PLAY RECORDING

Broadcast Date: Tuesday, March 08, 2022
from 12:00 pm to 1:00 pm (ET)

Overview:

Despite the economic hurdles brought by the pandemic last year, 2021 saw an upsurge of initial public offerings (IPOs) through special purpose acquisition companies (SPACs). The sudden increase, which continued this 2022, has prompted the Securities and Exchange Commission (SEC) to better probe all related activities involving SPACs and ensure that these transactions are compliant with existing laws. While this move meant a safer and more reliable transition for private companies wanting to go public, it has also opened newer risks of litigation and enforcement actions.

Join securities law expert Adrienna Huffman (The Brattle Group) as she brings the audience a comprehensive discussion of recent SPAC-related acquisitions. Adrienna will delve into an in-depth analysis of the current trends, litigation risks, and provide practical compliance strategies for transitioning private companies amidst a rapidly evolving legal climate. Adrienna will also moderate a Q&A with Samantha S. Martin (U.S. Securities and Exchange Commission) for further insights.

This LIVE Webcast will discuss the following key topics:

  • Overview of the SPAC Context
  • Recent SPAC Acquisitions
  • Litigation Hurdles
  • SEC Enforcement Actions
  • Practical Compliance Tips

Credit:

Course Level:

Intermediate

 

Advance Preparation:

Print and review course materials

 

Method of Presentation:

On-Demand Webcast

 

Prerequisite:

General knowledge of securities law

 

Course Code:

149641

 

NY Category of CLE Credit:

Areas of Professional Practice

 

Total Credit:

1.0 CLE

Speaker Panel:

Adrienna Huffman, Associate
The Brattle Group

Dr. Huffman is experienced in analyzing a broad range of securities, finance, and accounting topics. Dr. Huffman focuses on securities litigation with expertise in financial reporting and disclosures, asset valuation, and issues arising from the application of complex accounting standards. She has served as a subject matter expert on federal investigations into white collar crime and financial reporting fraud and has submitted expert testimony in the Superior Court of the State of California. Prior to joining Brattle, Dr. Huffman was an Assistant Professor at Tulane University’s A.B. Freeman School of Business, where she served as a fellow with the US Securities and Exchange Commission’s (SEC) Division of Economic and Risk Analysis.

Samantha S. Martin, Senior Counsel
U.S. Securities and Exchange Commission

Samantha is a Senior Counsel in the SEC’s Division of Enforcement.  In her nine years with the SEC, Samantha has brought numerous enforcement actions, including those involving SPACs, FCPA violations, and offering frauds.  Currently, Samantha is conducting an ongoing investigation involving a post-SPAC music streaming company and serves as a resource to other SEC staff conducting SPAC-related investigations.  Prior to joining the SEC in 2013, Samantha was an associate in Jones Day’s securities litigation practice group where she represented companies and individuals in government investigations and private securities litigation.  Samantha received a B.A from the University of Florida and her J.D. from the University of Texas at Austin.

Agenda:

Adrienna Huffman Associate

The Brattle Group

  • Review of SPAC litigation trends with an emphasis on 2021
  • Review of recent SPAC litigation decisions – Delaware Chancery Court’s decision in the Churchill Capital Corp II  litigation
  • Updates on the SPAC landscape in 2022 – slowing IPOs, rising redemptions, lower PIPE raises – and implications for SPAC litigation moving forward.

Samantha S. MartinSenior Counsel

U.S. Securities and Exchange Commission

  • SPAC characteristics that give rise to enforcement risks
  • Overview of public statements from the Office of Chief Accounting and the Division of Corporation Finance
  • SEC’s enforcement response as illustrated by Stable Road, Nikola, and Akazoo.

Materials:

Download Course Materials

Who Should Attend:

  • Mergers and Acquisitions Lawyers
  • M&A Advisors
  • Corporate Governance Lawyers
  • Chief Legal Officers
  • General Counsel
  • Investment Advisors
  • Chief Executive Officers
  • Chief Compliance Officers
  • Business Owners
  • Top-Level Executives

SPEAKERS

Adrienna HuffmanAssociate
The Brattle Group
Samantha S. MartinSenior Counsel
U.S. Securities and Exchange Commission

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