Although SPACs have been around for decades, only recently have they experienced an incredible surge in popularity and, inevitably, attention from regulators and plaintiffs’ law firms, writes law firm Goodwin Procter in an article for JD Supra.
As a result of this increase in scrutiny, it is crucial that SPAC sponsors, their boards of directors, and the directors and officers of acquisition targets take steps to limit litigation risk and minimize associated costs. Although each transaction presents its own unique circumstances, adherence to a thorough and well-documented transaction process is critical. Read more.
