Howard B. Epstein and Theodore A. Keyes SPAC Litigation and Insurance Implications
For this edition of their Corporate Insurance column, Howard B. Epstein and Theodore A. Keyes teamed up with their insurance broker colleagues at Alliant Insurance Services to co-author a discussion of insurance issues associated with the SPAC-related lawsuits, which can be complex because they implicate three separate D&O insurance programs.
June 25, 2021 at 12:30 PM
9 minute read
As we move into the summer months of 2021, it is growing increasingly difficult to open a legal publication without reading about Special Purpose Acquisition Companies or SPACs. Many articles discuss the ever-growing number of SPACs, the increased regulatory scrutiny and anticipated regulations or the growing number of SPAC-related lawsuits. For this column, we teamed up with our insurance broker colleagues at Alliant Insurance Services to co-author a discussion of insurance issues associated with the SPAC-related lawsuits. These issues can be complex because SPAC-related lawsuits may implicate three separate directors' and officers' (D&O) insurance programs—(1) the insurance policies issued to the SPAC; (2) the insurance policies issued to the existing operating company; and (3) the go-forward policies issued to the post-transaction public entity.
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