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Thad J. Bracegirdle
Director
- Tel: +1 302-429-4262
- Fax: +1 302-658-6395
Biography
Thad has more than 25 years of experience in all aspects of trial and appellate practice before state and federal courts, including the Supreme Court of Delaware, the Delaware Court of Chancery, and the Complex Commercial Litigation Division of the Delaware Superior Court. His experience includes advising and representing clients with respect to stockholder class actions and derivative suits, stockholder meetings and elections of directors, applications for preliminary injunctive relief, indemnification and compensation of officers and directors, requests for access to stockholder lists and corporate books and records, and other issues arising under the General Corporation Law of Delaware, the Delaware Revised Uniform Limited Partnership Act and the Delaware Limited Liability Company Act.
Thad has authored or co-authored several articles on issues of Delaware corporate law in such publications as Corporate Counsel Weekly, Insights, the Tax Management Compensation Planning Journal and Law 360 (a publication for which he also serves on the Delaware Editorial Advisory Board). Since 2016, Thad has spoken annually at National Business Institute seminars on issues of legal ethics and professional responsibility in the formation of limited liability companies and other business entities.
In addition to serving the legal community through his involvement in the Richard S. Rodney Inn of Court, as well as the Corporations Section of the Delaware State Bar Association and the Business Law Section of the American Bar Association, Thad served as a member of the Capital Campaign Planning Committee for Valley Forge Educational Services (VFES) in Malvern, Pennsylvania from 2017 to 2024. VFES is a non-profit that offers educational and employment-related programs for people with disabilities, and is the parent organization for the Vanguard School, which serves students with autism spectrum disorders and other developmental disabilities.
Thad also currently serves as one of two member contacts for Meritas, an invitation-only international alliance of over 175 business law firms located in over 80 countries. Bayard is the sole Delaware member of Meritas.
*Martindale-Hubbell is the facilitator of a peer review rating process. Ratings reflect the confidential opinions of members of the Bar and the Judiciary. Martindale-Hubbell ratings fall into two categories: legal ability and general ethical standards: CV, BV, and AV are registered certification marks of Reed Elsevier Properties Inc., used in accordance with the Martindale-Hubbell certification procedures, standards, and policies.
Thad J. Bracegirdle is a director at Bayard and member of the litigation group. His practice focuses on representing and advising Delaware corporations, their directors and stockholders in litigation and transactions relating to fiduciary duties, mergers and acquisitions, corporate governance and other issues arising under Delaware corporate law.
Thad also litigates disputes regarding limited partnerships, limited liability companies and other business entities governed by Delaware law and counsels clients on various transactions involving these entities, including formations, mergers, dissolutions and asset sales. Thad’s practice includes rendering legal opinions on matters relating to Delaware corporations, limited partnerships and limited liability companies.Thad has more than 25 years of experience in all aspects of trial and appellate practice before state and federal courts, including the Supreme Court of Delaware, the Delaware Court of Chancery, and the Complex Commercial Litigation Division of the Delaware Superior Court. His experience includes advising and representing clients with respect to stockholder class actions and derivative suits, stockholder meetings and elections of directors, applications for preliminary injunctive relief, indemnification and compensation of officers and directors, requests for access to stockholder lists and corporate books and records, and other issues arising under the General Corporation Law of Delaware, the Delaware Revised Uniform Limited Partnership Act and the Delaware Limited Liability Company Act.
Thad has authored or co-authored several articles on issues of Delaware corporate law in such publications as Corporate Counsel Weekly, Insights, the Tax Management Compensation Planning Journal and Law 360 (a publication for which he also serves on the Delaware Editorial Advisory Board). Since 2016, Thad has spoken annually at National Business Institute seminars on issues of legal ethics and professional responsibility in the formation of limited liability companies and other business entities.
In addition to serving the legal community through his involvement in the Richard S. Rodney Inn of Court, as well as the Corporations Section of the Delaware State Bar Association and the Business Law Section of the American Bar Association, Thad served as a member of the Capital Campaign Planning Committee for Valley Forge Educational Services (VFES) in Malvern, Pennsylvania from 2017 to 2024. VFES is a non-profit that offers educational and employment-related programs for people with disabilities, and is the parent organization for the Vanguard School, which serves students with autism spectrum disorders and other developmental disabilities.
Thad also currently serves as one of two member contacts for Meritas, an invitation-only international alliance of over 175 business law firms located in over 80 countries. Bayard is the sole Delaware member of Meritas.
Awards & Rankings
- Martindale-Hubbell®, AV Peer Review Rating™
*Martindale-Hubbell is the facilitator of a peer review rating process. Ratings reflect the confidential opinions of members of the Bar and the Judiciary. Martindale-Hubbell ratings fall into two categories: legal ability and general ethical standards: CV, BV, and AV are registered certification marks of Reed Elsevier Properties Inc., used in accordance with the Martindale-Hubbell certification procedures, standards, and policies.
Experience
Experience
- Successfully defeated motion to dismiss claims in Delaware Superior Court’s Complex Commercial Litigation Division alleging that client’s former employer fraudulently repurchased equity compensation for less than fair value.
- Successfully moved the Delaware Court of Chancery for judgment on clients’ claim for payment of withheld merger consideration.
- Successfully moved to dismiss action in Delaware Court of Chancery challenging legality of client corporation's amended bylaws governing elections of directors.
- Represented preferred shareholders of tech start-up in Delaware Court of Chancery litigation challenging fairness of merger and board approval process.
- Successfully defeated motion for temporary restraining order and obtained stay of Delaware Court of Chancery proceedings in favor of related foreign litigation concerning commercial real estate development in Ukraine.
- Successfully moved to dismiss Federal Court action alleging that client directors of medical device company breached fiduciary duties in approving stock issuance.
News & Insights
Delaware Court of Chancery Continues Substantial Revision of Its Rules
Delaware Court of Chancery Enforces Implied Covenant of Good Faith and Fair Dealing
Delaware Court of Chancery Begins Significant Rules Revisions
Chancery Court Clarifies Scope of Advanced Waiver of Right to Sue for Breach of Fiduciary Duty
New Titles in Delaware’s Chancery Court
Court of Chancery Declines to Enjoin Advance Notice Bylaw in Sternlicht v. Hernandez
Delaware General Corporation Updates Enacted Into Law
2023 LLC And Partnership Law Updates Approved by the Delaware Legislature
Delaware Supreme Court Issues Order for CCLD Cross-Designation in the Court of Chancery
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