Fiduciary Duty Claims in the Context of SPACs: A “Quintessential Delaware Concern”

Manola Aillaud

A special purpose acquisition company (“SPAC”) is a newly formed corporation by a prominent and qualified sponsor and management team for the purpose of raising capital in an initial public offering in anticipation of identifying and consummating a business combination and transforming a private company into a publicly-traded company within a certain time frame (usually twenty-four months).

States Declare War on ESG

Rohan Naik

On the morning of July 28, 2022, West Virginia’s treasurer, Riley Moore, published the state’s first “Restricted Financial Institutions List.”

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