Reuters reveals lawyers behind Ackman’s retreat may target more SPACs

by DailyBriefers
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Business & Finance

Reuters broke the news that the lawyers whose action prompted billionaire investor William Ackman to make changes to his special purpose acquisition company (SPAC) could target more such vehicles. Reuters sources said the lawyers’ group, which includes one of the most prolific U.S. shareholder class action firms, is actively monitoring the sector and that the number of potential new lawsuits could end up being as high as 50.

Article Tags

Topics of Interest: Business & Finance

Type: Reuters Best

Sectors: Business & FinanceEquities

Regions: Americas

Win Types: Exclusivity

Story Types: Exclusive / Scoop

Media Types: Text

Customer Impact: Important Regional Story

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