Iron Ark PLLC · Practice
Fiduciary duty & governance.
Delaware Court of Chancery · controllers · boards · LLCs
Iron Ark PLLC litigates claims that directors, officers, controllers, general partners, and managers breached the duties they owed – in the Delaware Court of Chancery and wherever an entity's governing law sends the case. Typical matters include conflicted mergers and take-privates, controller squeeze-outs, disclosure claims tied to stockholder votes, Section 220 books-and-records demands, and injunction practice when a transaction is about to close. We represent stockholders and members pressing claims, and boards, special committees, and sponsors defending them. Brian C. Kerr has practiced in the Court of Chancery, the Superior Court, and the Delaware Supreme Court, including a Chancery merger case in which stockholders won a preliminary injunction. Eli Albrecht adds the deal-process view: how the board ran the sale, what the record shows, and where the governing documents narrow or expand default duties.
What we handle
Conflicted-transaction and controlling-stockholder claims.
Merger disclosure claims and pre-closing injunctions.
Section 220 books-and-records demands and litigation.
Representation of boards and special committees.
LLC and limited-partnership duty claims, including where the operating agreement modifies default duties.
Advancement and indemnification for directors and officers.
How it is priced
Flat fees by phase are the default. Stockholder and member claims with strong damages may be taken on contingency or a hybrid structure.
When the network comes in
Typical additions are Delaware counsel where local practice calls for it, valuation experts, and appellate counsel for expedited appeals. Network counsel work on assignments the lead team defines, and their work is reviewed before it goes out. Their cost sits inside the fee structure agreed at engagement – and on contingency matters, network attorneys join us on contingency.
Before the vote, or before the closing.
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