Topic
SPACs
324 published works
The D&O Diary
Shareholders Sue Former SPAC Execs in Delaware Direct Fiduciary Duty Breach Action
Earlier this year, when Vice Chancellor Lori Will sustained the plaintiff’s SPAC-related Delaware State Court direct breach of fiduciary duty action against the motion to dismiss of the former directors…
The D&O Diary
SPAC Board and Sponsor Hit with Delaware State Court Breach of Fiduciary Duty Direct Action
Though SPAC-related lawsuits were among the most important factors contributing to securities class action litigation filing volume in 2022, SPAC-related litigation has not yet been as significant of a factor…
The Securities Law Blog
SEC Charges Hedge Fund Trader and Broker-Dealer Partner in Multi-Million Dollar SPAC Insider Trading Scheme
The Securities and Exchange Commission today filed insider trading charges against Sean Wygovsky, a former trader at a Canadian asset management firm, and Christopher Matthaei, a former partner at a…
Free Writings + Perspectives
The SPAC Life Cycle: Business, Legal, and Accounting Considerations Forum 2023
April 18, 2023 Hybrid Register here. Mayer Brown partner Eddie Best will be a co-chair of the Practising Law Institute’s The SPAC Life Cycle: Business, Legal and Accounting Considerations 2023. This…
Securities Law Prof Blog
New Securities Law Articles in Print
The following law review articles relating to securities regulation are now available in paper format:Peter Giovine, Note, Arbitration and FINRA's Customer Code: A Tailored Approach to When a Forum Selection…
Securities Law Prof Blog
New Securities Law Articles in Print
The following law review articles relating to securities regulation are now available in paper format:Meiring de Villiers, Rule 10b-5 Meets Wagon Mound: A New Perspective on Loss Causation, 23 Minn. J.L.…
The D&O Diary
First SPAC-Related Securities Suit Filing of 2023
As I noted in my recent year-end round up of the top D&O stories of 2022, one of the important trends last year was the volume of SPAC-related D&O litigation.…
Sidley Austin Blog
SPAC in Action: Court of Chancery Applies Entire Fairness Review in Declining to Dismiss SPAC Lawsuit
By Jon Muenz
The recent Court of Chancery decision in Delman v. GigAcquisitions3 offers some interesting insights into the circumstances in which “entire fairness” review applies, and where “Corwin cleansing” can be used…
Securities Law Prof Blog
New Securities Law Articles in Print
The following law review articles relating to securities regulation are now available in paper format:Chien-Chung Lin, Huan-Ting Wu & Yang Li, Insiders and Their Trading Games in China: Law, Enforcement Data, and…
Known Trends
Delaware Court of Chancery Issues Two Opinions in the SPAC Context
In recent weeks, the Delaware Court of Chancery has issued two noteworthy opinions in the special purpose acquisition company (SPAC) context—one related to fiduciary duties and one related to the…