Daily Archives: April 23, 2023, 10:46 am

Plaintiffs Lack Standing to Sue Over Pre-Merger Statements of SPAC Target Company | The D&O Diary

As readers of this blog know, in the last couple of years a significant number of SPAC-related securities lawsuits have been filed, often arising after the post-merger de-SPAC company stumbles following the SPAC merger. In many of these cases, the securities suit plaintiffs often allege that the pre-merger private company made misleading statements about its business or operations, the truth…

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