In re Zimmer Biomet Holdings Inc. Derivative Litigation

DeLeeuw Law together with Cohen Milstein Sellers & Toll, Schubert Jonckheer & Kolbe and Shuman, Glenn & Stecker advised the Plaintiffs. Morgan, Lewis & Bockius advised defendants of Zimmer Biomet Holdings, Inc., Christopher B. Begley, Betsy J. Bernard, Paul M. Bisaro, Gail K. Boudreaux, Tony W. Collins, David C. Dvorak, Michael J. Farrell, Daniel P. Florin, Larry Glasscock, Robert A. Hagemann, Arthur J. Higgins, Robert J. Marshall Jr., and Cecil B. Pickett, Ph.D. Morris, Nichols, Arsht & Tunnell and Simpson Thacher advised defendants Michael W. Michelson and KKR Biomet. Morris, Nichols, Arsht & Tunnell and Ropes & Gray advised defendants Jeffrey K. Rhodes and TPG Partners IV. Paul, Weiss, Rifkind, Wharton & Garrison advised Blackstone. Abrams & Bayliss together with Wachtell, Lipton, Rosen & Katz advised GS Capital Partners, Goldman Sachs, PEP Bass Holdings, Private Equity Partners 2004 Direct Investment Fund, Private Equity Partners IX Direct L.P and Private Equity Partners 2005 Direct L.P.

Vice Chancellor Lori Will of the Delaware Court of Chancery dismissed, with prejudice, all claims asserted in In re Zimmer Biomet Holdings Inc. Derivative Litigation. In the suit, plaintiffs claimed that the Board of Zimmer Biomet Holdings, Inc. (“Zimmer”), a medical device company, deliberately concealed from the market information concerning regulatory compliance issues faced by the company in connection with a series of registered offerings in which private equity funds, including a fund managed by KKR, liquidated their Zimmer holdings. Vice Chancellor Will dismissed the complaint in its entirety, finding that plaintiffs failed to adequately plead demand futility because at least eight members of Zimmer’s eleven-member demand board could have impartially considered whether to pursue the action on Zimmer’s behalf.

DeLeeuw Law’s team was led by P. Bradford.

Cohen Milstein Sellers & Toll’s team was led by Richard Speirs and Christopher Lometti.

Schubert Jonckheer & Kolbe and Shuman’s team was led by Robert Schubert and Willem Jonckheer.

Glenn & Stecker’s team consisted of Kip Shuman, Rusty Glenn and Brett Stecker.

Morgan, Lewis & Bockius’ team consisted of Jody Barillare, Wilmington, Troy Brown, Laura Hughes McNally, Brian Morris and Karen Pieslak Pohlmann.

Morris, Nichols, Arsht & Tunnell’s team was led by William Lafferty, Ryan Stottmann, and Sabrina Hendershot.

The Simpson Thacher team included Pete Kazanoff (Picture), Sara Ricciardi, and Courtney G. Skarupski.

The Ropes & Gray incuded Daniel V. Mccaughey, Erin Macgowan and Christian Reigstad.

Paul, Weiss, Rifkind, Wharton & Garrison’s team included Daniel Mason, Matthew Stachel, Andrew Ehrlich and Brette Tannenbaum.

Abrams & Bayliss’ team was led by Kevin Abrams and Peter Shindel.

Wachtell, Lipton, Rosen & Katz’s team was led by Paul Vizcarrondo and John F. Lynch.

Involved fees earner: Kevin Abrams – Abrams & Bayliss LLP; Peter Shindel – Abrams & Bayliss LLP; Jody Barillare – Morgan Lewis & Bockius; Troy Brown – Morgan Lewis & Bockius; Laura Hughes McNally – Morgan Lewis & Bockius; Brian Morris – Morgan Lewis & Bockius; KarePieslak Pohlmann – Morgan Lewis & Bockius; Sabrina Hendershot – Morris Nichols Arsht & Tunnell Llp; William Lafferty – Morris Nichols Arsht & Tunnell Llp; Ryan Stottmann – Morris Nichols Arsht & Tunnell Llp; Andrew Ehrlich – Paul Weiss Rifkind Wharton & Garrison; Daniel Mason – Paul Weiss Rifkind Wharton & Garrison; Matthew Stachel – Paul Weiss Rifkind Wharton & Garrison; Brette Tannenbaum – Paul Weiss Rifkind Wharton & Garrison; Erin Macgowan – Ropes & Gray; Daniel McCaughey – Ropes & Gray; Christian Reigstad – Ropes & Gray; Peter Kazanoff – Simpson Thacher & Bartlett; Sara Ricciardi – Simpson Thacher & Bartlett; Courtney Skarupski – Simpson Thacher & Bartlett; John Lynch – Wachtell, Lipton, Rosen & Katz; Paul Vizcarrondo – Wachtell, Lipton, Rosen & Katz;

Law Firms: Abrams & Bayliss LLP; Morgan Lewis & Bockius; Morris Nichols Arsht & Tunnell Llp; Paul Weiss Rifkind Wharton & Garrison; Ropes & Gray; Simpson Thacher & Bartlett; Wachtell, Lipton, Rosen & Katz;

Clients: Begley Christopher; Bernard Betsy ; Bisaro Paul; Blackstone; Boudreaux Gail . ; Collins Tony; Dvorak David; Farrel Michael; Florin Daniel; Glasscock Larry; Goldman Sachs & Co.; Hagemann Robert ; Higgins Arthur; KKR Biomet LLC; Marshall Robert; Michelson Michael; Pep Bass Holdings; Pickett Cecil ; Private Equity Partners 2004 Direct Investment Fund; Private Equity Partners 2005 Direct L.P.; Private Equity Partners IX Direct L.P; Rhodes Jeffrey ; TPG Partners IV; Zimmer Biomet ;

Martina Bellini

Author: Martina Bellini