Fortress-Linked SPAC Sued Over 'Flawed' Therapy Co. Merger

By Katryna Perera (September 22, 2022, 8:53 PM EDT) -- A blank-check company formed by Fortress Investment Group LLC has been hit with a shareholder derivative suit in Illinois federal court alleging that it and former executives and directors of a physical therapy company it merged with breached their fiduciary duty to investors by pushing through a "flawed and unfair" deal for personal profit....

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!