Omid H. Nasab

Nasab’s notable matters include:

• Representing PG&E as lead counsel in defending against sprawling putative class action lawsuits seeking billions of dollars in damages.

  • Mr. Nasab leads PG&E’s defense against a customer class action seeking damages on behalf of millions of residents of Northern California who allege that their insurance premiums have risen as a result of wildfires caused by PG&E.

  • Mr. Nasab led PG&E’s successful defense against a customer class action seeking $2.5 billion in damages for PG&E power shutoffs to prevent wildfires. The action was dismissed with prejudice, and he continued to represent PG&E on appeal before the Ninth Circuit and the California Supreme Court. Mr. Nasab ultimately secured a precedent-setting decision from the California Supreme Court shielding PG&E from liability. He was recognized as The Am Law Litigation Daily’s “Litigator of the Week” in connection with this victory. In January 2024, the Ninth Circuit adopted the ruling and affirmed the dismissal, ending the litigation.  

• Representing Xcel Energy, a major U.S. electricity and natural gas company with operations in eight states, as lead counsel in hundreds of lawsuits filed against Xcel arising from the December 2021 Marshall Wildfire. Mr. Nasab also represents Xcel and its subsidiary, Southwestern Public Service Company, in more than two dozen actions concerning the February 2024 Texas Panhandle wildfires, which included the Smokehouse Creek Fire.

• Representation of Blackstone as lead counsel in high-value disputes.
  • Mr. Nasab represented Blackstone as lead counsel in securing a dismissal of claims seeking over a billion dollars in damages for alleged insider trading in the stock of Bumble during the time when Blackstone was Bumble’s controlling shareholder.
  • Mr. Nasab represented Blackstone’s global credit business as lead counsel in an adversary proceeding brought by the bankruptcy estate of an investee company that sought hundreds of millions in damages. Mr. Nasab secured a favorable settlement shortly before trial.

• Representation of Credit Suisse Asset Management and GLAS Trust Company as lead counsel in litigation brought against Carter Bank & Trust, which alleged that Carter Bank received legally improper transfers from Bluestone Resources. This lawsuit, which settled, was part of the broader work to recover funds invested in supply chain financing arrangements between Bluestone and Greensill Capital.

• Representation of a global chemical company as lead counsel in an ICC arbitration hearing relating to energy contract disputes.

• Representation of Forward Air Corporation in connection with an action filed by Omni Logistics, LLC in the Delaware Court of Chancery, which sought to compel Forward Air to close its proposed acquisition of Omni. On the day trial was scheduled to begin, the parties announced a settlement, agreeing to amend the merger agreement on terms favorable to Forward Air and dismiss their claims.

• Representation of Epic Games in litigation against Apple, alleging anticompetitive behavior in the distribution of mobile apps and the handling of in‑app payments.

• Representation of Costamare Shipping and related entities in connection with litigation filed in California federal court, including a consolidated putative class action, alleging various theories of liability concerning the October 2021 San Pedro Bay pipeline leak off the coast of California, ultimately securing a series of settlements to resolve the actions.

• Representation of Minerals Technologies in an action brought by the bankruptcy estate of Novinda Corporation, alleging fraud, breach of fiduciary duty and breach of contract. Mr. Nasab secured a favorable decision in this matter following a three‑week arbitration.

• Representation of Precision Castparts Corporation and its Board of Directors in purported shareholder class action litigation in Oregon state court challenging Precision’s $37 billion acquisition by Berkshire Hathaway.
• Representation of Brightwood Capital Advisors and its appointed representative on the V Global Holdings LLC (“Vertellus”) board of managers as defendants in direct and derivative litigation asserting claims for breaches of fiduciary duty and tortious interference with contract for alleged self‑dealing by certain Vertellus managers and related creditors.
• Representation of Credit Suisse in the Lehman bankruptcy related to the early termination of derivative trades. Credit Suisse obtained a settlement providing it with allowed claims of $385 million for derivative claims and $363 million for guarantee claims.
• Representation of Allied World Assurance Company, Ltd. in an adversary proceeding brought in New York bankruptcy court by successors to the estate of MF Global Holdings, Ltd. to recover on excess insurance policies. Cravath was retained to represent Allied World as lead counsel in the bankruptcy court and on appeal following certain rulings against Allied World. Following Cravath’s retention, Allied World secured an order compelling arbitration of the dispute in Bermuda.
• Representation of Credit Suisse as lender and administrative agent of the revolving credit facility provided to UCI International LLC and certain affiliates in connection with financing and litigation relating to the chapter 11 bankruptcy of UCI. The credit facility was repaid in full upon plan confirmation.

• Representation of NCR in Superfund environmental litigation relating to the remediation of Wisconsin’s Fox River, the single largest sediment cleanup project to date in the United States, and Michigan’s Kalamazoo River, including three actions that went to trial.

• Representation of Cameron International Corporation and its directors in a consolidated putative shareholder class action in the Delaware Court of Chancery relating to Cameron’s $14.8 billion acquisition by Schlumberger Limited. Plaintiffs voluntarily dismissed the suit.

• Representation of IBM Corporation in lawsuits filed in the Delaware Court of Chancery and Illinois state court related to IBM’s $1 billion acquisition of Merge Healthcare. After successfully opposing a preliminary injunction motion in the Illinois court, the transaction closed. The Delaware court subsequently granted a motion to dismiss the action.