Trends & Strategies For SPAC Litigation: Navigating the Evolving Legal Landscape of Special Purpose Acquisition Companies
Join this webcast where experts in SPAC litigation explore the defining trends, strategies, and best practices for mitigating litigation risk and protecting the interest of the SPACs and their founders, and on the other hand, of investors and shareholders.
March 10, 2022 at 10:47 AM
3 minute read
ON-DEMAND ONLY
This event is now available on-demand. If you have previously registered for this event please click here and login using the email that you used to register.
Cost: Complimentary
Produced and sponsored by:
The last two years have ushered in an exponential rise in Special Purpose Acquisition Company (SPAC) transactions, and, subsequently, a surge in shareholder litigation and a consequent increase in post-merger redemptions by shareholders.
As SPAC litigation develops rapidly, what trends are driving the evolving laws around SPAC transactions? What interests are investors seeking to protect? What are the best forums for such litigation? How does SPAC litigation differ from IPOs?
Join this webcast where experts in SPAC litigation explore the defining trends, strategies, and best practices for mitigating litigation risk and protecting the interests of the SPACs, their founders and investors. You will learn:
- The development of the law governing SPAC transactions.
- Mitigation strategies to avoid litigation in a SPAC transaction.
- How SPAC shareholder litigation is evolving.
Speakers
Hon. Marcy Friedman (Ret.) – Mediator, Arbitrator and Referee/Special Master – JAMS New York
Hon. Marcy Friedman (Ret.) joined JAMS after having served as a judge in the New York State courts for nearly 30 years. Since 2000, she has presided in the Supreme Court of the State of New York, New York County, and was appointed to that court's Center for Complex Litigation. In 2012, Justice Friedman was appointed to the Commercial Division and was designated to hear all residential mortgage-backed securities (RMBS) cases filed after 2013. In this assignment, she heard dozens of RMBS fraud, breach of contract and investor actions against securitizers and mortgage originators, as well as cases seeking judicial approval of settlements of these actions and judicial instructions as to the distribution of settlement payments to various classes of investors.
Having heard thousands of cases during the course of her judicial career, Justice Friedman has extensive experience conducting settlement conferences as well as presiding over both bench and jury trials. She is widely respected for her meticulous attention to detail and tenacious, evenhanded pursuit of justice.
Mark Lebovitch, Esq. Partner, New York & Wilmington - Bernstein Litowitz Berger & Grossmann LLP
Mark Lebovitch co-leads the firm's corporate governance litigation practice, focusing on the startup and conclusion stages of the practice's derivative suits and transactional litigation. Working with his institutional investor clients, he fights to hold management accountable, pursuing meaningful and novel challenges to alleged corporate governance-related misconduct and anti-shareholder practices. A seasoned litigator, Mark also prosecutes securities fraud class actions and has been a senior or lead member of the trial teams on some of the most high-profile securities fraud class actions and corporate governance litigations in history. His cases regularly result in key legal precedents while helping recoup billions of dollars for investors and improving corporate governance practices.
Susan Saltzstein Esq. Partner, Securities Litigation; Complex Litigation and Trials – Skadden
Susan Saltzstein is co-deputy of Skadden's U.S.-wide Securities Litigation Group. Her sophisticated litigation practice focuses on the representation of U.S. and global financial institutions, corporations and individual clients embroiled in complex securities, corporate and commercial litigation in federal and state courts. Susan's experience extends to class and derivative actions, investigations and corporate control contests, and bet-the-company litigation is one of the mainstays of her practice. In recognition of her work, Susan is one of two women securities litigators ranked by Chambers USA in its top band and she was named a 2021 Securities MVP by Law360.
Andrew Denney – Bureau Chief for the New York Law Journal
NOT FOR REPRINT
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
You Might Like
View AllJudicial Face-Off: Navigating the Ethical and Efficient Use of AI in Legal Practice [CLE Pending]
4 minute readPreparing Your Law Firm for 2025: Smart Ways to Embrace AI & Other Technologies
5 minute readBeyond the finish line: Why the real race begins with CLM Post-Implementation Support
4 minute readTrending Stories
- 1Infant Formula Judge Sanctions Kirkland's Jim Hurst: 'Overtly Crossed the Lines'
- 2Abbott, Mead Johnson Win Defense Verdict Over Preemie Infant Formula
- 3Guarantees Are Back, Whether Law Firms Want to Talk About Them or Not
- 4Trump Files $10B Suit Against CBS in Amarillo Federal Court
- 5Preparing Your Law Firm for 2025: Smart Ways to Embrace AI & Other Technologies
Who Got The Work
Michael G. Bongiorno, Andrew Scott Dulberg and Elizabeth E. Driscoll from Wilmer Cutler Pickering Hale and Dorr have stepped in to represent Symbotic Inc., an A.I.-enabled technology platform that focuses on increasing supply chain efficiency, and other defendants in a pending shareholder derivative lawsuit. The case, filed Oct. 2 in Massachusetts District Court by the Brown Law Firm on behalf of Stephen Austen, accuses certain officers and directors of misleading investors in regard to Symbotic's potential for margin growth by failing to disclose that the company was not equipped to timely deploy its systems or manage expenses through project delays. The case, assigned to U.S. District Judge Nathaniel M. Gorton, is 1:24-cv-12522, Austen v. Cohen et al.
Who Got The Work
Edmund Polubinski and Marie Killmond of Davis Polk & Wardwell have entered appearances for data platform software development company MongoDB and other defendants in a pending shareholder derivative lawsuit. The action, filed Oct. 7 in New York Southern District Court by the Brown Law Firm, accuses the company's directors and/or officers of falsely expressing confidence in the company’s restructuring of its sales incentive plan and downplaying the severity of decreases in its upfront commitments. The case is 1:24-cv-07594, Roy v. Ittycheria et al.
Who Got The Work
Amy O. Bruchs and Kurt F. Ellison of Michael Best & Friedrich have entered appearances for Epic Systems Corp. in a pending employment discrimination lawsuit. The suit was filed Sept. 7 in Wisconsin Western District Court by Levine Eisberner LLC and Siri & Glimstad on behalf of a project manager who claims that he was wrongfully terminated after applying for a religious exemption to the defendant's COVID-19 vaccine mandate. The case, assigned to U.S. Magistrate Judge Anita Marie Boor, is 3:24-cv-00630, Secker, Nathan v. Epic Systems Corporation.
Who Got The Work
David X. Sullivan, Thomas J. Finn and Gregory A. Hall from McCarter & English have entered appearances for Sunrun Installation Services in a pending civil rights lawsuit. The complaint was filed Sept. 4 in Connecticut District Court by attorney Robert M. Berke on behalf of former employee George Edward Steins, who was arrested and charged with employing an unregistered home improvement salesperson. The complaint alleges that had Sunrun informed the Connecticut Department of Consumer Protection that the plaintiff's employment had ended in 2017 and that he no longer held Sunrun's home improvement contractor license, he would not have been hit with charges, which were dismissed in May 2024. The case, assigned to U.S. District Judge Jeffrey A. Meyer, is 3:24-cv-01423, Steins v. Sunrun, Inc. et al.
Who Got The Work
Greenberg Traurig shareholder Joshua L. Raskin has entered an appearance for boohoo.com UK Ltd. in a pending patent infringement lawsuit. The suit, filed Sept. 3 in Texas Eastern District Court by Rozier Hardt McDonough on behalf of Alto Dynamics, asserts five patents related to an online shopping platform. The case, assigned to U.S. District Judge Rodney Gilstrap, is 2:24-cv-00719, Alto Dynamics, LLC v. boohoo.com UK Limited.
Featured Firms
Law Offices of Gary Martin Hays & Associates, P.C.
(470) 294-1674
Law Offices of Mark E. Salomone
(857) 444-6468
Smith & Hassler
(713) 739-1250