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Delman Decision in Delaware Chancery Court on SPACs Sponsors

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. As a result of the recent decision in Delman v. Gigacquisitions3, LLC, et al.
United States Multiplan Corp Delaware Chancery Court Stockholders Litig Chancery Court Elmanv Gigacquisitions3

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...
United States Michael Klausner Michael Ohlrogge Emily Ruan Avi Katz Michael Ohlrogge Harold Halbhuber Yalej Reg

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