Overview

Todd Schiltz is a recognized authority on Delaware corporate and transactional law — topics that shape business throughout the United States and beyond. With more than 25 years of experience, he understands the corporate marketplace, the implications of business moves among major players, and the conventions of the courts, particularly the Delaware Court of Chancery. Whether working with local businesses or multinational corporations, Todd provides crucial advisory and litigation support on matters related to corporate control and corporate governance, as well as on statutory and contractual disputes in state and federal courts. He also guides boards and board committees through investigations and transactional issues and represents clients in complex business and other civil disputes. 

Representative Experience

  • Obtained summary judgment in Delaware Court of Chancery in favor of our client seeking advancement of his litigation expenses from his former employer. Later, prevailed before the Delaware Supreme Court in arguing the trial court correctly awarded advancement of legal fees and expenses. In so ruling, the Supreme Court also reaffirmed Delaware’s strong public policy in favor of advancement “as an inducement for attracting capable individuals into corporate service.”
  • Secured a notable result in the Delaware Chancery Court for Sussex Insurance Company (an Enstar affiliate) in a settlement with the receiver for Freestone Insurance Company, an insolvent insurer in a Delaware state court liquidation proceeding.
  • Representation of Sauer-Danfoss in breach of fiduciary duty action arising from a controlling shareholder acquisition proposal.
  • Defense of a suit challenging the acquisition of Opinion Research Corporation, Inc.
  • Defense of lawsuits challenging the acquisition of Charming Shops, Inc.
  • Representation of KPMG, LLP in an action seeking the recovery of $1.1 billion of losses allegedly suffered by creditors of Oceanographia, Inc.
  • Representation of AT&T in 13 lawsuits challenging controlling partner asset sale transactions.
  • Representation of Immune Design Corporation, a biomedical development company, in a tortious interference with contractual relations and misappropriation of trade secrets action.
  • Representation of a special committee of the board of directors in connection with its efforts to acquire a large block of shares held by a dissident shareholder.

Credentials

Bar Admissions

Delaware

Education

DePauw University
B.A. cum laude

Northwestern University Pritzker School of Law
J.D.

Insights & Events

Leadership & Community

Pro Bono

  • Delaware Tax Appeal Board — Chair, 1997-present

Professional Associations

  • American Bar Association (ABA) — 1994-present
  • Delaware State Bar Association (DSBA) — 1994-present
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