Here we are again—another year of SPAC ennui. We’re hearing derisive comments about the death of SPACs, unending deadline extensions, almost 200 liquidations, 70 deal terminations, and general SPAC malaise. If you’ve followed...more
2/23/2024
/ Acquisitions ,
Class Action ,
Fiduciary Duty ,
Initial Public Offering (IPO) ,
Investigations ,
Investors ,
Mergers ,
Popular ,
Publicly-Traded Companies ,
Securities and Exchange Commission (SEC) ,
Securities Litigation ,
Special Purpose Acquisition Companies (SPACs)
With SPAC IPOs virtually gone but SPAC mergers (aka de-SPACs) continuing at a steady pace since the beginning of the year, the questions around getting a deal done boil down to the following: How and where can companies get...more
6/23/2023
/ Class Action ,
Corporate Counsel ,
Delaware ,
Enforcement Actions ,
Fiduciary Duty ,
Financial Services Industry ,
Initial Public Offering (IPO) ,
Investors ,
Liquidation ,
Popular ,
Private Investment in Public Equity (PIPEs) ,
Shareholders ,
Special Purpose Acquisition Companies (SPACs) ,
Termination Fees
Tumultuous, exasperating, difficult, nerve-wracking, and frustrating are all apt descriptions of the 2022 SPAC market. We’ve summarized some of its ups and downs in our year in review blog post from October and have touched...more
ERISA litigation has exploded in the past few years, particularly cases alleging excessive fees. Last year was the high-water mark for ERISA class actions with over 200 cases filed, an 80% increase from 2019. 2021 is on track...more
12/15/2021
/ Benefit Plan Sponsors ,
Class Action ,
COBRA ,
Cybersecurity ,
Department of Labor (DOL) ,
Employee Benefits ,
Employee Retirement Income Security Act (ERISA) ,
Environmental Social & Governance (ESG) ,
Excessive Fees ,
Government Investigations ,
Retirement Plan ,
Retirement Plan Providers