The rise of special purpose acquisition companies (SPACs) has led to a surge in shareholder litigation, particularly in the Delaware Court of Chancery. SPACs raise capital to take private companies public through a process known as a “de-SPAC” transaction. This article examines how fiduciary‑duty claims arising from de‑SPAC transactions are reshaping disclosure obligations, liability standards, and damages analysis.
Source: SPAC Litigation and Economic Damages Theory in the Delaware Courts