How To Assess Price Volatility Changes In SPAC Class Actions
Law360 (June 16, 2021, 5:30 PM EDT) -- The last year saw an explosion in companies going public by merging with special purpose acquisition companies, or SPACs. The activity continued through the first quarter of 2021 and is now beginning to slow down following a series of U.S. Securities and Exchange Commission advisories.
Not surprisingly, we already see a large number of SPAC-related securities litigation filings, and there will likely be more in the future. For example, in a closely watched matter against Waitr Holdings Inc., shareholders filed a suit on Sept. 26, 2019, in the U.S. District Court for the Western District of Louisiana, alleging materially false and/or misleading statements...
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