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TCW, Execs Hit With Chancery Suit Over SPAC Merger Bust

By Emilie Ruscoe (November 15, 2023, 7:53 PM EST) -- Asset management giant TCW Group Inc. and three of its executives were sued in Delaware's Chancery Court on the grounds that they breached their fiduciary duty to investors by deciding to "pull the plug early" on a special purpose acquisition company venture....

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