Skip to content It’s not all doom and gloom in SPAC-land. There are still good deals to be made using the SPAC vehicle, despite the media’s insistence on painting a different picture. With SPAC IPOs virtually gone but SPAC mergers (aka de-SPACs) continuing at a steady pace, how can the current litigation and regulatory risks be avoided, or at least minimized? If your customers sue your business for collecting their fingerprint data without following the applicable laws, will your insurance policy cover the costs? Tumultuous, exasperating, difficult, nerve-wracking, and frustrating are all apt descriptions of the 2022 SPAC market and the hard data yields some surprising trends and conclusions. Read more for insight into what is impacting the SPAC market as well as a few interesting trends that may inform current and future plans for our SPAC clients and friends. Read more for our predictions for SPACs in 2022, based on what we saw and analyzed in 2021. Read more for a breakdown of the issues and advice for mitigating risks in this evolving exposure area. Class action litigation for non-breach privacy violations has exploded and the Illinois Biometric Information Privacy Act (BIPA) is the culprit. In the last 10 years, less than 1% of securities class action suits have gone to trial. This lack of trials embolden the plaintiffs’ bar to bring more suits. To ease director liability, all boards need to put cyber risk front and center as part of their corporate governance.