June 27, 2024
Attorneys who brokered a $13 million settlement on behalf of investors in special purpose acquisition company Pioneer Merger Corp. will receive about 30% of that settlement fund, minus nearly $100,000 that will go toward their clients' incentive award, a Manhattan federal judge has determined.
November 09, 2023
Failed SPAC Pioneer Merger Corp.'s Chapter 15 petition is a "bad faith 'litigation tactic'" to avoid a potential class action judgment, an investor and lead plaintiff has told a New York bankruptcy court, urging it to not recognize the company's Cayman Islands liquidation.