Jeroen van Kwawegen is a leading U.S. shareholder lawyer. Jeroen is a member of the Executive Committee of the firm and head of BLB&G’s corporate governance practice. Jeroen oversees all breach of fiduciary duty litigation on behalf of shareholders against boards and senior executives. Jeroen also leads BLB&G’s work representing European institutional investors in shareholder litigation, including securities class actions.
Over the course of his career, Jeroen has recovered more than four billion dollars for investors, improved corporate governance practices at numerous companies, and vindicated fundamental shareholder voting and franchise rights. Jeroen first-chaired several trials and has been widely recognized for his accomplishments. Jeroen has been named one of Lawdragon’s “500 Leading Lawyers in America.” In recognition of being named to the publication’s lists 10 times or more, Jeroen has joined the exclusive group of Lawdragon “Legends.” Legal 500 identified Jeroen as a “great trial lawyer” and Bernstein Litowitz as a “Tier 1” firm for M&A Litigation Plaintiff work. Benchmark named Jeroen a “Litigation Star” and Law360 selected him as a “Legal MVP” in securities. The National Law Journal named Jeroen a “Plaintiffs’ Lawyers Trailblazer” and included him among the top 26 practitioners in the U.S. “who continue to make their mark in various aspects of legal work on the Plaintiffs’ side.”
Jeroen is co-leading the case resulting in a landmark decision nullifying Elon Musk’s $55 billion compensation package. Following a full trial on the merits, the Court found that Tesla’s board of directors breached their fiduciary duties in structuring Musk’s packages of stock options. Jeroen recently represented a Swedish institutional investor in a securities class action against Wells Fargo resulting in a $1 billion cash settlement. Jeroen also recently represented a U.S. public pension fund in a stockholder derivative action against the board of directors of FirstEnergy Corp. arising out of a massive political bribery scandal, resulting in a $180 million settlement and unprecedented corporate governance improvements, including replacing six directors and a process that led to the removal of the chief executive officer. Jeroen is currently prosecuting a number of securities class actions, including cases against Meta Platforms, Inc. and Qualcomm Inc., as well as several breach of fiduciary duty actions, including actions involving Columbia Pipeline, Tesla, Santander, Credit Suisse, Warner Brothers, MindBody, Continental Resources, and Sirius XM.
Jeroen is a board member of Legal Services NYC—one of the largest legal aid organizations in the United States providing legal assistance to more than 100,000 New Yorkers every year, including immigrants, veterans, the elderly, and people with disabilities. He is also a member of the board of advisors of the Institute for Law & Economics at the Penn Carey Law School at the University of Pennsylvania. Jeroen is a frequent speaker at bar association and industry events on shareholder litigation and corporate governance related topics and publishes often on topics of interest to institutional investors. Jeroen co-authored "Of Babies and Bathwater: Deterring Frivolous Stockholder Suits Without Closing the Courthouse Doors to Legitimate Claims" that was published in the Delaware Journal of Corporate Law (DJCL), Vol. 40, 2015.