The budget reconciliation bill passed the House of Representatives by a one-vote margin, 215 to 214, and soon will be considered by Senate committees. The day before the House vote, the Rules Committee...
State regulations on housing discrimination protect individuals even when they are not otherwise included under federal law. Explore this U.S. 50 state, District of Columbia, and U.S. territories law survey...
Artificial intelligence (AI) is no longer a future consideration—it’s a core component of how businesses operate today. From automating workflows to powering proprietary tools, AI is reshaping...
This checklist covers the applicability of artificial intelligence (AI) in areas critical to life sciences and healthcare companies, including data privacy, intellectual property, and research and development...
Do you need to understand key labor and employment considerations for companies and their legal counsel navigating mergers and acquisitions and other business transactions? Review our recently published...
* The views expressed in externally authored materials linked or published on this site do not necessarily reflect the views of LexisNexis Legal & Professional.
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.
READ NOW »
Related Content
Practical Guidance Updates Featuring the latest updates from your Practical Guidance account.
Experience results today with practical guidance, legal research, and data-driven insights—all in one place.Experience Lexis+