Paul Lockwood focuses his practice on corporate and securities litigation. He defends corporations, their directors or their advisers in derivative and class action lawsuits in Delaware and throughout the country. Mr. Lockwood also has extensive experience in commercial litigation.


Some recent matters handled by Mr. Lockwood include:

  • serving as lead trial counsel for Panera Bread Company in a six-day trial of an appraisal action in the Delaware Court of Chancery. A decision is pending;
  • serving as lead trial counsel for A. Schulman, Inc. in a seven-day trial in the Delaware Court of Chancery involving claims of fraud, contract and fiduciary duty against former owners and officers of Citadel Plastic Holdings, Inc. and Lucent Polymers, Inc. The case was successfully settled after trial;
  • serving as lead trial counsel for Caribou Coffee Company, Inc. in a five-day trial of an appraisal action in the District Court for Hennepin County, Minnesota. Obtained a judgment after trial that set fair value at 10% below the transaction price;
  • defending certain directors of Coty, Inc. in a class action and derivative suit pending in the Delaware Court of Chancery;
  • representing PPL Corporation and certain of its affiliates in a commercial lawsuit against Riverstone Holdings LLC, Talen Corporation and their affiliates;
  • representing former directors and officers of Express Scripts Holding Company in multiple stockholder derivative lawsuits and related litigation in courts in Missouri, New York and Delaware;
  • successfully opposing an injunction of the Keurig Green Mountain/Dr. Pepper merger, which allowed the transaction to close on schedule;
  • defending affiliates of UBS AG in an adversary proceeding brought by the Financial Oversight Board of Puerto Rico in connection with Puerto Rico’s PROMESA restructuring;
  • defending affiliates of UBS AG in a securities class action in federal court in Puerto Rico. Obtained a ruling denying class certification and successfully opposed appellate review of that order;
  • obtaining the dismissal of stockholder derivative claims brought by mutual fund investors against affiliates of UBS AG, which included obtaining a writ of certiorari from the U.S. Supreme Court;
  • obtaining the dismissal of claims against Centerview Partners, LLC relating to its role as a financial advisor to Diamond Resorts International Inc.;
  • obtaining a post-trial judgment denying inspection of books and records of Pfizer, Inc. relating to its foreign tax accounting; and
  • successfully resolving a securities class action against Swisher Hygiene, Inc. and then obtaining the dismissal of opt-out claims and a related shareholder derivative suit.

Mr. Lockwood has been repeatedly selected for inclusion in Best Lawyers in America and Chambers USA: America's Leading Lawyers for Business. He also has been named as a BTI Client Service All-Star and was recognized in Benchmark Litigation 2020.



  • J.D., University of Pennsylvania Law School, 1994 (summa cum laude, Order of the Coif, William M. Maurer Award for Criminal Law)
  • B.S., Cornell University, 1990


  • Delaware
  • District of Columbia


  • Clerkship for the Honorable William B. Chandler III, Court of Chancery of the State of Delaware

Paul J. Lockwood