Regulatory Scrutiny, Lawsuits Over SPAC Transactions Fuel D&O Insurance Sticker Shock
Mintz Member and Co-chair of the firm’s Insurance Practice Nancy Adams was quoted extensively in an article published by Thomson Reuters Regulatory Intelligence detailing how companies going public through a merger with a special purpose acquisition company, or SPAC, are facing skyrocketing premiums for directors and officers’ liability coverage due to the higher risk of litigation and increased regulatory scrutiny. The article also quoted remarks made by Of Counsel Kristen White during a recent Mintz webinar exploring the rising risk of litigation and regulatory enforcement facing SPACs and the individuals that lead them.
Source
Thomson Reuters Regulatory Intelligence