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Tag: The D&O Diary

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  • The D&O Diary
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Posted on August 30, 2021August 30, 2021

49 Corporate Law Firms Trash SPACs-Are-Investment-Companies Lawsuits

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.

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