Case Study

Novack v. GSI Commerce Inc. et al.

Novack v. GSI Commerce Inc. et al.

Defense counsel retained Professor Paul Gompers of the Harvard Business School and Cornerstone Research in a case that involved two mergers. Retained by Sullivan & Cromwell Defense counsel retained Professor Paul Gompers of the Harvard Business School and Cornerstone Research in a case that involved two mergers. Professor Gompers prepared an independent valuation and response to the reports of the plaintiff’s expert. The case went to a jury trial in the Superior Court of Suffolk County in Boston. At the conclusion of the trial, the jury returned a verdict for the defendants. GSI Commerce Inc. acquired flash sales retailer Rue La La in 2009 for a combination of an upfront payment and an earnout. This case stemmed from a subsequent 2011 transaction in which eBay Inc. acquired GSI. Certain GS

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