SPACs: Emerging Litigation and Regulatory Risks

Expired

Program Number

31148

Program Date

2021-06-01

CLE Credits

The use of Special Purpose Acquisition Companies (or “SPACs”) to raise capital and take companies public has grown exponentially in 2020 and 2021. Recent developments, however, including growth in shareholder litigation and SEC focus on SPACs, however, suggest that SPACs and transactions involving SPACs may start to face increased scrutiny and enforcement risk. In this hour-long program, Jones Day Securities Litigation & SEC Enforcement partners Evan P. Singer and Joshua S. Roseman will discuss the emerging litigation and regulatory risks of transactions involving SPACs, including securities and shareholder litigation in federal and state courts, as well as scrutiny by the SEC, including recent SEC statements concerning the risks of SPACs, disclosures, and accounting treatment of SPAC warrants. Mr. Singer and Roseman also will discuss ancillary risks and complications, including potential implications to D&O coverage for defendants in SPAC-related litigation.