Some SPACs Have Spare Cash (Bloomberg Money Stuff)
Matt Levine writes about the key issue raised by three new SPAC cases filed by Morris Kandinov LLP: “Who gets the cash: the public shareholders, or the sponsors?”
Read moreMatt Levine writes about the key issue raised by three new SPAC cases filed by Morris Kandinov LLP: “Who gets the cash: the public shareholders, or the sponsors?”
Read moreThe court denies defendants’ motion to dismiss claims arising from a closed-end fund’s collapse and subsequent unfair merger.
Read moreThe amended complaint in the Infinity Q case includes further details regarding the flawed and deficient oversight of the Fund’s valuation of securities, which resulted in manipulation and inflation of the fund’s reported assets by hundreds of millions of dollars.
Read moreMorris Kandinov LLP has filed a case on behalf of Lightning eMotors, Inc. (previously known as GigCapital 3, Inc.), which entered the public markets through a SPAC transaction based on misrepresentations regarding its business prospects.
Read moreMorris Kandinov LLP along with two other firms will handle litigation involving a significant decline in merger value caused by Anaplan’s management.
Read moreMorris Kandinov LLP represents a group of investors who oppose the inadequate proposed Infinity Q settlement in a New York class action.
Read moreMorris Kandinov LLP represents investors in an action in New York seeking equitable distribution of a SPAC break-up fee.
Read morePartner Aaron Morris proposes in a comment letter to the SEC that the new rules governing service provider oversight should require contracts with providers to clearly delineate when a provider is entitled to indemnification and expense advancements.
Read moreTwo new cases being handled by Morris Kandinov LLP each involve a dispute over a break-up fee following a failed SPAC transaction.
Read moreA SPAC investor has sued in the Delaware Court of Chancery, claiming that the SPAC’s sponsor is attempting to pocket a $20 million breakup fee after a failed merger.
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