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:

  • representing A. Schulman, Inc. and certain of its subsidiaries in two lawsuits asserting breach of contract, fraud and breach of fiduciary duty claims against former owners of Citadel Plastic Holdings, Inc. and Lucent Polymers, Inc.;
  • representing Panera Bread Company in an appraisal action;
  • serving as lead trial counsel for Caribou Coffee Company, Inc. in an appraisal action. Obtained a judgment after trial that set fair value at 10 percent below the transaction price;
  • defending affiliates of UBS AG in a securities class action 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 Supreme Court of the United States;
  • 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;
  • 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;
  • obtaining the dismissal of derivative claims against Cementos Portland Valderrivas, SA in derivative litigation in the Delaware Court of Chancery and Delaware Supreme Court;
  • winning summary judgment in favor of Deloitte LLP and its affiliated partnerships in two partnership disputes;
  • obtaining the dismissal of a securities class action against Merrill Lynch relating to auction rate securities, which was affirmed by the Second Circuit; and
  • obtaining the dismissal of a shareholder derivative suit against Bank of America arising out of allegations of improper foreclosure practices.

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. Additionally, Mr. Lockwood serves as president of the board of directors of the Delaware Community Legal Aid Society.



  • 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