Topic
SPAC Litigation
51 published works
Sidley Austin Blog
Court of Chancery Issues Rare Pre-Discovery Dismissal of Entire Fairness Claim
By Deepa A. Chari, Ian M. Ross
In February, in an offshoot of the dwindling SPAC boom, the Delaware Court of Chancery dismissed a shareholder derivative lawsuit in In re Skillsoft Stockholders Litigation, No. 2023-1179-JTL (Feb. 7,…
Sidley Austin Blog
SPAC Litigation Continues to Churn in the Belly of the Chancery Beast
By Heather Benzmiller Sultanian, Aleena Tariq
As this blog has consistently observed, although the well of SPAC mergers substantially dried up a few years ago, the wave of lawsuits stemming from those de-SPAC mergers has not…
The D&O Diary
ATI Physical Therapy Settles SPAC-Related Litigation for $31 Million
As I have noted in numerous posts on this site (most recently here), SPAC-related litigation has been a significant factor in the overall volume of corporate and securities litigation filings…
The D&O Diary
Delaware Court Grants Dismissal Motion in SPAC Transaction Proxy Disclosure Case
As readers of this blog know, one of the vestiges of the SPAC frenzy that peaked in 2021 is a large volume of SPAC-related securities class action litigation; indeed, as…
Sidley Austin Blog
Even After Multiplan, Pleading Standards Still Have Teeth in SPAC Cases
By Jim Ducayet, Heather Benzmiller Sultanian, Thomas H. Collier
In 2022, the Delaware Court of Chancery decided In re MultiPlan Corp. S’holders Litig., 268 A.3d 784 (Del. Ch. 2022) (“Multiplan”), a landmark case setting the legal framework for assessing…
The D&O Diary
EV Company Hit With SPAC-Related Securities Suit
SPACs were back in the business headlines again last Friday, as the news circulated that shareholders of Digital World Acquisition Corp., a special purpose acquisition company, had approved the proposed…
The D&O Diary
Guest Post: SPACs Poised to Turn a Corner in 2024: Annual Risk Update
Yelena Dunaevsky Teresa Milano As readers of this blog well know, SPAC transactions have been a frequent target of corporate and securities lawsuits. In the following guest post, Yelena Dunaevsky,…
The D&O Diary
EV Company Hit with SPAC-Related Securities Suit
One of the most important securities class action litigation trends in recent years has been the wave of securities lawsuits involving SPACs. And while as time has passed since the…
The D&O Diary
SPAC-Related Suit Shows How Geopolitical Risk Can Translate into Securities Litigation
One factor that contributed significantly to the total number of securities class action lawsuits filed in 2021 and 2022 was the proliferation of SPAC-related securities suit filings. Although diminished in…
Sidley Austin Blog
Plaintiffs Try Their Luck Against Lottery.com SPAC Financial Advisor
By James Heyworth, Martin W. Sigalow
This blog frequently has covered SPAC-related litigation (recently, here, here, and here), and the potential consequences of the Delaware Court of Chancery’s rulings in the MultiPlan and Gig3 cases. As…