Bernstein Litowitz Will Lead MultiPlan SPAC Suit In Chancery

Law360 (April 15, 2021, 4:44 PM EDT) -- Bernstein Litowitz Berger & Grossmann LLP was appointed Wednesday to lead a consolidated stockholder suit in Delaware Chancery Court targeting a special purpose acquisition company deal to acquire data analytics firm MultiPlan Corp., a transaction the investors contend was "deeply flawed and unfair."

Vice Chancellor Morgan T. Zurn signed an order consolidating two similar investor suits filed against SPAC pioneer Michael Klein, Churchill Capital Corp. III, certain Churchill directors and others seeking damages for allegedly misleading or absent disclosures about MultiPlan before its $11 billion go-public merger valuation in October 2020 and subsequent stock plunge.

Investor Kwame Amo, who filed the...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!