As reported here in Law360 [$$], Sustainable Opportunities Acquisition Corp. — a SPAC planning to mine the seafloor for metals to be used in electric vehicle batteries — has sued two potential investors for failing to fulfill their purported obligation
Valuation Litigation & Shareholder Rights Blog
The Valuation Litigation & Shareholder Rights Blog, published by Rolnick Kramer Sadighi LLP, focuses on legal issues surrounding valuation disputes in mergers and acquisitions, appraisal rights, and shareholder protections. It covers Delaware appraisal jurisprudence, including valuation methodologies, statutory interpretations, and procedural aspects such as appraisal prepayments. The blog also examines comparative appraisal rights frameworks in other jurisdictions like the European Union and South Africa, highlighting cross-border merger implications and minority shareholder remedies. Topics include fair value determinations, the impact of post-signing changes on valuation, and strategic litigation considerations in shareholder rights and valuation disputes.
Latest from Valuation Litigation & Shareholder Rights Blog - Page 4
Del. Supreme Court Overrules Prior Shareholder Rights Decision
When can an investor bring an action against corporate directors and officers directly – i.e., on behalf of the investor herself, rather than derivatively, i.e., on behalf of the company? In a September 20, 2021, decision, the Delaware Supreme…
The Re-Rise of SPACs
By Steve Hecht
In this timely academic piece by Maria Lucia Passador, “In Vogue Again: The Re-Rise of SPACs in the IPO Market,” the case is made that SPACs in the US will continue their growth in the capital markets and should…
Let the SPARCs Fly
By Steve Hecht
As reported here in Bloomberg, after launching a record-size $4 billion SPAC last summer, Bill Ackman’s Pershing Square Tontine Holdings is unwinding and returning its invested funds back to shareholders.
In June, Pershing Square announced it was buying a…
SPAC Litigation: Newest Flavor of the Month or More than Meets the Eye?
By Steve Hecht
As Alison Frankel at Reuters observed, of the 60+ lawsuits filed in New York state court in the first half of this year against SPAC directors for inadequate disclosures, most of them typically settled after the initial complaint was…
Regulators Keep Close Eye on SPAC Surge
By Steve Hecht
Given the unprecedented surge in SPAC activity in the first half of 2021, SEC Acting Director John Coates has expressed concerned about risks ranging from fees, conflicts and sponsor compensation, to the sheer amount of capital pouring into the…
SEC’s Investor Advisory Committee to Address New SPAC Disclosure Requirements
By Steve Hecht
Welcome to our blog’s new SPAC Corner, as we kick-off an ongoing series of posts dedicated to this bourgeoning field of investor litigation.
A natural starting point for our focus on SPACs is to highlight the upcoming September 9 meeting…
Guest Post: Use Sum of Parts Analysis in Cannabis Valuation?
A data-rich thought piece by New Cannabis Ventures makes an interesting case for using a sum-of-the-parts analysis in valuing cannabis companies with diverse operating segments, as that helps filter out any boosted value that might be otherwise be included by…
LAVA: M&A Trends in the Cannabis Industry
By Steve Hecht & Rich Bodnar
Los Angeles Venture Association (LAVA) recently hosted a webinar discussing the recent uptick of merger and acquisition activity over the last six months, and the trends that will impact the future of the market.
Two reasons for the uptick in…
July 6th Argument Will Address Discovery in Tesla Shareholder Rights Case
By Rich Bodnar & Anna Menkova
Attorneys for the investors in Tesla Inc. will argue that they have the right to use testimony from Elon Musk’s recent deposition in another case involving Musk’s control over Tesla and board conflicts in their action slated to go to…