Andrew Blumberg, a BLB&G partner, prosecutes corporate governance and fiduciary duty litigation on behalf of the firm’s hedge fund and institutional investor clients. Andrew practices out of the firm’s Wilmington, Delaware office, where he has earned a reputation as a fierce Court of Chancery litigator.
Since joining the firm in 2019, Andrew has litigated groundbreaking corporate governance actions that have returned hundreds of millions of dollars to shareholders and resulted in critical corporate governance reforms. Highlights of his litigation career include:
- In re Mindbody, Inc. Stockholders Litigation: Andrew prosecuted appraisal and breach of fiduciary duty claims in connection with the merger of Mindbody and Vista Equity Partners, achieving a post-trial decision (affirmed on appeal) finding liability against Mindbody’s CEO and the acquirer after securing a $27 million partial settlement with a Mindbody director and his venture capital fund.
- In re Santander Consumer USA Holdings Inc. Stockholders Litigation: Andrew was instrumental in helping achieve a $162.5 million settlement—the second largest class action settlement in Delaware history.
- In re Warner Bros. Discovery Inc. Stockholders Litigation: Andrew was a leader of the BLB&G team that negotiated a $125 million settlement—the fourth largest class action settlement in Delaware history—in this lawsuit challenging a side payment to Discovery’s largest stockholder in connection with the $43 billion merger between Discovery and AT&T’s WarnerMedia business.
- In re Viacom Inc. Stockholders Litigation: Andrew was a key member of the BLB&G case team that achieved a $122.5 million settlement—the fifth largest class action settlement in Delaware history—in this case challenging the fairness to former Viacom stockholders of a stock-for-stock merger of Viacom and CBS.
- Hollywood Firefighters’ Pension Fund v. GCI Liberty, Inc.: Andrew played a key role in helping the class secure a $110 million settlement and significant voting concessions in this action alleging breaches of fiduciary duty in connection with the merger of GCI Liberty and Liberty Broadband.
Andrew’s impressive track record has also included settlements and significant corporate governance improvements in Sciabacucchi v. Malone ($87.5 million settlement); In re Madison Square Garden Entertainment Corp. Stockholders Litigation ($85 million settlement); In re Pilgrim’s Pride Corporation Derivative Litigation ($42.5 million settlement plus improved governance); In re Tilray, Inc. Reorganization Litigation ($39.9 million settlement plus elimination of control); and Searles v. DeMartini, et al. ($23 million settlement).
A frequent author on a wide range of corporate governance issues, Andrew earned a Burton Award for his article “Fiduciary Duties of Corporate Directors in Uncertain Times.” More recently, Andrew co-authored “A Critical Analysis of ‘Fair Price’ In Entire Fairness Law in Delaware,” which is forthcoming in the Delaware Journal of Corporate Law.
In recognition of his achievements, Andrew has been named to Lawdragon’s “500 Leading Plaintiff Financial Lawyers” and “Lawdragon 500 X – The Next Generation” lists and included on Benchmark Litigation’s 2024 “40 & Under” list.
Prior to joining the firm, Andrew was a securities litigation associate at Weil, Gotshal & Manges LLP, where he represented clients in corporate governance, appraisal, and securities actions. Prior to joining Weil, Andrew clerked for Chancellor Andre G. Bouchard of the Delaware Court of Chancery. He received his J.D. from Washington University School of Law, cum laude, where he served as a senior editor of the Washington University Law Review, and his MBA from Washington University’s Olin Business School.