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Beck, Norman
Lydon, Matthias
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Litigation
Securities Litigation
In re Lear Corp. Shareholder Litigation
Lear Corporation
We represented Lear Corporation in connection with several shareholder derivative actions in the Delaware Court of Chancery and elsewhere, which challenged the company’s proposed 2007 merger with an affiliate of Carl Icahn, then the company’s largest shareholder, in a transaction valued at approximately $5.3 billion. After months of expedited discovery, we were successful in defeating the plaintiffs’ request for a preliminary injunction, and allowing the merger to be voted on by the company’s shareholders.