Topic
SPACs
324 published works
The D&O Diary
Post-Merger Commercial Space Launch Company Hit with SPAC-Related Securities Suit
In the latest SPAC-related securities class action lawsuit to be filed, a plaintiff shareholder has filed a post-merger lawsuit against a commercial space launch company that merged with a SPAC…
Free Writings + Perspectives
Staying Nimble in the SPAC PIPE Market
By Anna T. Pinedo, Brian Hirshberg
The environment for de-SPAC transactions has changed dramatically from just a year ago. Redemptions by SPAC shareholders have risen substantially, SPAC PIPE investors have been less willing to hold illiquid…
The D&O Diary
SPAC-Related Securities Suit Filed Against Electric Vehicle Company
In the latest example of a SPAC-related securities class action lawsuit against a post-SPAC-merger company in the electric vehicle industry, a plaintiff shareholder has filed a securities suit against Electric…
The CLS Blue Sky Blog
Sullivan & Cromwell Discusses Delaware Chancery’s First Fiduciary-Duty Opinion on SPACs
By John Hardiman, Matt Goodman, Carson Zhou, Matthew Strand
On January 3, 2021, in In re MultiPlan Corp. Stockholders Litigation,[1] the Delaware Court of Chancery denied a motion to dismiss a complaint brought by SPAC stockholders against the SPAC, its…
The D&O Diary
SPACs and De-SPACs: Just the Facts
One of the biggest stories in the financial world for the last 18-24 months has been the astonishing surge in SPAC-related activity. Some readers will recall that in the midst…
The CLS Blue Sky Blog
Fintech SPACs Have Been Swimming Naked – and the Tide Is Going Out
Acorns Grow Inc., the financial technology and investing startup, said last week that it was abandoning its $2.2 billion merger with SPAC Pioneer Merger Corp., putting itself on the hook…
Free Writings + Perspectives
SPAC Series: Recent SPAC Developments
February 15, 2022 Webinar 12:00pm - 1:00pm EST Register here. SPAC transactions made headlines in 2021. Over 613 SPAC IPOs raised $162 billion, and 195 SPAC business combinations were completed…
Litigation Finance Journal
L&F Acquisition Corp Defies Expectation with Acquisition Target
By John Freund
All eyes are on L&F Acquisition Corp, launched by former chair of Kirkland & Ellis, Jeff Hammes, and CEO of Keller Lenker, Adam Gerchen. It was assumed that the SPAC…
Delaware Corporate & Commercial Litigation Blog
Chancery Court says public investors may prove SPAC insiders duped them into backing merger
This post was prepared by Frank Reynolds, who has been following Delaware corporate law, and writing about it for various legal publications, for over 30 years. A novel Delaware Chancery…
The D&O Diary
First SPAC-Related Securities Suit of the New Year Filed
As I noted in my recent round-up of the Top Ten D&O Stories of 2021, one of last year’s important securities litigation stories was the onslaught during the year of…