SEC Focuses on the Rise of SPACs

SEC Focuses on the Rise of SPACs

Special purpose acquisition companies, or SPACs, have become the new, go-to structure for taking private companies public. These companies begin as shell corporations listed on public stock exchanges. Often, they report a target area of the market on which they are...
The Curious Case of Corporate Waste

The Curious Case of Corporate Waste

Private jets, million-dollar compensations and bonuses during COVID-19? When does corporate waste get of hand and becomes actionable? Corporate waste is when exchange is “so one sided that no business person of ordinary, sound judgment could conclude that the...
Diversity, Discrimination, and Derivative Suits

Diversity, Discrimination, and Derivative Suits

Shareholder derivative suits are brought by an investor on behalf of the corporation itself. In a derivative case, the plaintiff alleges that the actions of the defendants, typically the company’s officers and directors, have harmed the company and reduced the price...