May 19, 2021 Webinar
12:00pm – 1:00pm EDT
Register here.

Please join Mayer Brown partners, Christopher Houpt, Brian Massengill, and Anna Pinedo, for the third session in the Banking & Financial Services Litigation webinar series.

This panel will discuss special purpose acquisition companies (SPACs), including:

• An overview of the SPAC market and the SPAC and de-SPAC transaction structure
• The use of forecasts in connection with marketing the de-SPAC PIPE transaction
• The availability of the PSLRA for public companies, like SPACs; comparison to IPOs; and recent SEC Staff statements
• Cautionary language and diligence with respect to forecasts
• Conflicts of interest in the context of SPAC transactions: SPAC board duties, diligence obligations, SEC Staff comments
• Bringing claims for breach of fiduciary duty
• Securities disclosure cases and proxy (14A) versus prospectus (S-4) standards
• PIPE-related claims