To embed, copy and paste the code into your website or blog: Most of the recent shareholder litigation that has followed the current wave of Special Purpose Acquisition Company (SPAC) offerings and associated business combinations has been based on federal securities law claims. However, as a case filed in the Delaware Court of Chancery, Kwame Amo vs. MultiPlan Corp. et al., highlights, SPAC sponsors, directors and officers also face a risk of state law breach of fiduciary claims, in which plaintiff asserts that the defendants’ actions should be judged under the heightened scrutiny of the entire fairness standard. It bears emphasis that the present complaint represents only plaintiff’s allegations, that the defendants have not yet responded to the pleading, and that the legal assertions it makes have not been tested by a motion to dismiss or other motion practice. But those pursuing SPAC transactions and their advisors will want to consider the possibility of such claims in structuring transactions.