FacultyFaculty/Author Profile
Gustavo F. Bruckner

Gustavo F. Bruckner

Pomerantz Grossman Hufford Dahlstrom & Gross LLP

New York, NY, USA


Gustavo Bruckner heads the corporate governance practice at Pomerantz LLP.

He received his law degree from Benjamin N. Cardozo School of Law in 1992, where he served as an editor of the Moot Court Board.. He obtained an undergraduate degree in Marketing and International Business with honors from New York University in 1988 and an MBA in Finance and International Business from New York University’s Stern School of Business in 1989.

Prior to becoming a class action securities litigator, Mr. Bruckner was chief of staff to a New York City legislator.

He served as Secretary to the Plaintiffs’ Executive Committee in the In re Initial Public Offering Securities Litigation, No. 21 MC 92 (SAS) (S.D.N.Y.) (Oct. 5, 2009), arguably the largest coordinated securities litigation ever, involving more than 300 class actions alleging manipulation of the market for IPO stocks.

Most recently, in Strougo v. Hollander, C.A. No. 9770-CB (Del. Ch. Mar. 16, 2015), the only case where the applicability of a fee-shifting bylaw has been litigated, Mr. Bruckner successfully argued for invalidation of a fee-shifting bylaw adopted by Defendants after Plaintiff and the Class were forcibly cashed out of their shares through a high-threshold Reverse Stock Split.  The Court held that “a former stockholder is no longer a party to the corporate contract and thus not subject to any bylaw amendments occurring after his or her interest as a stockholder was eliminated.”

Mr. Bruckner also successfully argued for a shareholder’s right to inspect a 10b5-1 stock trading plan in In Hallandale Beach Police Officers and Firefighters' Personnel Retirement Fund vs. lululemon athletica, Inc., C.A. No. 8522-VCP (Apr. 2, 2014), an issue of first impression.  The Court found that a stock trading plan did not preclude potential liability for insider trading.
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