The SPAC Series: Litigation and Enforcement Developments

There have been a number of litigation and enforcement developments targeting the SPAC market. These include private litigation claims brought following de-SPAC transactions in Delaware Chancery Court alleging breaches of fiduciary duty, federal securities claims relating to proxy/prospectus disclosures, and federal securities fraud claims relating to stock price declines following market revelations.

Join us in our last installment of our SPAC Series for a discussion of recent enforcement developments. During this session, panelists will discuss:

• Breach of fiduciary duty claims including a discussion of the Delaware Chancery Court’s opinion in In re Multiplan Corp. Stockholders Litigation
• Potential responses to this litigation and the allegations of conflicts of interest in the SPAC structure
• Federal securities disclosure claims
• Federal securities litigation relating to post de-SPAC disclosures and the impact of short sellers and other market participants
• The importance of adequate diligence of the target and fulsome disclosures to avoid litigation

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