SPACs allow companies to go public with greater speed and with fewer hurdles than an IPO. These innovations combined with unprecedented deal volume may signal an increased risk for disputes, especially where the SPAC process and structure can present unique pitfalls.
At least one securities class action focusing on the restatement of SPAC warrants has been filed. It remains to be seen whether stock price declines in response to restatements and/or disclosures of weaknesses by SPACs are of sufficient magnitude to prompt more lawsuits.
For the next state in Bradley's ongoing series, we focus on the bid protest procedures in the State of Alabama, including administrative protests, requests for proposals for goods and services and public works projects, and what protests must contain.
The California Department of Fair Employment and Housing announced a new effort to detect and correct violations of the Fair Chance Act California’s ban-the-box law by using online technology to identify words and phrases in job advertisements that violate the FCA.
As the nation battles the coronavirus and all its negative consequences, the FTC has increased investigative efforts into individuals and companies allegedly engaged in unfair and deceptive practices on social media platforms or fraudulent online advertising.