Week Ahead in Mergers and Acquisitions: Nov. 8, 2021

(Reuters) – Here are some upcoming events of interest to the M&A legal community.

Tuesday November 9th

8:00 a.m. – The American Bar Association will open the Fall 2021 Forum, which will include panels on topics such as rulemaking, litigation, and Federal Trade Commission legislation, as well as new guidance on how to evaluate mergers. The conference will be co-chaired by Maureen Ohlhausen from Baker Botts and Henry Su from Bradley Arant Boult Cummings. For further information, click here.

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10:00 a.m. – Straight Path Communications Inc investors will ask Vice Chancellor Sam Glasscock III to certify the class in a process that challenges the fairness of the wireless company’s $ 3.1 billion sale to Verizon Communications Inc in 2018. The majority shareholder Howard Jonas has denied the misconduct.

The case is In re Straight Path Communications Inc. Consolidated Shareholder Litigation, Delaware Court of Chancery, No. 2017-0486. For the shareholders: Jeroen van Kwawegen and Edward Timlin von Bernstein Litowitz Berger & Grossmann; and Vincent Cappucci and Joshua Porter of Entwistle & Cappucci. For Jonas: Jason Cyrulnik and Paul Fattaruso from Cyrulnik Fattaruso.

11 a.m. – Matterport Inc and its directors will ask Vice Chancellor Lori Will to dismiss lawsuits and rule on lawsuits accusing them of trading restrictions on former Matterport CEO William Brown’s shares in the 3D camera maker after the merger with a blank check worth $ 2.9 billion.

The case is Brown v Matterport Inc, Delaware Court of Chancery, No. 2021-0595. For Brown: Edward Totino and Benjamin Turner of Baker McKenzie. For Matterport: Kristin Murphy and Colleen Smith of Latham & Watkins.

1:30 pm – Directors of Left Coast Ventures Inc will ask Vice Chancellor Morgan Zurn to dismiss a lawsuit accusing them of “self-serving money creation” prior to the blank check merger of the cannabis company that led to the creation of The Parent Directors say shareholders “fabricated” claims that they pushed for changes to the terms of the convertible and diverted $ 40 million to be given to shareholders in exchange for the merger.

The case is Blue v. Fireman, Delaware Court of Chancery, No. 2021-0268. For the shareholders: Marcus Montejo from Prickett, Jones & Elliott. For the directors: Audra Soloway and Jaren Janghorbani from Paul, Weiss, Rifkind, Wharton & Garrison.

Thursday November 11th

12:00 noon (ET) – The ABA is hosting a webinar to discuss the rising litigation and regulatory risks facing special purpose vehicles and their goals. The event will be moderated by Robert Malionek from Latham & Watkins. Panelists include Lindi Jarvis, Alok Khare, and Todd Rahn from FTI Consulting; and Ryan Maierson and Colleen Smith of Latham & Watkins. For further information, click here.

Do you know of an event that could be included in Week Ahead in M&A? Contact Sierra Jackson at sierra.jackson@thomsonreuters.com.

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Sierra Jackson

Sierra Jackson reports on legal matters relating to major mergers and acquisitions, including deal work, litigation, and regulatory changes. You can reach them at sierra.jackson@thomsonreuters.com

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