May 22, 2019
A New York federal judge has dismissed a lawsuit alleging directors of a public shell company duped the co-founders of an airport spa chain into an undesirable merger, citing a lack of evidence that the co-founders had been misled.
August 07, 2018
A New York federal judge on Tuesday partly dismissed a suit by the founders of XpresSpa accusing the company's board and Form Holdings Corp. executives of misleading them into approving Form Holdings' acquisition of the airport spa business, tossing most of the case but letting stand two Exchange Act claims.
April 06, 2018
The holding company that bought XpresSpa and some members of its board pressed a New York federal judge on Thursday to sanction the airport spa chain's founders who claim they were tricked into approving the takeover, saying the suit violates a release agreement the pair signed.
November 07, 2017
The founders of travel spa business XpresSpa allege that the company's board and Form Holdings Corp. executives conspired to mislead them to ensure they would vote in favor of Form Holdings' acquisition of the company, in a suit filed Monday in New York federal court.