Mealey's (March 3, 2023, 11:04 AM EST) -- WILMINGTON, Del. — Dismissal of a shareholders’ breach of fiduciary duty claim against a special purpose investment vehicle (SPAC) and certain of its executives and directors stemming from the defendants’ alleged issuance of a materially misleading proxy statement in connection with a merger deal is not warranted because the defendants failed to properly disclose certain information in the proxy statement that would have allowed them to make an informed redemption decision, a Delaware Chancery Court vice chancellor ruled....