Adam Magid advises financial institutions, corporates, investors and individuals on complex commercial litigation and regulatory matters. He represents clients in high-stakes disputes in state and federal courts and arbitration proceedings, delivering strategic, business-focused guidance in matters involving significant legal and reputational risk.
Adam’s practice focuses on disputes involving control, governance and fiduciary duties, particularly where business relationships begin to break down. He regularly handles matters arising from M&A transactions, shareholder and founder disputes, proxy contests and SPAC-related litigation, often involving contested control and decision-making authority.
Adam has significant experience with disputes involving closely held entities, including partnerships and limited liabilities companies, with particular expertise in Delaware law. His work frequently involves complex ownership and governance conflicts among founders, investors and management, including disputes over control, economic interests and strategic direction.
Adam also represents clients in investigations and enforcement actions by U.S. regulatory authorities, including the Department of Justice, Securities and Exchange Commission and FINRA. He regularly writes and speaks on developments in corporate governance and securities litigation, and serves on the Board of Editors of the Federal Bar Council Quarterly.
Recognition
- The Legal Aid Society – Pro Bono Publico Award (2018)
- Advising former SPAC directors in defending derivative and direct MultiPlan claims in the Delaware Court of Chancery and federal courts arising from an EV merger, obtaining dismissal of key claims.
- Advising a co-owner of a US$5bn AUM Delaware LLC private wealth firm in dissolution and governance litigation in the Delaware Court of Chancery.
- Advising the founder of a cryptocurrency exchange in District of Maryland litigation involving contested ownership and control, defeating a receiver motion and enforcing a settlement resulting in dismissal.
- Advising an investment firm and affiliated board members of a publicly traded car rental company in defending Delaware fiduciary duty claims in District of New Jersey litigation, resulting in dismissal of all claims.
- Advising an investment firm in litigation to enjoin incumbent board defensive measures in response to a director nomination campaign.
- Advising the former CEO of a publicly traded telecommunications company in a contested proxy contest to elect directors to the board.
- Advising a publicly traded REIT in multiple Northern District of Texas actions to enjoin unlawful shareholder proxy solicitations in a contested control situation.
- Advising an investment firm in Delaware Court of Chancery litigation challenging the adoption of change-of-control acceleration clauses in compensation and credit agreements.
- Advising members of a Delaware LLC in a breach of fiduciary duty action against the manager through trial and appeal in the New York courts.
- Advising a member of a Delaware LLC in an action to enforce books and records inspection rights through trial in the Delaware Court of Chancery.
- Advising an investor in contract litigation in the Southern District of New York arising from an alleged scheme to deny public warrant holders their contractual rights.
- Advising a group of bondholders in New York Commercial Division litigation seeking a declaration of default under an indenture governing a whole-business securitization.
- Advising a publicly traded manufactured housing company in defending an SEC civil enforcement action involving insider trading and accounting controls claims.
- Advising a telecommunications company in defending tort claims through trial in the U.S. Bankruptcy Court for the Southern District of New York, achieving dismissal of all claims.
- Advising a subsidiary of a global drinks manufacturer in commercial disputes with a counterparty in the New York Supreme Court Commercial Division.
- Advising a polyurethane foam manufacturer in two MDL antitrust class actions and related opt-out suits alleging price-fixing under the Sherman Act.
- Advising the liquidating trustee of an app developer in asserting antitrust claims against a search engine operator in the Northern District of California.
- Advising a Chinese real estate investment company in defending a foreclosure action involving a Manhattan luxury condominium project, including cross-border discovery issues.
- Advising a group of professors on an amicus brief to the Second Circuit challenging a US$16.1bn judgment against Argentina, which was reversed on appeal.
- Advising a garnishee bank in defeating a motion seeking US$2.7bn in sanctions over disclosure of blocked funds transfers, affirmed on appeal by the D.C. Circuit.
*Certain representations occurred prior to Adam's association with Cadwalader.
