A group of 49 corporate law firms has now issued a joint statement decrying the lawsuits and trashing the plaintiffs’ arguments that SPACs are investment companies merely because the SPACs invest their IPO proceeds in trust accounts while seeking a merger partner.
Robbins Geller Rudman & Dowd LLP Launches SPAC Task Force
Robbins Geller has formed a dedicated SPAC Task Force comprised of experienced securities and M&A lawyers.
SHAREHOLDER NOTICE: Brodsky & Smith, LLC Announces an Investigation of Northern Genesis Acquisition Corp.
Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Northern Genesis Acquisition Corp. (NYSE:NGA) (“Northern Genesis” or the “Company”) for possible breaches of fiduciary duty and other violations of federal and state law in connection with a merger agreement pursuant to which Northern Genesis, a special purpose acquisition company, will combine with The Lion Electric Company (“Lion”), a leading manufacturer of all-electric medium and heavy-duty urban vehicles, and result in Lion becoming a publicly-listed company.
Law firms could make hundreds of millions of dollars on the SPAC boom, as elite firms elbow in on a growing market
SPACs used to be a small segment of the market, but elite law firms have flocked to the sector in…