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Delaware Chancery Court Refuses To Stay SPAC Class Action, Highlighting The Court's Interest In SPAC Issues—and The Risk Of Duplicative State And Federal SPAC Litigation - Corporate/Commercial Law

On March 7, 2022, the Delaware Chancery Court denied a motion to stay a putative class action pending the resolution of a federal securities class action, notwithstanding that the federal action was first-filed and...
United States Sholders Litig Seyfarth Shaw Multiplan Corp Court Chancery Lordstown Motors Corp
Source: mondaq.com

Delaware Chancery Court Refuses to Stay SPAC Class Action, Highlighting the Court's Interest in SPAC Issues—and the Risk of Duplicative State and Federal SPAC Litigation | Seyfarth Shaw LLP

On March 7, 2022, the Delaware Chancery Court denied a motion to stay a putative class action pending the resolution of a federal securities class action, notwithstanding that the...
United States Sholders Litig Seyfarth Shaw Multiplan Corp Court Chancery Purpose Acquisition Company

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Delaware Court Of Chancery Rejects Motion To Stay SPAC Breach Of Fiduciary Duty Suit Pending Parallel Federal Securities Action | Shearman & Sterling LLP

On March 7, 2022, Vice Chancellor Lori W. Will of the Delaware Court of Chancery denied a motion to stay a putative class action brought by legacy stockholders of DiamondPeak Holding...
United States Multiplan Corp United States District Court Mcdowell Wellman Engineering Corp Mcwane Cast Iron Pipe Corp Delaware Court

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