On December 6, 2022, the Division of Corporation Finance ("Corp Fin") of the Securities and Exchange Commission ("SEC") issued three new compliance and disclosure interpretations ("C&DIs") related to new Rule 14a-19, the...more
MultiPlan: Chancery court assesses fiduciary duties in the context of de-SPAC transactions -
The Delaware Court of Chancery declined to dismiss, at the pleading stage, breach of fiduciary duty claims made against a SPAC's...more
9/13/2022
/ Acquisitions ,
Board of Directors ,
Breach of Duty ,
Class Action ,
Controlling Stockholders ,
Corporate Counsel ,
DE Supreme Court ,
Delaware ,
Fiduciary Duty ,
Financial Adviser ,
Healthcare ,
Shareholders ,
Special Purpose Acquisition Companies (SPACs)
SPACs have never faced such a challenging environment, for a number of reasons. The overhang of the SEC’s proposed regulations regarding misleading financial projections have had a significant ripple effect. It is now...more