You Searched For "spac lawsuits" and got 20 results
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2 mins read
Nearly 50 law firms have banded together to voice their defense of SPACs as lawsuits mount against blank-check firms
A group of law firms "view the assertion that SPACs are investment companies as without factual or …
Carla Mozée
1 min read
The SPAC boom has cooled off but lawsuits against the blank-check firms are reportedly booming
The report comes as interest in SPACs is waning, as some investors worry the blank-check deals pose…
Ethan Wu
2 mins read
Digital World Acquisition extends 7-day decline to 31% after Trump's Truth Social threatens a lawsuit against the SEC over delayed SPAC deal
"In light of the obvious conflicts of interest among SEC officials... TMTG is now exploring legal a…
Matthew Fox
3 mins read
Ackman's SPAC lawsuit - Wealth manager hiring spree - Consulting firm vax mandate
The top finance stories for Aug. 18, including the latest on the wealth manager talent wars and a m…
Jordan Parker Erb
3 mins read
Wall Street: SPACs gone bad
In today's 10 Things on Wall Street: A tale of hubris. Recent happenings at companies like SeatGeek…
Aaron Weinman
3 mins read
Wall Street: Yet another SoftBank SPAC mess
In today's 10 Things on Wall Street: Another SoftBank SPAC implosion and Citadel welcomes its lates…
Aaron Weinman
2 mins read
Bill Ackman says he'll return $4 billion to PSTH investors after failing to close a SPAC deal - and trumpets his next-generation SPARC
The Pershing Square chief blamed the market's rapid rebound after the pandemic crash, investors sou…
Theron Mohamed
8 mins read
How Grab, Asia's Uber, stumbled before and after its $40 billion SPAC, with pandemic layoffs and a teary all-hands with its CEO
Grab was a poster child for how Southeast Asia could match — or at least ape — Silicon Valley innov…
Weilun Soon
2 mins read
Billionaire investor Bill Ackman's SPAC is reportedly being sued for not operating as a blank-check firm
"Investing in securities is all the company has ever done since its IPO," the complaint said, notin…
Isabelle Lee
2 mins read
WeWork is set to go public via a SPAC deal in October - 2 years after its disastrous IPO attempt
The shared-workspace company expects to list its shares on the New York Stock Exchange under the "W…
Shalini Nagarajan
2 mins read
The lawyers that sued Bill Ackman's SPAC are reportedly targeting 50 more as the merger boom deflates
The lawsuit against Ackman's Pershing Square Tontine Holdings has led Ackman to pursue alternative …
Matthew Fox
2 mins read
The CEO of Binance says he hopes the exchange's stake in Forbes will push media companies toward adopting crypto and possibly decentralize the industry
"By investing in traditional businesses and helping them to integrate with crypto, it's an interest…
Isabelle Lee
4 mins read
The Bill Ackman SPAC debacle is the perfect example of what happens when a market bubble meets a star investor's hubris
Even the best investors can fall prey to a stock market fad. For example, no further than hedge fun…
Erik Gordon
2 mins read
Bill Ackman will return his SPAC's $4 billion if his next-generation SPARC is approved. He quoted Warren Buffett to explain why.
The billionaire investor wants to focus on his new acquisition vehicle, as a lawsuit threatens to s…
Theron Mohamed
2 mins read
Chamath Palihapitiya and Richard Branson are being sued over allegedly covering up flaws in Virgin Galactic's spaceships and pocketing millions by dumping shares
Palihapitiya and Branson took advantage of an "artificially inflated" stock price while knowing Vir…
Shalini Nagarajan
3 mins read
The lawyers making money behind the scenes of emerging fields like crypto, cannabis, and real estate tech
Companies in emerging fields like cannabis, crypto, and fintech are making billions. Behind the sce…
Insider Inc.
3 mins read
The broader stock market is not in a bubble, but these 5 sectors are, according to JPMorgan
"While there is a lot of talk about asset bubbles, it is hard to see one in the broad equity market…
Matthew Fox
3 mins read
Biden wants all adults to be eligible for the vaccine by May 1
These are Insider's biggest healthcare stories for the week ending March 12.
Lydia Ramsey Pflanzer
2 mins read
Hedge funds are set for giant windfalls as SPAC mania goes into overdrive
Top finance stories of the week: Goldman org chart; Ark Invest; CCIV; Pimco lawsuit; Wall Street pe…
Meredith Mazzilli
2 mins read
Inside the tangled web of fees and investments between Blackstone, its ex-dealmaker Chinh Chu, and his ultrawealthy business partner Bill Foley
Chu and Foley took a cut of more than $12 million after bringing a portfolio to Blackstone. One exp…