Topic
SPACs
324 published works
California Corporate & Securities Law Blog
The Investment Company Act – "We Didn't Start The Fire . . ."
The big news in SPAC world has been the attempts of two law professors (Robert Jackson and John Morley) to define them as investment companies. They argue that SPACs meet…
The CLS Blue Sky Blog
The Anti-SPAC Attack Claque
A joint letter by 58 law firms is certainly a notable declaration, particularly when pulled together within a mere 10 days after litigation initiated by esteemed scholars. Observers might be…
Free Writings + Perspectives
Multi-Firm Statement in Response to 1940 Act Suits Against SPACs
By Anna T. Pinedo, Carlos E. Juarez
Over 60 law firms, including Mayer Brown, signed a joint statement responding to a recent action against a SPAC asserting that SPACs are investment companies under the Investment Company Act…
Securities Law Exchange
[Webinar] Lessons Learned from the Trenches of a SPAC and De-SPAC
Special purpose acquisition companies (SPACs) continue to pique investor interest as an attractive mechanism through which a private company can raise growth capital and become a publicly traded entity. As…
The CLS Blue Sky Blog
Cleary Gottlieb Discusses Final Rules For UK-Listed SPACs
By Sebastian R. Sperber, Ferdisha Snagg, Mohamed Taha, Bree Morgan-Davies, Julian Cardona
On July 27, 2021, the Financial Conduct Authority (“FCA”) published a policy statement that includes final rules amending the UK Listing Rules, and new associated guidance, applicable to special purpose…
The D&O Diary
More SPACs-Are-Really-Investment-Companies Derivative Suits Filed
Last week, when a group of plaintiffs’ attorneys filed a shareholder’s derivative suit against Bill Ackman’s SPAC seeking damages and alleging the company was really an Investment Company that should…
Cleary M&A and Corporate Governance Watch
Final Rules for UK-listed SPACs
On July 27, 2021, the Financial Conduct Authority (“FCA”) published a policy statement that includes final rules amending the UK Listing Rules, and new associated guidance, applicable to special purpose…
The D&O Diary
SPAC-Related Securities Suit Hits Smart Building Products Tech Company
In my previous blog post, I noted that plaintiffs’ attorneys’ have been and are continuing to file SPAC-related securities class action suits, and I also noted that the latest filings…
The D&O Diary
Bill Ackman’s SPAC’s Directors Hit With Derivative Suit Over “Staggering” Compensation
Regular readers know that I have been tracking SPAC-related securities class action lawsuits and other SPAC-related litigation. As I discuss in the second item below, the SPAC-related class actions have…
The D&O Diary
SPAC-Related Class Action Breach of Fiduciary Duty Lawsuit Filed in Delaware Chancery Court
As I have noted in prior posts (most recently here),over the last several months plaintiff shareholders have filed numerous SPAC-related securities class action lawsuits. In an interesting variant of SPAC-related…