First-Of-Its-Kind Chancery Ruling Will Aid SPAC Defendants
By Lisa Bugni and Benjamin Lee ( July 5, 2024, 10:36 AM EDT) -- The Delaware Court of Chancery's May 31 decision in In re: Hennessy Capital Acquisition Corp. IV Stockholder Litigation marks the court's first total dismissal of a complaint alleging breaches of fiduciary duties in connection with disclosures relating to a merger transaction involving a special purpose acquisition company.[1]...
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