Mr. Shannon is Chair of the firm’s Corporate Group and practices primarily in the areas of corporate and commercial litigation, including substantial experience in litigating stockholder class, derivative and other actions in the Delaware Court of Chancery. He also has significant experience in litigating and providing advice regarding various proceedings under the Delaware General Corporation Law, such as actions for appraisal, indemnification, and dissolution. Kevin also has been involved in numerous cases involving partnerships, limited partnerships, and limited liability companies, and frequently counsels directors, stockholders, and other parties on their rights and obligations under Delaware law.
Prior to joining the firm, Kevin was a Certified Public Accountant with Deloitte, Haskins & Sells, and a Financial Officer with J.P. Morgan & Company. In light of his financial background, Kevin has been involved in numerous appraisal proceedings and other cases that address financial and accounting issues. He also has been involved in advising numerous special committees in connection with investigations of alleged improper conduct (including accounting irregularities).
- Airgas, Inc. and its board in expedited litigation relating to the hostile bid by Air Products & Chemicals, Inc. (see Air Products & Chemicals Inc. v. Airgas Inc., 6 A.3rd 48 (Del. Ch. 2011); Airgas Inc. v. Air Products & Chemicals Inc., 8 A.3rd 1182 (Del. Supr. 2010)).
- Answers Corporation and its board in expedited litigation challenging the sale of the company to a private equity firm (see In re Answers Corporation S’holders Litig., 2011 WL 1366780 (Del. Ch.)).
- Zrii, LLC in expedited litigation seeking to enjoin the defendants from engaging in contractual and fiduciary breaches intended to harm the company (see Zrii, LLC v. Wellness Acquisition Group, 2009 WL 2998169 (Del. Ch.)).
- Hexion Specialty Chemicals, Inc. and Apollo Management L.P. in expedited litigation relating to the merger agreement between Hexion and Huntsman Corp. (see Hexion Specialty Chemicals, Inc., et al. v. Huntsman Corp., Del. Ch., C.A. No. 3841-VCL (9/29/08)).
- PFPC Worldwide, Inc. in a consolidated appraisal and fiduciary duty action relating to a merger in which the controlling stockholder acquired all of the shares held by the minority shareholders (see Andaloro v. PFPC Worldwide, Inc., 2005 WL 2045640 (Del. Ch.)).
- A defendant in The Walt Disney Company derivative litigation, challenging the compensation paid to Michael Ovitz, which resulted in a judgment in favor of the defendants following a nine-week trial (see In re The Walt Disney Company Derivative Litigation, 907 A.2d 693 (Del. Ch. 2005)).
- Liquid Audio, Inc. and its board in expedited litigation relating to certain actions taken in connection with a stockholder’s attempt to obtain control of the board (see MM Companies, Inc. v. Liquid Audio, Inc., 813 A.2d 1118 (Del. 2003)).
- Omnicare, Inc. in its effort to acquire NCS Healthcare and to secure judicial invalidation of the pre-existing merger agreement between NCS and Genesis Healthcare Ventures, Inc. (see Omnicare, Inc. v. NCS Healthcare, Inc., 818 A.2d 914 (Del. Supr. 2003)).
- The Special committee of the board of Pure Resources, Inc. in connection with a going private transaction by its controlling stockholder, Unocal Corporation, and in the related litigation challenging the fairness of that transaction (see In re Pure Resources, Inc. Shareholders Litigation, 808 A.2d 421 (Del. Ch. 2002)).
- An independent director of Siliconix in expedited litigation challenging a stock-for-stock tender offer (see In re Siliconix Incorporated Shareholders Litigation, 2001 WL 716787 (Del. Ch.)).
- Westlaw Journal - Delaware Corporate, April 28, 2014
- Delaware Chancery Court Clarifies Delaware Boards' Fiduciary Oversight Duties as to Corporate Operations AbroadBloomberg BNA Corporate Governance Report, April 7, 2014
- Canmore Consultants Ltd. v. L.O.M. Medical Int'l, Inc.: A Limited Exception To Directorial Authority To Fill Board VacanciesNovember 19, 2013
- Gerber v. Enterprise Products Holdings, LLC; When a Contractual Presumption of Good Faith Isn't Good EnoughSeptember 30, 2013
- Practical Lessons to Be Learned Concerning Poison Pills in the Chancery Court's Decision in 'Air Products v. Airgas'March 23, 2011
- March 1, 2011
- February 1, 2011
- August 1, 2010
- Delaware Court Clarifies Judicial Standard of Review for Evaluating Director Actions Affecting a Stockholder VoteAugust 22, 2007
- 18 Potter Anderson Attorneys Recognized as 2014 Delaware Super Lawyers; Chairman Donald J. Wolfe, Jr. Ranked in Top ThreeMay 27, 2014
- May 23, 2014
- Three Potter Anderson & Corroon Attorneys Named “Lawyers of the Year” by The Best Lawyers in America 2014August 15, 2013
- October 26, 2011
- October 18, 2011
- February 22, 2011
- Potter Anderson & Corroon LLP Partner Kevin R. Shannon Named a Fellow of the Litigation Counsel of AmericaNovember 2, 2009
Widener University School of Law, 1st in Class, magna cum laude, 1992; Comment Editor, Delaware Journal of Corporate Law
Villanova University, B.S. in Accounting, summa cum laude, 1985
Selected as the New Lawyer in Delaware (1993) based on performance on Delaware Bar Exam
Law Clerk to the Honorable Justice Andrew G.T. Moore, II, Delaware Supreme Court, 1991-1992, Josiah Wolcott Fellowship
Certified Public Accountant (PA - Inactive); Elijah Watts Sells Award (November 1985 CPA exam); PICPA Award For Merit (November 1985 CPA exam)
Bar & Court Admissions
- Delaware, 1992
Professional Activities and Honors
- Fellow, Litigation Counsel of America
- Named by Chambers USA: America's Leading Lawyers for Business as one of the leading commercial litigators in Delaware
- Recognized by The Best Lawyers in America 2014 in the areas of Commercial Litigation, Corporate Law and Litigation - Mergers & Acquisitions
- Recognized by Super Lawyers and by Benchmark Litigation
- Delaware Court of Chancery Rules Committee
- Delaware State Bar Association
- American Bar Association; past chair, Subcommittee on Partnerships and Alternative Business Entities Litigation, Business Law Section