Laidlaw v. GigAcquisitions2, LLC, C.A. No. 2021-0821-LWW (Del. Ch. Mar. 1, 2023) – In the aftermath of a SPAC merger, the plaintiff (a public stockholder) brought claims for breaches of fiduciary duty against the SPAC’s board and sponsor, as controllers, for issuing an allegedly false and misleading proxy statement.
Source: Chancery Court Again Applies Entire Fairness to Claims Challenging SPAC Transaction