As discussed here, in a May 2024 ruling in the Hennessey Capital Acquisition IV case, VC Will (who wrote the opinions in both the MultiPlan and Gig3 cases) said the following about the upsurge in MultiPlan lawsuits: that "the success of a few cases begat a host of others. Though the SPAC market has contracted, SPAC lawsuits are ubiquitous in Delaware. Remarkably similar complaints accuse SPAC directors of breaching their fiduciary duties base on flaws in years-old proxy statements that became problematic only when the combined company underperformed." In granting the motion to dismiss in the Hennessey Capital case, VC Will said that "It cannot be fairly inferred that the defendants withheld knowable information material to public stockholders deciding whether or not to redeem or invest in the combined company. To allow this faulty claim to proceed would fuel perverse incentives and invite strike suits."