Stephen A. Radin is a partner in Weil’s Securities Litigation practice group. Mr. Radin has litigated, counseled, written, and lectured for more than 30 years on corporate governance subjects, including the business judgment rule, fiduciary duties of corporate directors and officers, shareholder derivative and class action litigation, controlling shareholder and going-private transactions, special committee investigations, federal securities laws, disclosure requirements, and indemnification and insurance of corporate directors and officers.
Mr. Radin’s litigation practice focuses largely on shareholder derivative and class action litigation. He has won over 30 consecutive motions to dismiss (or affirmances of rulings granting motions to dismiss) in shareholder derivative actions alleging breaches of fiduciary duty by directors and officers of some of the largest and most prominent corporations in the United States, in state and federal courts throughout the country. These include multiple actions on behalf of both AIG and General Electric arising out of the financial crisis and the Government’s financial assistance to AIG and additional actions involving claims against directors and officers of Aeropostale, Allstate, American Airlines, American Realty Capital, BearingPoint, Computer Sciences, ExxonMobil, Fairway, Francesca’s, Kid Brands, LaBranche, Lululemon, Ralph Lauren, and WalMart.
Mr. Radin is the author of The Business Judgment Rule: Fiduciary Duties of Corporate Directors, a four-volume, 6,000-page treatise that has been cited in over 50 judicial decisions. Mr. Radin received a Burton Award for Legal Achievement, given to lawyers who exhibit excellence in legal writing, in the category “Best Authoritative Book By A Partner In A Law Firm” at a June 2011 ceremony in the Great Hall of the Library of Congress. This was Mr. Radin’s second Burton Award for Legal Achievement, the first coming in 2005 for The New Stage of Corporate Governance Litigation: Section 220 Demands published in the Cardozo Law Review and described as “an excellent discussion and analysis” of Section 220 jurisprudence by the Delaware Supreme Court in Seinfeld v. Verizon Communications, Inc., 909 A.2d 117, 120 n.12 (2006). Mr. Radin has published numerous additional articles in law reviews and other professional publications.
In 2015, the National Association of Corporate Directors named Mr. Radin to the NACD Directorship 100 in its Governance Professionals and Institutions category, honoring the “most influential people in the boardroom community” who exemplify “knowledge, leadership, and excellence in corporate governance.” Mr. Radin has been selected in Best Lawyers in America in the Corporate Governance and Compliance Law specialty and in New York Super Lawyers in the Securities Litigation specialty, and by Legal 500 US in the Shareholder Litigation and Securities Litigation – Defense categories. Mr. Radin has been elected a member of the American Law Institute, and has served as an adjunct professor teaching corporate governance at Cardozo Law School and as co-chair of the American Bar Association Section of Litigation Committee on Corporate Counsel Subcommittee on Corporate Governance. Mr. Radin has been profiled in the Metropolitan Corporate Counsel and has served as a member of the Law360 Securities editorial advisory board.
Mr. Radin has served since 2002 as a member of the Board of Directors of the New York Legal Assistance Group, a privately funded not-for-profit organization that provides free legal services to more than 50,000 individuals and families per year, as well as handling impact litigation on behalf of hundreds of thousands of additional individuals. He also served for eight years as a member of the Board of Trustees of the Stephen Wise Free Synagogue, and for four of those years as a member of the Board’s Executive Committee.
Mr. Radin holds a BA with distinction in all subjects from Cornell University and a JD from Columbia Law School, where he was a Harlan Fiske Stone Scholar.