mai 19 2021

Special Purpose Acquisition Companies Under SEC Scrutiny: Mitigating Potential Liability for Offering Participants


We presented our third webinar in our Banking & Financial Services Litigation webinar series.

This panel discussed special purpose acquisition companies (SPACs), including:

An overview of the SPAC market and the SPAC and de-SPAC transaction structure

  • The use of forecasts in connection with marketing the de-SPAC PIPE transaction
  • The availability of the PSLRA for public companies, like SPACs; comparison to IPOs; and recent SEC Staff statements
  • Cautionary language and diligence with respect to forecasts
  • Conflicts of interest in the context of SPAC transactions: SPAC board duties, diligence obligations, SEC Staff comments
  • Bringing claims for breach of fiduciary duty
  • Securities disclosure cases and proxy (14A) versus prospectus (S-4) standards
  • PIPE-related claims

CLE is not available when viewing a recording of this program. In order to receive credit you must have attended the live webinar program.

Compétences et Secteurs liés

Domaines de compétences


Stay Up To Date With Our Insights

See how we use a multidisciplinary, integrated approach to meet our clients' needs.