Eric Veres is a partner at Abrams & Bayliss, a Delaware-based boutique firm specializing in high-stakes corporate and commercial litigation before the Delaware courts. Mr. Veres represents both plaintiffs and defendants in corporate, fiduciary duty and other governance disputes, including in contingent fee litigation and often on an expedited basis. Mr. Veres is an experienced trial lawyer with substantial first-chair experience. He has conducted multiple direct and cross-examinations of witnesses during trials in the Court of Chancery, the nation’s pre-eminent business court, including a trial in which Abrams & Bayliss secured a post-trial victory against leading New York and Delaware firms resulting in the largest class action judgment in Court of Chancery history (as well as the largest post-trial judgment won by a single law firm in that court). The Delaware Supreme Court later reversed and remanded that case to the Court of Chancery, which is now presiding over further proceedings. More recently, Mr. Veres cross-examined the defendants’ proffered advance notice bylaw expert in an expedited trial challenging amendments to bylaws on which the defendants’ board relied to reject the plaintiff’s nomination notice in connection with a proxy contest. In a post-trial decision, the Court of Chancery invalidated four of the six challenged advance notice bylaw provisions. Following an appeal and cross-appeal, the Delaware Supreme Court upheld invalidation of one of the challenged provisions and held further that the remaining challenged bylaws were unenforceable because the defendants’ board acted inequitably in adopting them. On the defense side, Mr. Veres was an integral part of the team that urged the Delaware Supreme Court to consider on interlocutory appeal whether to eliminate “dual natured” standing to bring simultaneous direct and derivative claims as established in the Supreme Court’s 2006 decision in Gentile v. Rossette. The Supreme Court agreed, overruled Gentile, and reversed the Court of Chancery’s denial of the defendants’ motion to dismiss, resulting in pleadings-stage dismissal of all claims. Clients and co-counsel have described Mr. Veres as one of “a tiny few who understand complex problems, analyze them, and produce valuable work to further the business goals every day;” “wonderful to work with;” “all over the details;” and a “really good writer” with “great judgment.”
Updated July 2024
