The April 2025 update in Practical Guidance has introduced an extensive array of new resources, refined trackers, and innovative templates across multiple legal practice areas. Designed to address contemporary...
With multiple European and South American countries promising an affordable retirement, Americans are increasingly renouncing U.S. citizenship and expatriating, some gaining citizenship, outside the United...
Lease security deposit deductions typically cover repair costs for damages beyond normal wear and tear and cleaning expenses when rentals are returned in substandard condition. However, landlords and tenants...
Indemnification provisions and representations and warranties are critical components in private target acquisition agreements because they determine the allocation of post-closing transaction risks. Once...
This practice note covers dietary supplement structure/function claims and the laws and regulations, administrative guidance, and federal cases that govern them. Read now » Related Content ...
The Delaware Court of Chancery recently issued its first opinion involving shareholder challenges to de-SPAC transactions in In re Multiplan Stockholders Litigation. The case involved breach of fiduciary duty claims brought by the SPAC’s public shareholders against the SPAC, the SPAC’s sponsor, and the SPAC’s board of directors. Plaintiffs’ complaint stemmed from allegations that the defendants failed to make adequate disclosures in the de-SPAC transaction’s proxy statement and other documents. In largely rejecting the defendants’ motion to dismiss, the court applied the entire fairness standard, leaving open the possibility of increased litigation challenging de-SPACs and also raising key questions about the potential scope of liability of directors and officers of SPACs organized under Delaware law. Check out this article from attorneys at Freshfields Bruckhaus Deringer LLP discussing this much-anticipated decision.
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