May 15, 2023 | New York Law Journal
Delaware Courts Rejecting SPAC DefensesOne 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
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