SPAC Investor Sues In Del. For $20M Crypto Deal Breakup Fee (Law360)

Covered by Law360

An investor in a special purpose acquisition company formed by New York investment firm Atlas Merchant Capital LLC has sued in Delaware’s Court of Chancery, claiming that the SPAC’s sponsor is attempting to pocket a $20 million breakup fee after a failed merger with a cryptocurrency company. Morris Kandinov LLP represents the stockholder in the action.

By MoKa

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