1. Articles from corpgov.law.harvard.edu

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    1. ​49 Law Firms Respond to Investment Company Act Lawsuits Targeting SPACs

      ​49 Law Firms Respond to Investment Company Act Lawsuits Targeting SPACs

      Recently a purported shareholder of certain special purpose acquisition companies (SPACs) initiated derivative lawsuits asserting that the SPACs are investment companies under the Investment Company Act of 1940, because proceeds from their initial public offerings are invested in short-term treasuries and qualifying money market funds...

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    2. SEC’s Ongoing Scrutiny of Executive Perquisites and Benefits

      SEC’s Ongoing Scrutiny of Executive Perquisites and Benefits

      On August 4, 2021, the U.S. Securities and Exchange Commission (SEC or Commission) announced settled charges against National Beverage Corp. (NBC) relating to NBC’s failure to disclose executive perquisites provided to its CEO. [1] The SEC’s fifth perquisite case in a little over a year, this settlement signals the Commission’s continued focus on undisclosed perks, a priority articulated in 2020...

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    3. DOJ Indicts Founder of Nikola for Allegedly Defrauding Retail SPAC Investors

      DOJ Indicts Founder of Nikola for Allegedly Defrauding Retail SPAC Investors

      On July 29, 2021, the U.S. Attorney’s Office for the Southern District of New York unsealed a securities and wire fraud indictment against Trevor Milton, the founder and one-time chairman of Nikola Corporation (“Nikola”), a pre-revenue electric- and hydrogen-powered vehicle company which went public through a merger with a special-purpose acquisition company (“SPAC”)...

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    4. Public Company Guide—Planning for Shareholder Engagement

      Public Company Guide—Planning for Shareholder Engagement

      David A. Bell is partner, Ron C. Llewellyn is counsel, and Katherine K. Duncan is partner at Fenwick & West LLP. This post is based on a Fenwick memorandum by Mr. Bell, Mr. Llewellyn, Ms. Duncan, and Ran Ben-Tzur . Today, shareholders are increasingly demanding corporate accountability on a variety of issues, ranging from compensation and human capital management to governance and board diversity, among others...

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    5. SEC Focuses Enforcement Efforts on SPAC Transactions

      SEC Focuses Enforcement Efforts on SPAC Transactions

      In one of the first major enforcement actions charging a special purpose acquisition company (“SPAC”), the SEC recently charged SPAC Stable Road Acquisition Company, its sponsor SRC-NI, its CEO Brian Kabot, the SPAC’s proposed merger target Momentus Inc., and Momentus’s founder and former CEO Mikhail Kokorich with misleading claims about Momentus’s technology and the national security and foreign ownership risks associated with Kokorich...

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    1-24 of 210 1 2 3 4 5 6 7 8 9 »
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