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Pair Of Delaware Chancery Court Decisions Deny Motions To Dismiss SPAC Shareholder's Fiduciary Breach Claims, Following MultiPlan | Shearman & Sterling LLP

On January 4, 2023, and again on March 1, 2023, Vice Chancellor Lori Will of the Delaware Court of Chancery denied motions to dismiss claims against directors and controlling...
United States Shearman Sterling Multiplan Corp Delaware Court Vice Chancellor Lori Will Stockholders Litigation

Catching Up With Delaware's Chancery Court

Shareholders of AMC Entertainment, Rocket Mortgage and UpHealth saw their cases move forward in Delaware's Court of Chancery last week; shareholders of Meta Platforms andย McDonald's had their suits tossed; and shareholders of MultiPlan Corp., Viacom Inc. and Charter Communications Inc.,ย struck three separate deals to end their suits in settlements worth more than $243 million.
United States Lesliea Pappas Multiplan Corp Viacom Inc Delaware Court Charter Communications Inc
Source: law360.com

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).
United States Michael Klausner Avi Katz Michael Ohlrogge Harold Yalej Reg Ohlrogge Emily Ruan
Source: mondaq.com

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