Recent SPAC Surge May Portend Increased Litigation
Law360 (October 15, 2020, 5:47 PM EDT) -- Special purpose acquisition companies, or SPACs, are an increasingly attractive option for raising funds apart from the traditional initial public offering. But despite the growing popularity of SPACs over the past several years, SPAC-related litigation has been relatively infrequent. This is unlikely to remain the case.
In this article, we identify potential litigation risks for those sponsoring or participating in SPACs, and offer some practical guidance for avoiding litigation and defending against it once initiated.
Although SPACs have been a prevalent alternative to the traditional IPO for some time, due to recent market uncertainty and other factors, SPAC IPOs are rapidly...
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