9th Circ. Doubts SPAC Investors Can Sue Lucid Over Merger
By Dorothy Atkins ( June 13, 2024, 7:55 PM EDT) -- A Ninth Circuit panel appeared skeptical Thursday of investors' bid to revive a proposed class action alleging that Lucid duped them into buying stock in a special-purpose acquisition company ahead of the electric-vehicle maker's $11.75 billion merger, with two of three judges doubting that the SPAC investors have standing to sue....
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