SPAC Founders Kept Millions Despite Merger’s Failure (Bloomberg Law)
Morris Kandinov LLP represents investors in a dispute over a SPAC’s remaining assets in a dissolution after a failed transaction resulted in a termination fee.
Read moreMorris Kandinov LLP represents investors in a dispute over a SPAC’s remaining assets in a dissolution after a failed transaction resulted in a termination fee.
Read moreMorris Kandinov LLP represents investors in an action in New York seeking equitable distribution of a SPAC break-up fee.
Read moreMorris Kandinov LLP represents a New York pension fund in connection with a company’s breach of interim operating covenants during a pending merger that cost stockholders $400 million.
Read moreMorris Kandinov LLP has filed a class action complaint on behalf of investors in Concord Acquisition Corp. seeking to prevent the sponsor from appropriating a $20 million termination fee consisting of stock in the SPAC’s former target, Circle.
Read moreMorris Kandinov LLP has filed an action alleging that investors in Decarbonization Plus Acquisition Corporation were misled by its board of directors prior to the acquisition of Hyzon Motors Inc. (HYZN) in July 2021.
Read moreMorris Kandinov LLP has filed a complaint on behalf of investors in the Tortoise Energy Infrastructure Corp. and the Tortoise Midstream Energy Fund, Inc., which incurred over $1 billion in losses during their liquidity crisis and collapse in early 2020.
Read moreMorris Kandinov LLP has filed a class action complaint on behalf of investors in FAST Acquisitions Corp. to prevent the sponsor from dissolving the SPAC without first distributing the SPAC’s $23.7 million in net assets to investors.
Read moreMorris Kandinov LLP has filed an action on behalf of the High Income Securities Fund in connection with its purchase of preferred stock issued by Cedar Realty Trust, Inc.
Read moreMorris Kandinov LLP has filed two cases seeking to recover losses incurred by investors in the Infinity Q Diversified Alpha Fund (the “Fund”), a mutual fund that announced in early 2021 that it was liquidating because of extensive securities pricing errors that rendered its last reported net asset value (“NAV”) inaccurate.
Read moreMorris Kandinov LLP has filed a derivative suit on behalf of shareholders of the Fiduciary/Claymore Energy Infrastructure Fund (FMO) against the fund’s board of trustees and investment advisers. The case arises from the fund’s collapse after a liquidity crisis in early 2020 and the fund’s unexpected tax expenses disclosed thereafter.
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