Akin Gump Article on Coming Wave of SPAC-Related Suits Published by Lexis Practical Guidance

LexisNexis Practical Guidance has published “Recent SPAC Shareholder Suits in New York State Courts: The Beginning Wave of SPAC Litigation,” an article by Akin Gump corporate partner Alice Hsu, litigation partners Robert Pees, Douglas Rappaport and Jacqueline Yecies and litigation counsel Stephanie Lindemuth.

First published as an Akin Gump client alert, the article examines what could be a coming “wave” of litigation related to special purpose acquisition companies (SPACs), with the authors writing that “SPAC shareholder lawsuits are likely to multiply, potentially subjecting SPACs, their boards and sponsors to more significant civil risk and exposure.”

The authors also observe that New York is expected to be the preferred venue for these suits in order “to capitalize on certain benefits unavailable in other forums.”

To read the article in its entirety, please click here.