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Delaware Court Of Chancery Applies Entire Fairness To De-SPAC Transaction In First Major Decision Involving SPAC Litigation - Corporate/Commercial Law

In In re Multiplan Corp. Stockholder Litigation, C.A. No. 2021-0300-LWW (Del. Ch. Jan. 3, 2021), Vice Chancellor Lori Will of the Delaware Court of Chancery issued the first major decision applying Delaware law ...
United States Klein Group Court Opinion Inre Multiplan Corp Delaware Court Multiplan Inc
Source: mondaq.com

Chancery Applies Traditional Fiduciary Principles to a SPAC in First Test of the Popular Vehicle for Private Companies to Access Public Markets under Delaware Corporate Law | Morris James LLP

A Special Purpose Acquisition Company or SPAC is a popular investment vehicle to take private companies public. A SPAC, commonly referred to as a blank check company, is a company whose...
United States Michael Klein Multiplan Corp While The Court Multiplan Inc Churchill Capital Corp

Delaware Chancery Court Decision Highlights Risks Of Liability For Directors In SPAC Deals - Corporate/Commercial Law

A recent Delaware Chancery Court decision highlights the liability risks faced by directors and sponsors of special purpose acquisition companies and the importance of robust disclosure in protecting against those risks.
United States Multiplan Corp Chancery Court Multiplan Inc Churchill Capital Corp Delaware Chancery Court
Source: mondaq.com

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