Sidley Austin LLP > Houston, United States > Firm Profile

Sidley Austin LLP
1000 LOUISIANA STREET
SUITE 6000
HOUSTON, TX 77002
TEXAS
United States

M&A/corporate and commercial > Shareholder activism Tier 1

Clients appreciate the ‘extremely nuanced‘ advice from the team at Sidley Austin LLP, which handles the gamut of shareholder activism matters for board members. One client dubs leadership duo Kai Liekefett and Derek Zaba ‘two of the best lawyers in America‘, lauded for ‘their ability to see around all dangerous corners and guide corporate strategy to the most successful outcome‘. Liekefett is based in New York and focuses exclusively on shareholder activism and takeover defense. In two decades of practice, he has worked in the UK, Germany, Hong Kong, and Japan, and is one of the most prolific advisors on proxy contests, including a high percentage of the market’s late-stage contests. Zaba, who is based at the Palo Alto office, also fully dedicates his practice to shareholder activism and has quickly established himself as one of the go-to lawyers in the field. Beth Berg (Chicago) is a senior figure with broad corporate law expertise, younger partners Leonard Wood (Houston) and Jessica Wood (New York) are also active in the shareholder activism space, and the New York office was further bolstered in January 2024 by the promotion to partner of Reuben Zaramian, who focuses on shareholder activism and corporate governance.

Practice head(s):

Kai Liekefett; Derek Zaba

Testimonials

‘Kai Liekefett and Derek Zaba are two of the best lawyers in America. Not only because of their knowledge of the law as it relates to shareholder activism, but also because their ability to see around all dangerous corners and guide corporate strategy to the most successful outcome is second to none.’

‘The advice from the Sidley team in managing shareholder activism issues is extremely nuanced, and their communications with me, other executive officers, and directors are top-notch: very responsive, at the appropriate level of detail, and delivered always with an eye toward the specific business issues we are facing and how that impacts both the advice and the timing of actions.’

‘Derek Zaba and Leonard Wood are very responsive and also helpful in creating a record of board action in case the activists take us down a different path than the one we’re trying to follow. They always have an eye toward anticipating litigation and a potential full-on proxy fight, while trying to avoid those outcomes.’

‘High-quality, tailored advice. Always available. They are part of the team, not only outside advisors.’

‘The team stand out for their skill, experience and practicality.’

Key clients

The New York Times Company

Nordstrom, Inc.

Emerson Electric Co.

Alkermes plc

Freshpet, Inc.

LivePerson, Inc.

Splunk, Inc.

Rogers Corporation

Texas Pacific Land Corporation

Pitney Bowes, Inc.

Purple Innovation, Inc.

Cutera, Inc.

Avantax, Inc.

Enhabit, Inc.

Global Net Lease, Inc./The Necessity Retail REIT

Warner Music Group Corp.

Fidelity National Information Services, Inc.

UBS Puerto Rico Family of Funds

On24, Inc.

Work highlights

  • Represented The New York Times Company in its defense against an activist campaign by celebrity activist hedge fund ValueAct Capital Partners.
  • Advised Freshpet in defense of a proxy contest launched by JANA Partners and related litigation.
  • Represented biopharmaceutical company Alkermes against activist hedge fund Sarissa Capital.

Dispute resolution > Appellate: courts of appeals / Appellate: supreme courts (states and federal)

Dispute resolution > Product liability, mass tort and class action - defense: consumer products (including tobacco) Tier 3

Environment > Environment: transactional Tier 3

Finance > Structured finance: securitization Tier 3

Media, technology and telecoms > Cyber law (including data privacy and data protection) Tier 3

The privacy and cybersecurity team at Sidley Austin LLP leverages its data breach incident response experience to offer proactive breach counseling, compliance advice and support in government investigations. The Washington DC-based team is co-headed by David Lashway and Alan Charles Raul; Lashway is noted for his cybersecurity expertise, including crisis management, misinformation and trade secret theft, while Raul advises a range of tech, telecom, software and financial clients experiencing major cyber and privacy incidents, bolstered by his experience in government work. Colleen Theresa Brown is a go-to for litigation and regulatory defense, alongside assessing the privacy and cyber risk in data-heavy acquisitions. John Woods is recommended for cyber resilience advice and data governance matters. Sean Royall departed the team in August 2023.

Practice head(s):

David Lashway; Alan Charles Raul

Other key lawyers:

John Woods; Jennifer Seale; Jonathan Wilan; Colleen Theresa Brown

Key clients

ABB

AT&T

Fidelity family of companies

AutoZone

DXC Technology Co.

Hilton Worldwide

Palo Alto Network, Inc

Marriott International, Inc.

OneMain Holdings, Inc.

SES Space & Defense

Work highlights

  • Acting as outside privacy and cybersecurity counsel for numerous leading global clients.
  • Representing multiple clients on their exposure to the recent MOVEit data breach (a hydra-headed breach centered on a single American software maker compromising data at more than 600 organizations worldwide).
  • Serving as lead counsel to multinational industrial technology giant ABB on cybersecurity matters with respect to the investigation and response to a global ransomware matter impacting systems directly or indirectly associated with critical infrastructure in 130 countries.

Finance > Capital markets: equity offerings

Latin America: International firms > City Focus - Houston Tier 1

Sidley Austin LLP has a core team of experienced Latin America specialists in Houston, primarily with a focus on oil and gas, LNG, power, renewables and energy transition, benefitting further from the firm’s efforts to grow its presence in LNG and renewables in New York and Washington DC. The team is particularly known for project development and M&A, most notably in Brazil, Chile, Argentina and Mexico. The firm’s reach in Latin America extends beyond the broader energy sphere, into segments such as aviation and digital infrastructure transactions. It is also noted for its increasing presence in private equity deals, including high-value investments in a variety of jurisdictions. Experienced partner Brian Bradshaw is fluent in Spanish and Portuguese, and has an extensive background in project development and finance, along with M&A in the oil-and-gas, LNG and power sectors; more recently he has worked on a series of energy transition projects, including hydrogen and renewable natural gas (RNG). Timothy Chandler also has a major focus on Latin America, particularly oil and gas, power, infrastructure and minerals projects, along with asset acquisitions and disposals. Licensed to practice in Mexico and Texas, counsel Eduardo Marquez Certucha has a history of working on conventional and renewable energy, mining, and transportation transactions.

Practice head(s):

Brian Bradshaw

Work highlights

  • Represented Denham Capital in the sale of certain assets of portfolio company Rio Energy to Equinor.
  • Represented Denham Capital’s portfolio company Serra Verde in its $150m investment by Vision Blue Resources and The Energy & Minerals Group.
  • Represented Barra Energia, a private equity-backed Brazilian company, in the development of the Atlanta Field, offshore Brazil.

Latin America: International firms > Projects and energy

Sidley Austin LLP's global presence in the energy sector, along with its strong focus on Latin America, has brought it a wealth of headline engagements. The senior Latin America-focused team has a background in project development, project finance and M&A, including in the renewables, conventional power, LNG terminals, oil and gas, drilling rigs and other energy and infrastructure market segments; the firm has recently expanded its renewables and LNG teams in New York and Washington DC. The practice is particularly active in Brazil projects and transactions, and has also worked on a number of headline renewable power projects in Chile, Argentina and elsewhere. Brian Bradshaw is hugely experienced in project development, project finance and M&A in the oil and gas, LNG, and power and renewables sectors, including in Latin America; he is fluent in Spanish and Portuguese. Timothy Chandler has a background in Brazil energy transactions and is a fluent Portuguese speaker. Counsel Eduardo Marquez Certucha is a native Spanish speaker, is licensed to practice in Texas and Mexico, and has a focus on M&A and joint-ventures in the conventional and renewable energy, mining, and transportation sectors. All named individuals are based in Houston.

Practice head(s):

Brian Bradshaw

Work highlights

  • Represented Denham Capital in the sale of certain assets of portfolio company Rio Energy to Equinor, the Norwegian state-owned multinational energy company.
  • Represented Denham Capital’s portfolio company Serra Verde in its $150m investment by Vision Blue Resources and The Energy & Minerals Group.
  • Represented Barra Energia, a private equity-backed Brazilian company, in the development of the offshore Atlanta Field, Brazil.
Photo Name Position Profile
Brian Bradshaw photo Brian Bradshaw Partner
Timothy Chandler photo Timothy Chandler Partner