Trend or blip? Shareholders sue SPAC sponsors over busted deal breakup fees (Reuters)
Two new cases being handled by Morris Kandinov LLP each involve a dispute over a break-up fee following a failed SPAC transaction.
Read moreTwo new cases being handled by Morris Kandinov LLP each involve a dispute over a break-up fee following a failed SPAC transaction.
Read moreA 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.
Read moreShareholders 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.
Read moreMorris Kandinov LLP represents a New York pension fund in connection with a company’s breach of interim operating covenants during a pending merger that cost stockholders $400 million.
Read moreMorris Kandinov LLP has filed a class action complaint on behalf of investors in Concord Acquisition Corp. seeking to prevent the sponsor from appropriating a $20 million termination fee consisting of stock in the SPAC’s former target, Circle.
Read moreSpecial 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.
Read moreMorris Kandinov LLP has filed an action alleging that investors in Decarbonization Plus Acquisition Corporation were misled by its board of directors prior to the acquisition of Hyzon Motors Inc. (HYZN) in July 2021.
Read moreDuring and after a crisis, trustees more than ever must be prepared to shift the way they think about the fund’s relationships with service providers in order to obtain meaningful results for shareholders (and mitigate or eliminate their own litigation risk). This article provides an example of what not to do and a few practical suggestions.
Read moreMorris Kandinov LLP is representing Bulldog Investors in connection with an amicus curiae brief in a case involving the voting rights of investors in closed-end funds.
Read moreBernstein 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.
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