Because most of current and former employees' contracts with pre-SPAC BuzzFeed have already ended, lawyers for the media company argued, BuzzFeed isn't bound to arbitration.
May 03, 2022 at 06:09 PM
3 minute read
Attorneys for the group of current and former BuzzFeed employees who were sued in the Court of Chancery by the media company last week say the case could have widespread implications for employers and employees of post-SPAC Delaware companies.
It’s yet another facet of SPAC-related litigation that asks the court to determine what agreements made with a company pre-SPAC carry over to the company formed in a SPAC transaction.
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