Partner Aaron Morris proposes in a comment letter to the SEC that the new rules governing service provider oversight should require contracts with providers to clearly delineate when a provider is entitled to indemnification and expense advancements.
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.
Morris 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.
Morris 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.
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.