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In Short - SPAC Deals: Special purpose acquisition companies ("SPACs") boomed in 2020 as a means of taking early-stage private companies public. Following enhanced scrutiny from...
Operator: Hello, and welcome to today's MultiPlan Corporation First Quarter 2023 Earnings Conference. My name is Bailey, and I'll be the moderator for today's call.
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...
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 and McDonald's had their suits tossed; and shareholders of MultiPlan Corp., Viacom Inc. and Charter Communications Inc., struck three separate deals to end their suits in settlements worth more than $243 million.
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).