View Inc. Investors Sue SPAC Management For Breaches Of Fiduciary Duties
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.
Class Certified in Pioneer Merger Corp. Litigation
The U.S. District Court for the Southern District of New York granted plaintiff’s motion for certification of a class of former investors in Pioneer Merger Corp., a SPAC that failed […]
Special Opportunities Fund Reaches Settlement With FAST Acquisition Corp.
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.
SPAC Investors To Settle Busted Fertitta Deal Suit For $12.5M
SPAC shareholders settle a consolidated lawsuit arising from a termination fee paid following a failed business combination.
Court Denies Motion To Dismiss Pioneer Merger Corp. Case
U.S. District Court denies defendants’ motion to dismiss in dispute over $32.5 million termination fee payment.
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.
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?”
Morris Kandinov Represents Investors In Lightning eMotors SPAC Transaction
Morris 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.
MoKa Represents Investors Of Pioneer Merger Corp. In Break-Up Fee Dispute
Morris Kandinov LLP represents investors in an action in New York seeking equitable distribution of a SPAC break-up fee.
Trend or blip? Shareholders sue SPAC sponsors over busted deal breakup fees (Reuters)
Two new cases being handled by Morris Kandinov LLP each involve a dispute over a break-up fee following a failed SPAC transaction.