Litigators at Latham & Watkins and Quinn Emanuel Urquhart & Sullivan held webinars last week to discuss the wave of cases they’re expecting to see in the wake of all the deal activity involving SPACs, Litigation Daily reports. Off-the-mark performance projections and misaligned incentives between SPAC sponsors and investors will be key areas of dispute. Read more.
Related Posts
San Diego Law Firm Launches SPAC ‘Task Force’
The firm said its task force is "dedicated to rooting out and prosecuting fraud on behalf of injured blank-check company investors."
Falcon Capital Announces Separate Trading of Stock and Warrants
Falcon Capital announced that shareholders in the SPAC's Sept. 24 IPO may elect to separately trade the shares of Class A common stock and warrants included in the units starting Nov. 12.
No Relief for SPACs Under Buyback Tax Proposal
The Treasury Department and IRS decided it was neither necessary nor appropriate to adopt special rules for SPACs in the proposed regulations. As a result, SPACs are generally subject to the rules in the same manner as other taxpayers.
Are SPACs Going to Lose Their Safe Harbor?
An increase in potential liability will not only influence the disclosures and communication made by a SPAC, the target, and their respective directors and officers, but also impact the directors and officers liability insurance.