seven judges hear most of these cases. And the same lawyers represent a rotating cast of plaintiffs and defendants. In a small world, reputation matters.

    Equity’s lawyers have spent years building our reputation in this legal community. Defense lawyers know we’re not afraid to go the distance even if that means litigating a case for the better part of a decade. That leads to better settlements.

    And the judges know that Equity won’t bring frivolous cases. Equity investigates every case thoroughly and we’ll only sign our name on a complaint if we think a case has strong merit. The judges know that and it leads to better results.