Landis Rath & Cobb LLP is a premier boutique law firm concentrating on commercial bankruptcy, corporate restructuring and business litigation. We provide sophisticated legal advice and services to national, international and local clients in and out of federal and state courts. Our proven record of success is backed by a commitment to advocate for our clients' interests with personalized service and expert counsel.

Representative Matters

LRC successfully defends Sirius XM Holdings, Inc. in Challenge to Stock Repurchase Program in the Court of Chancery

Thomas V. Rux v. James E. Meyer, et al. and Sirius XM Holdings, Inc., C.A. No. 11577-CB, Order (Del. Ch. Jan. 16, 2020; transcript filed Jan. 29, 2020)

Landis Rath & Cobb LLP successfully represented defendant, Sirius XM Holdings, Inc., in a derivative action in the Court of Chancery challenging part of a $2 billion stock repurchase program. The complaint, brought by a Sirius XM stockholder in 2015, alleged that certain Sirius XM directors breached their fiduciary duties with respect to a 2013 stock repurchase program.  On January 16, 2020, the court approved the parties’ comprehensive settlement, resolving all claims brought in the action and ending the years-long litigation.