Jacey Gottlieb

Jacey Gottlieb

Hogan Lovells

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Solak v. Mountain Crest Capital: fiduciary duties claims abound for SPAC sponsors and directors

In Solak v. Mountain Crest Capital, the Delaware Court of Chancery found that a stockholder plaintiff pleaded a viable breach of fiduciary duty claim based on an alleged failure of the board of directors of a SPAC to disclose...more

5/27/2025  /  Board of Directors , Breach of Duty , Delaware , Disclosure Requirements , Fiduciary Duty , Mergers , Motion to Dismiss , Securities Litigation , Shareholder Litigation , Special Purpose Acquisition Companies (SPACs)
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