Shearman & Sterling

DECEMBER 8, 2021

On November 23, 2021, Vice Chancellor Sam Glasscock III of the Delaware Court of Chancery dismissed stockholder derivative claims for breach of fiduciary duty against the directors of Wayfair, Inc. (the "Company"). Equity-League Pension Tr. v. Great Hill Partners, C.A. No. 2020-0992-SG (Del. Ch. Nov. 23, 2021). Plaintiff challenged the sale by the Company of $535 million in convertible notes at the outset of the COVID-19 pandemic to a consortium of investors allegedly tied to four of the

Debt 52

Debt Sale Investors Equities 52

Cooley M&A

DECEMBER 7, 2021

Cooley partners Barbara Borden, Wainwright Fishburn and Steve Strauss have been named on the San Diego Business Journal’s San Diego 500 list, which focuses on the most influential people in San Diego who are making a significant impact on the business community and the community at large. Read the article. Barbara Borden. Wainwright Fishburn. Steve Strauss.

Media 52

Media Business 52

Shearman & Sterling

DECEMBER 8, 2021

On November 23, 2021, Vice Chancellor Sam Glasscock III of the Delaware Court of Chancery dismissed stockholder derivative claims for breach of fiduciary duty against the directors of Wayfair, Inc. (the "Company"). Equity-League Pension Tr. v. Great Hill Partners, C.A. No. 2020-0992-SG (Del. Ch. Nov. 23, 2021). Plaintiff challenged the sale by the Company of $535 million in convertible notes at the outset of the COVID-19 pandemic to a consortium of investors allegedly tied to four of the

Debt 40

Debt Sale Investors Equities 40