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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). ....

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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. ....

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SPAC Merger Class Action Not Dismissed

Delaware Court of Chancery denied motion to dismiss class action alleging directors and sponsor of special-purpose acquisition company breached fiduciary duties by depriving SPAC’s public stockholders of information material to decision whether to redeem stock before merger. ....

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Delaware Chancery Court Denies Dismissal Of Challenge To SPAC Merger Disclosures - Directors and Officers

The Delaware Court of Chancery yesterday denied a motion to dismiss a class action alleging that the directors and sponsor of a special-purpose acquisition company (a "SPAC"). ....

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Delaware Chancery Court Denies Dismissal of Challenge to SPAC Merger Disclosures | Proskauer - Corporate Defense and Disputes

The Delaware Court of Chancery yesterday denied a motion to dismiss a class action alleging that the directors and sponsor of a special-purpose acquisition company (a “SPAC”) breached. ....

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