Adam K. Schulman
Adam Schulman focuses his practice on corporate and commercial litigation in the Delaware Court of Chancery. Adam regularly counsels companies, boards of directors and senior management in litigation concerning mergers and acquisitions, corporate governance disputes, and class and derivative actions alleging breaches of fiduciary duty. Before joining Abrams & Bayliss, Adam received his J.D. from the University of Virginia School of Law where he served as an associate editor on the Virginia Law and Business Journal.
Education
- University of Virginia School of Law, J.D., 2011
- Virginia Law and Business Journal
- University of Virginia, B.S., Commerce (Finance), 2004
Representative Matters
- Texas Pacific Land Corporation in obtaining a trial and appellate victory in expedited proceedings concerning activist stockholders’ breaches of a voting commitment and standstill in a stockholders’ agreement. Texas Pac. Land Corp. v. Horizon Kinetics LLC, 306 A.3d 530, 538 (Del. Ch.), aff’d sub nom. Horizon Kinetics LLC v. Texas Pac. Land Corp., 314 A.3d 685 (Del. 2024).
- Special Committee of Board of Directors of Tesla, Inc. in connection with corporate governance and litigation advice regarding changing Tesla’s corporate domicile and a ratification vote regarding the CEO’s compensation plan.
- Several investors and directors of Health Fidelity, Inc. in successfully obtaining dismissal of claims relating to financing rounds. Riskin v. Burns, 2020 WL 7973803 (Del. Ch. Dec. 31, 2020).
- Salix Pharmaceuticals, Ltd. in connection with claims brought by former CEO regarding alleged wrongful termination of unvested equity-based awards.
- Halyard Health, Inc. in successfully staying claims in Delaware in favor of first-filed claims in California.
- Ripple Labs, Inc. in successfully procuring summary judgment and defeating a preferred stockholder’s redemption demand. Tetragon Financial Group Ltd. v. Ripple Labs, Inc., 2021 WL 1053835 (Del. Ch. Mar. 19, 2021).
- Quinnox, Inc. in connection with an action to obtain corporate books and records pursuant to Section 220 of the Delaware General Corporation Law.
- The founder of Quinnox, Inc. in breach of fiduciary duty action.
- The founder of iPayment Holdings, Inc. in connection a challenge to various noteholders’ effort to improperly seize control over the company
Co-Author
- “Frequently Asked Questions, Answers and More Questions about the Business Strategy Immunity,” PLI Course Handbook (April 2011)
Admissions
- Delaware
- United States District Court for the District of Delaware
- United States Court of Appeals for the Federal Circuit
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