Lead plaintiff ATG Fund II LLC has filed for final approval of a $7 million settlement of claims arising from the liquidation of VPC Impact Acquisition Holdings II, a special purpose acquisition company.

The District Court in the Pioneer Merger Corp. litigation has authorized the distribution of the net settlement fund to investors.

Morris Kandinov LLP, on behalf of the lead plaintiff, filed motions for final approval and for reimbursement of fees and expenses in connection with SPAC settlement.

Delaware Chancery Court ruling permits interim distribution of remaining trust funds while litigation over broken transaction proceeds.

Bulldog Investors, LLP retains Morris Kandinov LLP in declaratory judgment action against bankruptcy trustee seeking the return of trust funds properly distributed to stockholders.

Lead plaintiff Funicular Funds, LP and lead counsel Morris Kandinov filed a motion for preliminary approval of a $13 million settlement of claims arising from the liquidation of Pioneer Merger […]

FAST SPAC’s agreement to pay $12.5 million to investors in connection with its broken merger was approved by the Delaware Court of Chancery.

Investors in a SPAC that acquired View Inc. have filed a case in the Delaware Court of Chancery seeking damages for breaches of fiduciary duty, aiding and abetting, and unjust enrichment.

The U.S. District Court certified a class of Pioneer Merger Corp. stockholders in a dispute over the distribution of a termination fee paid to the SPAC following a broken transaction.

Special Opportunities Fund, Inc. (NYSE: SPE) today announced that it has reached a settlement of a class action lawsuit filed in the Delaware Court of Chancery against FAST Acquisition Corp. regarding the distribution of FAST’s net assets.