August 28, 2023 | The Legal Intelligencer
Continued Challenges Arising From SPAC-Related LitigationRecent decisions by the Delaware Court of Chancery demonstrate that when a SPAC transaction and the disclosures surrounding it are challenged, defendants may face an uphill battle to prevail on a motion to dismiss, especially where breach of fiduciary duty claims have been asserted.
By Jay A. Dubow, Joanna J. Cline and Erica H. Dressler
7 minute read
August 30, 2019 | The Legal Intelligencer
3rd Cir. Reaffirms Well-Established Materiality, Scienter Principles for Rule 10b-5 ClaimsThe U.S. Court of Appeals for the Third Circuit recently reiterated the long-standing principles that a defendant's alleged misrepresentations may be rendered immaterial by a defendant's sufficient disclosure of information; and even if alleged misrepresentations are materially misleading, a Rule 10b-5 claim may still fail if the allegations do not demonstrate a strong inference of scienter.
By Robert L. Hickok, Jay A. Dubow and Erica H. Dressler
6 minute read
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