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David J. Berger
Partner
Litigation
Palo Alto
San Francisco
dberger@wsgr.com

D650-320-4901

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  • Corporate Governance and Activism Expertise

    David represents directors, enterprises, and stockholders with respect to fiduciary duty and corporate control issues.

  • Trial and Appellate Litigation Experience

    David has served as lead trial and/or appellate counsel in high-profile M&A and securities cases.

  • Respected Among Corporate Governance Colleagues

    He is the president of the American College of Governance Counsel and has been honored as a "BTI Client Service All-Star."

  • Business and Community Leadership Roles

    David serves as a director on several business and community organization boards, including the Long Term Stock Exchange, the San Francisco Symphony, and the Wildlife Conservation Network.

David Berger’s practice is an unusual blend of corporate governance advisory work and litigation, and he is nationally recognized for his expertise in both the boardroom and the courtroom. David advises business leaders on all aspects of complex M&A, governance, and litigation matters, both across the country and internationally, and he has served as lead counsel on many of the most novel such matters over the last 25 years.

David is president of the American College of Governance Counsel. He also serves as an advisor to the American Law Institute’s Restatement on Corporate Governance project and is co-chair for the Annual Rome Conference on AI, Ethics and Governance.

David is a senior fellow at both NYU’s Institute for Corporate Finance & Governance and Stanford’s Rock Center for Corporate Governance. He has taught M&A Litigation at both Harvard and NYU law schools and has been a visiting lecturer at a number of other leading law schools, including Duke, Stanford, Tel Aviv University, and LUISS University in Rome. David writes and speaks frequently on corporate law and governance matters, and his articles have appeared in a number of scholarly journals and business publications.

David has been at Wilson Sonsini since 1989. Among other leadership roles, he has been a member of the firm’s board of directors, served as chair of the Policy Committee and chair of the Pro Bono Committee, and is a long-time board member of the firm’s venture capital fund.

David is a director of the Long-Term Stock Exchange, where he chairs the Nominating & Governance Committee, and previously served on the board of directors of the California Culinary Academy (NASDAQ:COOK). He also serves on many civic boards and has an active pro bono practice.

Experience

David Berger’s practice is an unusual blend of corporate governance advisory work and litigation, and he is nationally recognized for his expertise in both the boardroom and the courtroom. David advises business leaders on all aspects of complex M&A, governance, and litigation matters, both across the country and internationally, and he has served as lead counsel on many of the most novel such matters over the last 25 years.

David is president of the American College of Governance Counsel. He also serves as an advisor to the American Law Institute’s Restatement on Corporate Governance project and is co-chair for the Annual Rome Conference on AI, Ethics and Governance.

David is a senior fellow at both NYU’s Institute for Corporate Finance & Governance and Stanford’s Rock Center for Corporate Governance. He has taught M&A Litigation at both Harvard and NYU law schools and has been a visiting lecturer at a number of other leading law schools, including Duke, Stanford, Tel Aviv University, and LUISS University in Rome. David writes and speaks frequently on corporate law and governance matters, and his articles have appeared in a number of scholarly journals and business publications.

David has been at Wilson Sonsini since 1989. Among other leadership roles, he has been a member of the firm’s board of directors, served as chair of the Policy Committee and chair of the Pro Bono Committee, and is a long-time board member of the firm’s venture capital fund.

David is a director of the Long-Term Stock Exchange, where he chairs the Nominating & Governance Committee, and previously served on the board of directors of the California Culinary Academy (NASDAQ:COOK). He also serves on many civic boards and has an active pro bono practice.

Education
  • J.D., Duke University School of Law, 1987
  • B.A., History, Duke University, 1982Magna Cum Laude
Associations and Memberships
  • Director, Long Term Stock Exchange
  • Director, San Francisco Symphony
  • Director, Wildlife Conservation Network
  • Member, Board of Advisors, Aspen Institute Business and Society Program
  • Member, The American Law Institute
Honors
  • Honored as a "BTI Client Service All-Star"
  • Repeatedly selected for inclusion in the Best Lawyers in America
  • Named as president of the American College of Governance Counsel
  • Repeatedly named in Northern California Super Lawyers
Admissions
  • State Bar of California
  • State Bar of New York
Credentials
Education
  • J.D., Duke University School of Law, 1987
  • B.A., History, Duke University, 1982Magna Cum Laude
Associations and Memberships
  • Director, Long Term Stock Exchange
  • Director, San Francisco Symphony
  • Director, Wildlife Conservation Network
  • Member, Board of Advisors, Aspen Institute Business and Society Program
  • Member, The American Law Institute
Honors
  • Honored as a "BTI Client Service All-Star"
  • Repeatedly selected for inclusion in the Best Lawyers in America
  • Named as president of the American College of Governance Counsel
  • Repeatedly named in Northern California Super Lawyers
Admissions
  • State Bar of California
  • State Bar of New York

Select Clients

  • Alphabet (formerly Google)
  • Box
  • Coherent
  • Copart
  • DropBox
  • Francisco Partners
  • Genentech
  • Hewlett-Packard
  • Lumentum
  • Lyft
  • Nasdaq
  • New York Stock Exchange
  • Oak Hill Capital Partners
  • Silver Lake Partners
  • TDAmeritrade
  • Twitter
  • WeWork
Clients

Select Clients

  • Alphabet (formerly Google)
  • Box
  • Coherent
  • Copart
  • DropBox
  • Francisco Partners
  • Genentech
  • Hewlett-Packard
  • Lumentum
  • Lyft
  • Nasdaq
  • New York Stock Exchange
  • Oak Hill Capital Partners
  • Silver Lake Partners
  • TDAmeritrade
  • Twitter
  • WeWork

Select Publications

  • Co-author with P. Matera, "Performance Leads Governance: A Comment on Professor Tallarita's Dual Class Analysis," Journal of Corporation Law Digital, May 12, 2025
  • Co-author with J. Fisch and S. Davidoff Solomon, “Extending Dual-Class Stock: A Proposal,” 25(1) Theoretical Inquiries in Law 23-41, 2024

  • Co-author with W. Chandler and A. Simmerman, "Delaware’s Status as the Favored Corporate Home: Reflections and Considerations," Harvard Law School Forum on Corporate Governance, May 8, 2024
  • Co-author with S.D. Solomon, "A Blueprint for University Governance," Harvard Law School Forum on Corporate Governance, January 3, 2024

  • Co-author with J. Morley and A. Simmerman, "Anthropic Long-Term Benefit Trust," Harvard Law School Forum on Corporate Governance, October 28, 2023
  • Co-author with A. Simmerman and R. Greecher, "Drag-Along Provisions and Covenants Not to Sue in the Private Company M&A Context," Harvard Law School Forum on Corporate Governance, June 10, 2023

  • Co-author with J. Fisch and S.D. Solomon, “Extending Dual Class Stock: A Proposal,” Harvard Law School Forum on Corporate Governance, April 24, 2023

  • Co-author with David H. Webber and Beth Young, “The Liability Trap: Why the ALEC Anti-ESG Bills Create a Legal Quagmire for Fiduciaries Connected with Public Pensions," Harvard Law School Forum on Corporate Governance, February 27, 2023
  • Contributor, "Modern Principles for Sensible and Effective Executive Pay," The Aspen Institute, September 2020
  • Contributor, “The Next Move: 10 Ways to Bring Stakeholder Capitalism into Practice,” The Aspen Institute Blog, August 24, 2020
  • Co-author, "Federal Forum Selection Charter Provisions Validated by Delaware Supreme Court," Harvard Law School Forum on Corporate Governance and Financial Regulation, March 22, 2020
  • “Shareholder Activism 2020 – What to Expect and How to Prepare,” San Francisco Daily Journal, January 21, 2020
  • Co-author, "Judicial Deference on Executive Compensation Decisions and Section 220 Demands," Harvard Law School Forum on Corporate Governance and Financial Regulation, November 19, 2019
  • Co-author with A. Simmerman, "Response to CII Proposal to Amend DGCL," Harvard Law School Forum on Corporate Governance and Financial Regulation, October 4, 2019
  • "Reconsidering Stockholder Primacy in an Era of Corporate Purpose," The Business Lawyer, Vol. 74, No. 3, Summer 2019
  • Co-author, "Fiduciary Violations in Sale of Company," Harvard Law School Forum on Corporate Governance and Financial Regulation, July 9, 2019
  • "What's the Problem with Dual Class Stock? A Brief Response to Professors Bebchuk and Kastiel," Harvard Law School Forum on Corporate Governance and Financial Regulation, April 17, 2019
  • "Why 'Sunset' Provisions for Dual Class Stock Are Not the Answer," The CLS Blue Sky Blog, March 29, 2019
  • "Reconsidering Stockholder Primacy in an Era of Corporate Purpose," The Harvard Forum on Corporate Governance and Financial Regulation (also available on SSRN here), March 4, 2019
  • Co-author with A. Simmerman and N. Emeritz, "Implementation of MFW Standard in New York," The Harvard Forum on Corporate Governance and Financial Regulation, June 12, 2018
  • Co-author with A. Simmerman and A. Broderick, "Non-Delaware Decisions on Director Nominations," The Harvard Forum on Corporate Governance and Financial Regulation, May 18, 2018
  • Co-author, "Are Dual-Class Companies Harmful to Stockholders? A Preliminary Review of the Evidence," The Harvard Forum on Corporate Governance and Financial Regulation, April 15, 2018
  • "Why Dual-Class Stock: A Brief Response to Commissioners Jackson and Stein," The Harvard Forum on Corporate Governance and Financial Regulation, February 22, 2018
  • Co-author with B. Sorrels and P. Sumpter, "Delaware Court Ruling on Trading Price and Fair Value Appraisal," The Harvard Forum on Corporate Governance and Financial Regulation, February 21, 2018
  • "Delaware Court Ruling on Dual-Class Recapitalization Involving Controlling Stockholders," The Harvard Forum on Corporate Governance and Financial Regulation, January 8, 2018
  • Co-author with B. Sorrels and K. Henderson, "Analysis of Section 220 Demand Request," The Harvard Forum on Corporate Governance and Financial Regulation, November 28, 2017
  • "In Search of Lost Time: What if Delaware Had Not Adopted Shareholder Primacy?" The Harvard Forum on Corporate Governance and Financial Regulation, 2017
  • Co-author with S. Bochner and L. Sonsini, "Dual-Class Stock and Private Ordering: A System That Works," The Harvard Forum on Corporate Governance and Financial Regulation, May 24, 2017
  • Co-author with S. Davidoff Solomon and A.J. Benjamin, "Tenure Voting and the U.S. Public Company," The Business Lawyer, Vol. 72, No. 2, Spring 2017
  • "Int'l Brotherhood—Reduction of Merger Litigation Risk by Massachusetts Supreme Court," The Harvard Forum on Corporate Governance and Financial Regulation, March 30, 2017
  • "The 'Corporate Governance Misalignment' Problem," The Harvard Forum on Corporate Governance and Financial Regulation, March 23, 2017
  • "The American Prosperity Project," The Harvard Forum on Corporate Governance and Financial Regulation, December 20, 2016
  • "Brexit May Spell Elephants' Extinction," The Mercury News, July 12, 2016
  • Co-author with S. Davidoff Solomon and A.J. Benjamin, "Tenure Voting and the U.S. Public Company," Social Science Research Network, March 1, 2016
  • "Delaware Enacts New Rapid Arbitration Act," The Harvard Forum on Corporate Governance and Financial Regulation, April 14, 2015
  • "The Next Wave of Proxy Access Proposals," The Harvard Forum on Corporate Governance and Financial Regulation, November 24, 2014
  • Co-author with B. Sorrels, "Developments in Forum Selection since Chevron and Thoughts for the Future," Insights, Vol. 28, No. 10, October 2014
  • "It's Critical to Review Board Conduct on Ex Ante Basis," Daily Journal, September 24, 2014
  • "Delaware Court Finds Two Transactions Not Entirely Fair," The Harvard Forum on Corporate Governance and Financial Regulation, September 18, 2014
  • "Delaware Court of Chancery Upholds Forum Selection Bylaw," The Harvard Forum on Corporate Governance and Financial Regulation, September 15, 2014
  • "Lessons from Mt. Holly: Leading Scholars Demonstrate Need for Disparate Impact Standard to Combat Implicit Bias," 11 Hastings Race and Poverty Law Journal 241, Summer 2014
  • "Delaware Court Endorses 'Fee-Shifting' Bylaw," The Harvard Forum on Corporate Governance and Financial Regulation, May 14, 2014
  • Co-author with W. Chandler, T. Cleary, S. Guggenheim, K. Henderson, M. Ringler, T. Montgomery, and A. Simmerman, "Financial Advisor Liable for Aiding and Abetting Breaches of Fiduciary Duty," Transaction Advisors, April 2014
  • "The Growth of Appraisal Litigation in Delaware," The Harvard Law School Forum on Corporate Governance and Financial Regulation, December 5, 2013
  • "Forum Selection Bylaws: The New Frontier," Deal Lawyers, Vol. 7, No. 5, September-October 2013
  • "Delaware Court of Chancery Upholds Trados Transaction as Entirely Fair," The Harvard Law School Forum on Corporate Governance and Financial Regulation, September 3, 2013
  • "Court Affirms Dismissal of Stockholder Complaint as Derivative Following Merger," The Harvard Law School Forum on Corporate Governance and Financial Regulation, August 26, 2013
  • Co-author with D. Clark, I. Salceda, and A. Kim, "Delaware Chancery Court Upholds Reasonableness of Board Strategy in Merger Transaction," The M&A Lawyer, Vol. 14, No. 9, October 2010
  • "NYSE Commission Report Defines Core Principles of Corporate Governance," The Harvard Law School Forum on Corporate Governance and Financial Regulation, October 7, 2010
  • "Delaware Chancery Court Upholds Adoption and Use of Poison Pill Triggered by Competitor's Acquisition of Stock," Wilson Sonsini Goodrich & Rosati Alert, March 5, 2010
  • Co-author with L. Chu, W. de Wied, and R. Ishii, "RiskMetrics Issues 2010 Updates to Corporate Governance Policy," Corporation, Vol. LXXXI, No. 1, January 4, 2010
  • Co-author with L. Chu and N. Morrison, "Delaware Court Applies Entire Fairness Standard of Review to a Sale to a Third Party When the Company Has a Controlling Shareholder," The M&A Lawyer, Vol. 13, No. 10, November/December 2009
  • Co-author with K.M. Murray, "As the Market Turns: Corporate Governance Litigation in an Age of Stockholder Activism ," NYU Journal of Law & Business, Vol. 5, No. 1, Spring 2009
  • "2009 Proxy Season Update II: Recent Changes in Delaware Law," Wilson Sonsini Goodrich & Rosati Alert, April 20, 2009
  • "2009 Proxy Season Update," Wilson Sonsini Goodrich & Rosati Alert, April 16, 2009
  • "Delaware Supreme Court Defines Limits of Revlon Duties in a Change of Control," Wilson Sonsini Goodrich & Rosati Alert, March 30, 2009
  • "Federal Court Allows Activist Stockholders to Vote Shares at Annual Meeting despite Failure to Comply with Disclosure Obligations of Federal Securities Laws," Wilson Sonsini Goodrich & Rosati Alert, June 19, 2008
  • "Delaware Chancery Court Allows Activist Stockholder to Nominate Director Candidates without Complying with Advance-Notice Provision of Bylaws," Wilson Sonsini Goodrich & Rosati Alert, April 16, 2008
  • "Delaware Chancery Court Issues a Trio of Opinions Reminding Boards and Corporate Counsel to Carefully Review Corporate Contracts and Documents," Wilson Sonsini Goodrich & Rosati Alert, April 9, 2008
  • Co-author with E. Saunders, "Delaware Chancery Court Upholds "Go-Shop" Provisions—But Enjoins Shareholder Votes Pending Supplemental Proxy Disclosures and Waiver of Standstill Agreement," Corporation, Vol. LXXVIII, No. 14, July 2007
  • Co-author with I. Salceda, "Chancery Court Decisions Limit Access to Corporate Records in Going-Private Transaction and Following Derivative Suit," Wall Street Lawyer, Vol. 10, No. 12, December 2006
  • Co-author with the Honorable Leo E. Strine, Jr., "Win Lose or Draw—Director Choice in a Litigious World," Duke Directors' College, March 2006
  • Co-author with T. Chaplick and R.G. Sterne, "United States: Directors' Responsibility for Intellectual Property in U.S. Corporations," IP Value 2006, Building and Enforcing Intellectual Property Value, 2006
  • "One Practitioner's Random Thoughts on Shareholders' Rights in the Modern Corporation," chapter in The Accountable Corporation, Volume 1, Greenwood Publishing, December 2005
  • "Inside the Minds: Corporate Governance Law," Aspatore Books
  • Co-author with A.T. Delmont, "The Good, The Bad and The Ugly: Director Risk in the Post-Enron World," Securities Litigation & Enforcement Institute, September 2005
  • "Delaware Vice Chancellor Strine Suggests Reform of a Delaware Common Law Regarding Fully Negotiable Going-Private Transactions," Wall Street Lawyer, August 2005
  • "What Did the Board Know?" Legal Times IP, July 2005
  • "Stormy Weather: The Enron and WorldCom Settlements Make Waves," D&O Advisor, Spring 2005
  • "Springboard to a Swan Dive? (Case Commentary: Should John Join Benchmark's Audit Committee?)," Harvard Business Review, February 2005
  • "Collecting Documents on an Expedited Basis -- Practical Guidelines," CGO Review, Vol. I, Issue 3, September 2004
  • "What the WorldCom and Enron Settlements Mean to You as an Outside Director," Wilson Sonsini Goodrich & Rosati Client Alert, January 10, 2005
  • "As the World Turns: The Changing View of the Director Defendant in Corporate Litigation," September 2004
  • "Creating an Effective Board," Global Corporate Governance Guide 2004: Best Practices in the Boardroom, 2004
  • "Increased Costs Discourage Many Companies from Going Public," Wall Street Lawyer Vol. 6 No. 12, 2003
  • "Recent Developments in State Court Derivative and Class Action Litigation: 'Evolving Expectations' or Revolutionary Changes in Delaware Law?"
  • "Recent Developments in State Court Derivative and Class Action Litigation: The Evolution ('Revolution?') in Delaware"

Select Speaking Engagements

  • Speaker, “What’s AI Got to Do with It - Should Companies Rethink their Corporate Governance Structure?” The L Suite Webinar, November 6, 2024
  • Panelist, "AI and Corporate Governance: Challenging Governance and Ethical Issues Raised by Powerful Technology," Wilson Sonsini webinar, December 12, 2023

  • Speaker, “Proxy Solicitation Reform: What Boards Should Know,” Inside America’s Boardrooms, August 5, 2020

Insights

Select Publications

  • Co-author with P. Matera, "Performance Leads Governance: A Comment on Professor Tallarita's Dual Class Analysis," Journal of Corporation Law Digital, May 12, 2025
  • Co-author with J. Fisch and S. Davidoff Solomon, “Extending Dual-Class Stock: A Proposal,” 25(1) Theoretical Inquiries in Law 23-41, 2024

  • Co-author with W. Chandler and A. Simmerman, "Delaware’s Status as the Favored Corporate Home: Reflections and Considerations," Harvard Law School Forum on Corporate Governance, May 8, 2024
  • Co-author with S.D. Solomon, "A Blueprint for University Governance," Harvard Law School Forum on Corporate Governance, January 3, 2024

  • Co-author with J. Morley and A. Simmerman, "Anthropic Long-Term Benefit Trust," Harvard Law School Forum on Corporate Governance, October 28, 2023
  • Co-author with A. Simmerman and R. Greecher, "Drag-Along Provisions and Covenants Not to Sue in the Private Company M&A Context," Harvard Law School Forum on Corporate Governance, June 10, 2023

  • Co-author with J. Fisch and S.D. Solomon, “Extending Dual Class Stock: A Proposal,” Harvard Law School Forum on Corporate Governance, April 24, 2023

  • Co-author with David H. Webber and Beth Young, “The Liability Trap: Why the ALEC Anti-ESG Bills Create a Legal Quagmire for Fiduciaries Connected with Public Pensions," Harvard Law School Forum on Corporate Governance, February 27, 2023
  • Contributor, "Modern Principles for Sensible and Effective Executive Pay," The Aspen Institute, September 2020
  • Contributor, “The Next Move: 10 Ways to Bring Stakeholder Capitalism into Practice,” The Aspen Institute Blog, August 24, 2020
  • Co-author, "Federal Forum Selection Charter Provisions Validated by Delaware Supreme Court," Harvard Law School Forum on Corporate Governance and Financial Regulation, March 22, 2020
  • “Shareholder Activism 2020 – What to Expect and How to Prepare,” San Francisco Daily Journal, January 21, 2020
  • Co-author, "Judicial Deference on Executive Compensation Decisions and Section 220 Demands," Harvard Law School Forum on Corporate Governance and Financial Regulation, November 19, 2019
  • Co-author with A. Simmerman, "Response to CII Proposal to Amend DGCL," Harvard Law School Forum on Corporate Governance and Financial Regulation, October 4, 2019
  • "Reconsidering Stockholder Primacy in an Era of Corporate Purpose," The Business Lawyer, Vol. 74, No. 3, Summer 2019
  • Co-author, "Fiduciary Violations in Sale of Company," Harvard Law School Forum on Corporate Governance and Financial Regulation, July 9, 2019
  • "What's the Problem with Dual Class Stock? A Brief Response to Professors Bebchuk and Kastiel," Harvard Law School Forum on Corporate Governance and Financial Regulation, April 17, 2019
  • "Why 'Sunset' Provisions for Dual Class Stock Are Not the Answer," The CLS Blue Sky Blog, March 29, 2019
  • "Reconsidering Stockholder Primacy in an Era of Corporate Purpose," The Harvard Forum on Corporate Governance and Financial Regulation (also available on SSRN here), March 4, 2019
  • Co-author with A. Simmerman and N. Emeritz, "Implementation of MFW Standard in New York," The Harvard Forum on Corporate Governance and Financial Regulation, June 12, 2018
  • Co-author with A. Simmerman and A. Broderick, "Non-Delaware Decisions on Director Nominations," The Harvard Forum on Corporate Governance and Financial Regulation, May 18, 2018
  • Co-author, "Are Dual-Class Companies Harmful to Stockholders? A Preliminary Review of the Evidence," The Harvard Forum on Corporate Governance and Financial Regulation, April 15, 2018
  • "Why Dual-Class Stock: A Brief Response to Commissioners Jackson and Stein," The Harvard Forum on Corporate Governance and Financial Regulation, February 22, 2018
  • Co-author with B. Sorrels and P. Sumpter, "Delaware Court Ruling on Trading Price and Fair Value Appraisal," The Harvard Forum on Corporate Governance and Financial Regulation, February 21, 2018
  • "Delaware Court Ruling on Dual-Class Recapitalization Involving Controlling Stockholders," The Harvard Forum on Corporate Governance and Financial Regulation, January 8, 2018
  • Co-author with B. Sorrels and K. Henderson, "Analysis of Section 220 Demand Request," The Harvard Forum on Corporate Governance and Financial Regulation, November 28, 2017
  • "In Search of Lost Time: What if Delaware Had Not Adopted Shareholder Primacy?" The Harvard Forum on Corporate Governance and Financial Regulation, 2017
  • Co-author with S. Bochner and L. Sonsini, "Dual-Class Stock and Private Ordering: A System That Works," The Harvard Forum on Corporate Governance and Financial Regulation, May 24, 2017
  • Co-author with S. Davidoff Solomon and A.J. Benjamin, "Tenure Voting and the U.S. Public Company," The Business Lawyer, Vol. 72, No. 2, Spring 2017
  • "Int'l Brotherhood—Reduction of Merger Litigation Risk by Massachusetts Supreme Court," The Harvard Forum on Corporate Governance and Financial Regulation, March 30, 2017
  • "The 'Corporate Governance Misalignment' Problem," The Harvard Forum on Corporate Governance and Financial Regulation, March 23, 2017
  • "The American Prosperity Project," The Harvard Forum on Corporate Governance and Financial Regulation, December 20, 2016
  • "Brexit May Spell Elephants' Extinction," The Mercury News, July 12, 2016
  • Co-author with S. Davidoff Solomon and A.J. Benjamin, "Tenure Voting and the U.S. Public Company," Social Science Research Network, March 1, 2016
  • "Delaware Enacts New Rapid Arbitration Act," The Harvard Forum on Corporate Governance and Financial Regulation, April 14, 2015
  • "The Next Wave of Proxy Access Proposals," The Harvard Forum on Corporate Governance and Financial Regulation, November 24, 2014
  • Co-author with B. Sorrels, "Developments in Forum Selection since Chevron and Thoughts for the Future," Insights, Vol. 28, No. 10, October 2014
  • "It's Critical to Review Board Conduct on Ex Ante Basis," Daily Journal, September 24, 2014
  • "Delaware Court Finds Two Transactions Not Entirely Fair," The Harvard Forum on Corporate Governance and Financial Regulation, September 18, 2014
  • "Delaware Court of Chancery Upholds Forum Selection Bylaw," The Harvard Forum on Corporate Governance and Financial Regulation, September 15, 2014
  • "Lessons from Mt. Holly: Leading Scholars Demonstrate Need for Disparate Impact Standard to Combat Implicit Bias," 11 Hastings Race and Poverty Law Journal 241, Summer 2014
  • "Delaware Court Endorses 'Fee-Shifting' Bylaw," The Harvard Forum on Corporate Governance and Financial Regulation, May 14, 2014
  • Co-author with W. Chandler, T. Cleary, S. Guggenheim, K. Henderson, M. Ringler, T. Montgomery, and A. Simmerman, "Financial Advisor Liable for Aiding and Abetting Breaches of Fiduciary Duty," Transaction Advisors, April 2014
  • "The Growth of Appraisal Litigation in Delaware," The Harvard Law School Forum on Corporate Governance and Financial Regulation, December 5, 2013
  • "Forum Selection Bylaws: The New Frontier," Deal Lawyers, Vol. 7, No. 5, September-October 2013
  • "Delaware Court of Chancery Upholds Trados Transaction as Entirely Fair," The Harvard Law School Forum on Corporate Governance and Financial Regulation, September 3, 2013
  • "Court Affirms Dismissal of Stockholder Complaint as Derivative Following Merger," The Harvard Law School Forum on Corporate Governance and Financial Regulation, August 26, 2013
  • Co-author with D. Clark, I. Salceda, and A. Kim, "Delaware Chancery Court Upholds Reasonableness of Board Strategy in Merger Transaction," The M&A Lawyer, Vol. 14, No. 9, October 2010
  • "NYSE Commission Report Defines Core Principles of Corporate Governance," The Harvard Law School Forum on Corporate Governance and Financial Regulation, October 7, 2010
  • "Delaware Chancery Court Upholds Adoption and Use of Poison Pill Triggered by Competitor's Acquisition of Stock," Wilson Sonsini Goodrich & Rosati Alert, March 5, 2010
  • Co-author with L. Chu, W. de Wied, and R. Ishii, "RiskMetrics Issues 2010 Updates to Corporate Governance Policy," Corporation, Vol. LXXXI, No. 1, January 4, 2010
  • Co-author with L. Chu and N. Morrison, "Delaware Court Applies Entire Fairness Standard of Review to a Sale to a Third Party When the Company Has a Controlling Shareholder," The M&A Lawyer, Vol. 13, No. 10, November/December 2009
  • Co-author with K.M. Murray, "As the Market Turns: Corporate Governance Litigation in an Age of Stockholder Activism ," NYU Journal of Law & Business, Vol. 5, No. 1, Spring 2009
  • "2009 Proxy Season Update II: Recent Changes in Delaware Law," Wilson Sonsini Goodrich & Rosati Alert, April 20, 2009
  • "2009 Proxy Season Update," Wilson Sonsini Goodrich & Rosati Alert, April 16, 2009
  • "Delaware Supreme Court Defines Limits of Revlon Duties in a Change of Control," Wilson Sonsini Goodrich & Rosati Alert, March 30, 2009
  • "Federal Court Allows Activist Stockholders to Vote Shares at Annual Meeting despite Failure to Comply with Disclosure Obligations of Federal Securities Laws," Wilson Sonsini Goodrich & Rosati Alert, June 19, 2008
  • "Delaware Chancery Court Allows Activist Stockholder to Nominate Director Candidates without Complying with Advance-Notice Provision of Bylaws," Wilson Sonsini Goodrich & Rosati Alert, April 16, 2008
  • "Delaware Chancery Court Issues a Trio of Opinions Reminding Boards and Corporate Counsel to Carefully Review Corporate Contracts and Documents," Wilson Sonsini Goodrich & Rosati Alert, April 9, 2008
  • Co-author with E. Saunders, "Delaware Chancery Court Upholds "Go-Shop" Provisions—But Enjoins Shareholder Votes Pending Supplemental Proxy Disclosures and Waiver of Standstill Agreement," Corporation, Vol. LXXVIII, No. 14, July 2007
  • Co-author with I. Salceda, "Chancery Court Decisions Limit Access to Corporate Records in Going-Private Transaction and Following Derivative Suit," Wall Street Lawyer, Vol. 10, No. 12, December 2006
  • Co-author with the Honorable Leo E. Strine, Jr., "Win Lose or Draw—Director Choice in a Litigious World," Duke Directors' College, March 2006
  • Co-author with T. Chaplick and R.G. Sterne, "United States: Directors' Responsibility for Intellectual Property in U.S. Corporations," IP Value 2006, Building and Enforcing Intellectual Property Value, 2006
  • "One Practitioner's Random Thoughts on Shareholders' Rights in the Modern Corporation," chapter in The Accountable Corporation, Volume 1, Greenwood Publishing, December 2005
  • "Inside the Minds: Corporate Governance Law," Aspatore Books
  • Co-author with A.T. Delmont, "The Good, The Bad and The Ugly: Director Risk in the Post-Enron World," Securities Litigation & Enforcement Institute, September 2005
  • "Delaware Vice Chancellor Strine Suggests Reform of a Delaware Common Law Regarding Fully Negotiable Going-Private Transactions," Wall Street Lawyer, August 2005
  • "What Did the Board Know?" Legal Times IP, July 2005
  • "Stormy Weather: The Enron and WorldCom Settlements Make Waves," D&O Advisor, Spring 2005
  • "Springboard to a Swan Dive? (Case Commentary: Should John Join Benchmark's Audit Committee?)," Harvard Business Review, February 2005
  • "Collecting Documents on an Expedited Basis -- Practical Guidelines," CGO Review, Vol. I, Issue 3, September 2004
  • "What the WorldCom and Enron Settlements Mean to You as an Outside Director," Wilson Sonsini Goodrich & Rosati Client Alert, January 10, 2005
  • "As the World Turns: The Changing View of the Director Defendant in Corporate Litigation," September 2004
  • "Creating an Effective Board," Global Corporate Governance Guide 2004: Best Practices in the Boardroom, 2004
  • "Increased Costs Discourage Many Companies from Going Public," Wall Street Lawyer Vol. 6 No. 12, 2003
  • "Recent Developments in State Court Derivative and Class Action Litigation: 'Evolving Expectations' or Revolutionary Changes in Delaware Law?"
  • "Recent Developments in State Court Derivative and Class Action Litigation: The Evolution ('Revolution?') in Delaware"

Select Speaking Engagements

  • Speaker, “What’s AI Got to Do with It - Should Companies Rethink their Corporate Governance Structure?” The L Suite Webinar, November 6, 2024
  • Panelist, "AI and Corporate Governance: Challenging Governance and Ethical Issues Raised by Powerful Technology," Wilson Sonsini webinar, December 12, 2023

  • Speaker, “Proxy Solicitation Reform: What Boards Should Know,” Inside America’s Boardrooms, August 5, 2020

Focus Areas
  • AI in Healthcare
  • Arbitration
  • Board and Internal Investigations
  • Corporate Governance
  • Corporate Governance Litigation
  • Environmental, Social, and Governance
  • Government Investigations
  • Litigation
  • Securities Litigation
  • Shareholder Engagement and Activism
Recent Insights
Alerts
Delaware Court of Chancery Addresses Fiduciary Duty Claims Arising from Reincorporation to Nevada
On February 20, 2024, Vice Chancellor J. Travis Laster of the Delaware Court of Chancery issued an opinion refusing to dismiss stockholder claims challenging the reincorporation of TripAdvisor from Delaware to Nevada and determining that the entire fairness standard of judicial review, rather than the business judgment rule, applied to the decision to reincorporate. The essence of the court’s determination was that the purpose of the reincorporation was to reduce stockholder litigation risks for its fiduciaries and that a reduction in the litigation rights of stockholders in a controlled company creates a non-ratable benefit for the controller. Accordingly, the standard of review governing the transaction is entire fairness unless the company uses some type of procedural protections, such as approval by an independent board committee and/or minority stockholders, to lower the standard of review by simulating an arm’s-length negotiation. Because no such steps were taken here, the court denied the defendants’ motion to dismiss and allowed the case to proceed under the entire fairness standard.
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Alerts
Delaware Court of Chancery Issues Decision on Disney Board’s Obligations in the DeSantis Dispute
On June 27, 2023, Vice Chancellor Lori Will of the Delaware Court of Chancery issued a much-anticipated decision addressing the obligations of the board of directors of The Walt Disney Company (Disney) in overseeing Disney’s response to Governor Ron DeSantis and the “Don’t Say Gay” bill, or HB 1557. In particular, the court rejected a books and records demand by a Disney stockholder seeking to investigate wrongdoing on the basis that the Disney board had breached its fiduciary duties by placing its own personal beliefs ahead of the interests of the corporation and its stockholders and taking positions that impaired the company’s value. The litigation reflects the pressures increasingly confronting corporations, and the landmark decision provides valuable guidance to boards in navigating environmental, social, and governance (ESG) issues and controversies.
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Recent Events
Affiliated Programs
Second Annual Rome Conference on AI, Ethics and Corporate Governance
The Second Annual Rome Conference on AI, Ethics and Corporate Governance will again bring together senior executives from leading AI companies, as well as large enterprises deploying AI, with policymakers, scholars, ethicists and lawyers to holistically consider the challenges facing the ethics and governance of AI.
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Affiliated Programs
Skytop - Shareholder Activism Summit 2025
Join over 200 shareholder engagement, communications, and industry thought leaders as they discuss how ongoing shareholder engagement and activism play a vital role in affecting share value, how activist investors cultivate relationships with companies to positively influence sustained value creation, and the latest campaign practices of activists, their outcomes, and how boards and executives work constructively toward improved stock performance.
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