Lori W. Will partner with Wilson Sonsini Goodrich & Rosati. Coutesy Photo Shareholder Redemption Rights Claims Advance in New Chancery Court SPAC Decision
Whether representing a SPAC or not, fiduciaries are required under Delaware law to be transparent with shareholders, Vice Chancellor Lori Will said, noting however that the unique structure of a SPAC leads shareholders to be harmed individually if they aren't able to fairly exercise their redemption rights.
January 04, 2023 at 03:36 PM
4 minute read
Deals and Transactions
A SPAC shareholder prevailed Wednesday morning when Vice Chancellor Lori Will decided his claims can move forward, rejecting the SPAC's attorneys' argument that Will's own precedential decision didn't apply.
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