As this blog has consistently observed, although the well of SPAC mergers substantially dried up a few years ago, the wave of lawsuits stemming from those de-SPAC mergers has not abated. In the latest decision addressing claims for breach of fiduciary duty arising from a de-SPAC merger, Solak v. Mountain Crest Capital LLC, Vice Chancellor
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Even After Multiplan, Pleading Standards Still Have Teeth in SPAC Cases
The Court of Chancery Prunes Back the Limits of Its Jurisdiction
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