Investor Sponsor Vindicated in SPAC Deal Payout

Congratulations to Richards, Layton & Finger PA on securing a victory for their client, ARC Global Investments II LLC, regarding breach of contract claims against Trump Media Technologies Corp. (formerly Digital World Acquisition Corp.).

The case involved a deal between ARC and DWAC to take former President Donald Trump’s Truth Social media company public.  ARC alleged that DWAC diluted its equity from the deal with an improper conversion rate for ACR’s shares. Delaware Chancery Judge Vice Chancellor Lori W. Will sided with ARC, citing the investor sponsor was shortchanged in the deal and ordered a larger share of the stock be awarded to ARC from the transaction.

DOAR was proud to support ARC’s trial team in conceptualizing and creating demonstratives for use during the trial.

Read more about the case on Law360.com.

Subscribe to Receive
our Latest News

Recent Content

Ellen Brickman, Ph.D., Devi Braun

Know Your Fact-Finder: Not Just for Jury Trials

While much attention is given to the biases that jurors can bring into courtrooms and to how these biases can affect deliberations, it is generally assumed that non-jury fact-finders – judges, mediators, and arbitrators, typically – are largely immune to these biases.  Their decisions carry a greater presumption of objectivity based on their training and […]

The trial consultants trusted by the nation’s leading trial lawyers.

Terms & Conditions  |  Privacy Policy

Locations

New York

Los Angeles