Litigation involving SPACs continues to heat up in Delaware, The New York Law Journal reports. One year into this litigation boom, plaintiffs continue to sue SPAC management, founders, and sponsors for various alleged breaches of fiduciary duties. A recent decision—Delman v. GigAcquisitions3, 2023 WL 29325, (Del. Ch. Jan. 4, 2023)—could accelerate that trend and portend a narrowing of available defenses. Read more.
Delaware Courts Rejecting SPAC Defenses
