Jenner & Block

Insurance Law Update Resource Center

As a service to Jenner & Block's clients and the greater legal community, the firm's Insurance Recovery and Counseling practice maintains online resource centers that offer the latest case law and other developments.

Jenner & Block will update this web page with new developments and items of interest as they become available.


In this Insurance Law Update, Jenner & Block Partner David M. Kroeger and Associate Huiyi Chen examine special purpose acquisition companies, or SPACs, which are shell entities that go through initial public offerings without any underlying business operations or assets, other than cash in a trust account. With the pressure to accomplish an initial business combination in a short period of time comes risks of litigation, they explain. The authors then highlight SPAC-related securities litigation filed in the last two and a half years and identify potential trends and effects in regard to directors and officers, or D&O, insurance coverage. The Update was published by Law360.

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