Topic
SPACs
324 published works
The D&O Diary
SPAC-Related Securities Suit Dismissals Could Be Significant for Other Cases
In two dismissal motion grants last week in pending SPAC-related securities suits, the respective courts’ rulings could have potential significance for other pending or prospective SPAC-related cases. The January 10,…
The D&O Diary
Liquidating SPAC Hit With Suit Over Proposed Asset Distribution
As I noted in my recent round-up of D&O insurance issues, one of the consequences of the end of the SPAC IPO boom is that many of the SPACs…
The Securities Law Blog
SEC Charges Former SPAC CFO for Orchestrating $5 Million Fraud Scheme
The Securities and Exchange Commission today announced fraud charges against Cooper J. Morgenthau, the former CFO of African Gold Acquisition Corp., a SPAC or special purpose acquisition company, for orchestrating…
ContractsProf Blog
Buzzfeed Does Not Have to Arbitrate Claims Brought by Employees
The litigation arose out of a SPAC acquisition of Buzzfeed by a special purpose entity, 890 5th Avenue Partners, Inc. (890). The Court refers to 890 as "New Buzzfeed" and…
Policyholder Pulse
Closing Up the SPAC Shop: Insurance Consequences and Opportunities for Liquidating SPACs
By Bryan J. Coffey, Clark Thiel
In 2020 and 2021, Special Purpose Acquisition Companies (SPACs) were all the rage. A SPAC is a “blank check company,” publicly traded, and organized for the purpose of merging with…
Eye on Enforcement
Securities and Exchange Commission Announces FY 2022 Enforcement Results
By Bradley
On November 15, 2022, the Securities and Exchange Commission announced the results of its Division of Enforcement activity for the 2022 fiscal year. Actions speak louder than words and—while the…
The D&O Diary
Electric Scooter Company Hit With SPAC-Related Securities Suit
After a several months-long lull in which relatively few SPAC-related securities suits were filed, plaintiffs’ lawyers have now in the past several days filed several new cases. The latest example…
Louis Lehot Medium Blog
How Are New Excise Taxes Levied Under the Inflation Reduction Act Likely to Impact SPACs?
By Louis Lehot
As if we were not in a deep winter already in market conditions, SPACs are now facing a significant new hurdle.This is because the recently enacted Inflation Reduction Act (IRA) included…
The D&O Diary
SPAC-Merged Real Estate Platform Hit with Securities Suit
In the latest lawsuit to emerge in the aftermath of the recent SPAC frenzy, a plaintiff shareholder has filed a securities class action suit against Opendoor Technologies, a residential real…
The D&O Diary
SPAC-Related Securities Suit Filed Against Building Technology Company
In the latest SPAC-related federal court securities class action lawsuit to be filed, a plaintiff shareholder has filed a securities suit against a building management technology company – which merged…