The lobby of BuzzFeed in Manhattan in 2020. The underlying dispute involves the SPAC transaction that led to BuzzFeed going public last year. Photo: Ted Shaffrey/AP BuzzFeed Won't Be Held to Arbitration Mandates in Ex-Employees' Contracts
Agreements signed before the company was acquired by a SPAC can't force the dispute over former executives' participation in an IPO into arbitration, Vice Chancellor Morgan Zurn said.
October 31, 2022 at 03:27 PM
4 minute read
Contracts
A post-IPO BuzzFeed Inc. and its management can't be bound to an arbitration clause in employee contracts that were signed before the company was acquired by an SPAC, Vice Chancellor Morgan Zurn has decided.
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