Robert W. May

Partner | San Francisco
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(415) 268-6322

Experience

(Delaware Court of Chancery) Represented SoftBank Group Corp. in lawsuits brought by WeWork co-founder Adam Neumann and a special committee of WeWork’s board of directors seeking $3 billion in damages. Plaintiffs alleged that SoftBank improperly failed to close a tender offer for WeWork shares and alleged that SoftBank breached fiduciary duties owed to other WeWork stockholders. The novel, high profile case was litigated on a compressed schedule, with trial set less than a year after the complaint was filed. The parties settled two weeks before trial, and the settlement helped pave the way for WeWork’s go-public transaction through a SPAC merger.

(California Superior Court, Santa Clara County) Represented Yahoo and certain of its officers and directors in opposing a stockholder’s effort to block Yahoo’s $4.5 billion sale of its operating business to Verizon; successfully prevented plaintiff from delaying the approval and closing of the transaction, and represented clients in post-closing derivative litigation in the same action, related derivative actions in Delaware Chancery Court and the Northern District of California, and a federal securities class action.

(Delaware Court of Chancery and San Mateo Superior Court) Represented former directors of Saba in a stockholder class action alleging breach of fiduciary duty arising from Saba’s take-private acquisition by Vector Capital.

(District of Oregon) Defended Beneficial against claims challenging a capital investment in a community bank brought by certain debt-holders of the recapitalized bank’s holding company.

(Circuit Court for Baltimore City) Represented the former directors of Trade Street in a stockholder class action alleging breach of fiduciary duty arising from Trade Street’s acquisition by another Real Estate Investment Trust in a mixed cash-stock transaction.

(California Superior Court, Santa Clara County) Represented a consortium of foreign buyers in an action seeking to enjoin the buyers’ purchase of a U.S. semiconductor company.

Represented Zynga and certain of its officers and directors in a securities class action lawsuit commenced eight months after Zynga went public; represented certain Zynga officers and directors in a stockholder breach of fiduciary duty class action brought in connection with a registered secondary public offering, and represented Zynga in related derivative actions brought in Delaware Chancery Court and California state and federal courts.

(Northern District of California) Represented RH (Restoration Hardware) and certain of its officers and directors in stockholder derivative actions alleging damage to the company as a result of a pending securities class action.

Successfully represented the Chairman of the Board of Directors of a publicly traded sustainable agriculture company in two federal lawsuits brought by a minority stockholder alleging incomplete SEC disclosures.

Represented a minority investor in an arbitration regarding governance and control disputes in a privately held apparel company.

Represented a minority investor in a privately held natural products company in protecting its investment against breaches of a stockholders’ agreement and breaches of fiduciary duty by the majority stockholder.