Topic
SPAC Litigation
51 published works
The D&O Diary
Webinar: SPAC and De-SPAC Litigation, Regulation, and Investigations
On September 28, 2021, I will be participating on a panel as part of a webinar being put on by Sandpiper Partners LLC entitled “SPACs, De-SPACs, and SPAC Litigation.” The…
The D&O Diary
eCommerce Firm Hit with SPAC-Related Securities Suit
In the latest SPAC-related securities class action lawsuit filing, a plaintiff shareholder has filed a class action lawsuit against Katapult Holdings, an ecommerce firm providing online financing and product purchase…
The Capital Commitment
Bloomberg Law: SPAC Procedural Issues & Risks
By Michael R. Hackett, Timothy W. Mungovan, Todd J. Ohlms, Jonathan M. Weiss, David W. Heck
As a part of an ongoing litigation series in Bloomberg Law, Proskauer shifts focus to the rise of SPACs and associated risks. In this article, Mike Hackett, Timothy Mungovan, Todd…
The D&O Diary
SPAC Subject to SEC Enforcement Action Hit with Follow-On Securities Suit
As I noted in a prior post, last week the SEC filed an enforcement action against Stable Road Acquisition Corp., a special purpose acquisition company (SPAC), and its intended merger…
The D&O Diary
Used Vehicle Re-Seller Hit with SPAC-Related Securities Suit
One of the most distinct securities litigation phenomena so far this year has been the increase in securities litigation involving post-SPAC-merger operating companies. In the latest example of this type…
The D&O Diary
Will SPAC Warrant Accounting Restatements Result in Further Securities Class Action Litigation?
On April 12, 2021, when John Coates, the acting director of the SEC Division of Corporate Finance, and Paul Munter, the SEC’s acting chief accountant, issued a statement noting their…
The Capital Commitment
SPACs: Sure, Proceedings Are Coming
Proskauer’s Asset Management Litigation partner Dorothy Murray recently authored an article on litigation risks of SPACs. Dorothy details why the recent popularity of this latest incarnation of so-called “blank cheque”…
The D&O Diary
Guest Post: SPACs and SPAC-Related Litigation: A Primer on Reducing Litigation and Enforcement Risk
[caption id="attachment_21543" align="alignleft" width="203"] Paul R. Bessette[/caption] [caption id="attachment_21545" align="alignleft" width="215"] Chris Crawford[/caption] As I have documented on this site, along with the rapid rise of SPAC-related transaction activity has…
Corporate Defense and Disputes
Underperforming SPAC Still Subject to Federal Claims in Securities Class Action
If 2020 was the “Year of the SPAC,” 2021 may be turning into the year of the SPAC class action. We have already followed numerous cases where recently formed SPACs…
The D&O Diary
SPAC-Related State Court Merger Objection Litigation
In reporting in prior posts on SPAC-related litigation, I have primarily focused on federal court securities class action litigation (for example, here). In addition to the federal court litigation, there…