In one of the first decisions to analyze fiduciary duty claims in the context of a SPAC merger, the Delaware Chancery Court recently sustained the legal viability of a putative shareholder class action brought against a SPAC’s directors, officers, controlling shareholder, and financial advisor based on an allegedly false and misleading proxy statement. The court
Rachel Mechanic
Rachel maintains a broad litigation practice representing and advising corporate clients, board committees, senior executives, and other individuals in securities enforcement proceedings, complex commercial litigations, and white-collar criminal matters. Rachel also represents law firms in professional liability disputes. Since 2019, Rachel has been named each year by Super Lawyers as a Rising Star in Civil Litigation and White Collar Criminal Defense, a distinction reserved for the top 2.5% of New York lawyers under 40.
Rachel previously served as an assistant general counsel at J.P. Morgan Chase. At J.P. Morgan, Rachel was a member of the Government Investigations and Regulatory Enforcement group, which represents the bank in connection with government and regulatory investigations and enforcement matters across all business units and geographic regions of the firm.
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