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8 Sep 2021, 2:49 pm
    (…) After Nello defaulted, Live Oak Capital, another secured creditor, feared it would lose its investment. [read post]
6 Sep 2021, 8:07 am by Kevin LaCroix
The plaintiffs’ theory is that all these SPACs have done since their IPO is invest their offering proceeds in Treasury Securities or T-bill backed money market funds – that is, they have done what pretty much over SPAC has done over the last several years. [read post]
3 Sep 2021, 6:28 am by Shannon O'Hare
Foreign investment: An extension has been granted until 31 December 2021 in respect of the requirement to seek prior authorization for non-EU direct investments involving the acquisition of 10 per cent or more of the capital or controlling interest in a Spanish company operating in specific strategic sectors. [read post]
3 Sep 2021, 5:47 am
(“PSTH”), GO Acquisition Corp. and E.Merge Technology Acquisition Corp) brought novel claims against each SPAC, its sponsor and directors. [1] The suits claim that each SPAC is an unregistered investment company and that the compensation paid by the SPAC to its sponsor and its directors (notably the founder shares and warrants, or comparable interests in the case of PSTH) was illegal and void under the Investment Company Act of 1940 (the… [read post]
2 Sep 2021, 9:03 pm by Omar Khodor
Army Corps of Engineers expedited permitting approval for transmission cables and towers. [read post]
31 Aug 2021, 8:37 am by John Jascob
A few days later, the team filed two more suits asserting similar claims against Go Acquisition Corp. and E.Merge Technology Acquisition Corp. [read post]
29 Aug 2021, 12:58 pm by Kevin LaCroix
  A SPAC, by contrast to an investment company, is not engaged primarily in investing in securities. [read post]
24 Aug 2021, 1:58 pm by Kevin LaCroix
Indeed, investing in securities is all the Company has ever done. [read post]
18 Aug 2021, 12:01 pm by Kevin LaCroix
  Physical Therapy Company Hit with SPAC-Related Securities Suit: On August 16, 2021, a plaintiff shareholder filed a SPAC-related securities class action lawsuit against ATI Physical Therapy, a company that merged in June 2021 with Fortress Value Acquisition Corp. [read post]
13 Aug 2021, 8:15 am by Kristian Soltes
Merchants have long contended the alternative systems offer lower pricing and improved security. . . . . [read post]
13 Aug 2021, 8:15 am by Kristian Soltes
Merchants have long contended the alternative systems offer lower pricing and improved security. . . . . [read post]
11 Aug 2021, 12:52 pm by Alvaro Marañon, Benjamin Wittes
Past OFAC designations under this regime include high-profile cyber actors such as the Lazarus Group, for its devastating WannaCry 2.0 ransomware, and Evil Corp, for its costly Dridex malware. [read post]
9 Aug 2021, 2:47 pm by Kevin LaCroix
As I noted in a prior post (here), in March 2021, a plaintiff shareholder filed a Delaware Chancery Court class action lawsuit against Churchill Capital Corp. [read post]
5 Aug 2021, 5:29 am by Alan Rosca
He then joined State Farm VP Management Corp located in Bloomington, Illinois in May 2007 and remained there until July 2007. [read post]