SPAC Shareholder Litigation – First Fire- On January 3, 2022, the Delaware Court of Chancery denied a motion to dismiss a shareholder lawsuit against a SPAC’s sponsor, its directors, and financial advisor claiming among items, breach of fiduciary duty. The facts supporting the claim mirror common factual scenarios in SPAC and de-SPAC (acquisition transaction) transactions where the post SPAC public company has a decline in stock value..
For More on the blog go to https://securities-law-blog.com/ !
Please comment down below and start the conversation.
Our Score
Click to rate this post!
[Total: 0 Average: 0]
Post Views: 1,532