Benjamin M Daniels Arila Zhou

Benjamin M Daniels Arila Zhou

May 15, 2023 | New York Law Journal

Delaware Courts Rejecting SPAC Defenses

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—could accelerate that trend and portend a narrowing of available defenses.

By Benjamin M. Daniels, Arila Zhou and Sabrina Galli

9 minute read