A SPAC investor has sued in the Delaware Court of Chancery, claiming that the SPAC’s sponsor is attempting to pocket a $20 million breakup fee after a failed merger.

Shareholders sued Anaplan Inc.’s top officers and key directors late Monday in Delaware’s Chancery Court, challenging their unauthorized, pre-closing approval of massive equity grants that breached a $10.7 billion merger agreement.

Special Opportunities Fund, Inc. has announced a standstill with Delaware Enhanced Global Dividend and Income Fund, which will provide, among other things, a tender offer to purchase up to 30% of common shares contingent on approval of a proposed reorganization.

Bernstein Litowitz Berger & Grossmann LLP and Morris Kandinov LLP will lead Delaware Court of Chancery litigation over a $24 million dispute related to FAST Acquisition Corp.

The board and investment manager for two related energy investment funds are responsible for causing and subsequently covering up $1 billion in losses.

Special Opportunities Fund, Inc. has reached an agreement with FAST Acquisition Corp. to prevent the distribution of the Company’s net assets to Class B shares until the Court rules on whether they must be equitably distributed to all stockholders.

Special Opportunities Fund, Inc. announced that it has filed a class action lawsuit against FAST Acquisition Corp. and is using Morris Kandinov LLP as counsel.

Granite Construction Inc. stockholders have filed a proposed $7.5 million settlement in the Delaware Chancery Court for litigation arising from $338 million in cost overruns concealed from investors between 2017 and 2019.

Granite Construction will pay $7.5 million and adopt a series of oversight reforms to end shareholder litigation over claims that its board concealed hundreds of millions in overruns affecting four “mega-projects.”

Morris Kandinov LLP partners Aaron Morris and Andrew Robertson were recently profiled and quoted in a BoardIQ article regarding the use of inspection demands in advance of litigation involving investment companies.