Investor Balks At Reddit-Based Brief In Ackman SPAC Spat

By Tom Zanki (December 22, 2021, 9:08 PM EST) -- An investor is urging a New York federal judge not to toss his suit challenging the legality of hedge fund giant Bill Ackman's special purpose acquisition company, arguing that an amicus brief filed by a group of Redditors in favor of axing the litigation is flawed.

Lawyers for plaintiff George Assad alleged Tuesday that an amicus brief submitted Dec. 13, which supports Ackman's bid to dismiss the lawsuit against his SPAC, Pershing Square Tontine Holdings Ltd., should be viewed skeptically because it was improperly influenced and is riddled with misleading claims.

"The court should give little weight to the brief because its origins...

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!