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Delaware Chancery Court Issues Delman Decision Potentially Increasing Scrutiny Of The Actions Of SPAC Sponsors And Boards - Directors and Officers

On January 4, the Delaware Chancery Court issued a second decision suggesting that SPAC sponsors and directors proceed with care in connection with de-SPAC transactions (and potentially future SPAC formation).

United statesMichael klausnerAvi katzMichael ohlrogge haroldYalej regOhlrogge emily ruanMultiplan corpHoldings in delmanCourt held the current methodCourt held disclosing board conflicts isMotors incCourt held corwin cleansing is not availableFinancial holdingsDelaware chancery courtStockholders litigChief executive officer

Delaware Chancery Court Issues Delman Decision Potentially Increasing Scrutiny of the Actions of SPAC Sponsors and Boards | Katten Muchin Rosenman LLP

On January 4, the Delaware Chancery Court issued a second decision suggesting that SPAC sponsors and directors proceed with care in connection with de-SPAC transactions (and potentially.

United statesMichael klausnerMichael ohlrogge emily ruanAvi katzMichael ohlrogge harold halbhuberYalej regMultiplan corpMotors incHoldings in delmanCourt held the current methodFinancial holdingsDelaware chancery courtStockholders litigChief executive officerExecutive chairmanGigcapital global

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