March 4, 2022 Webinar
12:00pm – 1:00pm EST
Register here.

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.

In our last installment of our SPAC Series discussing recent enforcement developments, Mayer Brown partners, Brian Massengill and Anna Pinedo, and Professor Michael Klausner of Stanford Law School, will cover:

  • 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