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Burbige et al v. ATI Physical Therapy, Inc.
Case Number:
1:21-cv-04349
Court:
Nature of Suit:
Multi Party Litigation:
Class Action
Judge:
Firms
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September 24, 2024
ATI To Pay $31M In SPAC Merger Litigation Settlement
An Illinois federal judge on Tuesday approved ATI Physical Therapy Inc.'s $31 million deal to resolve stockholder and derivative accusations that the company's top brass hid attrition issues to get shareholder approval of ATI's merger with Wilco Holding Inc.
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October 27, 2021
3 Common Tactics For Challenging SPAC Deals In Court
Special purpose acquisition company mergers remain a popular alternative path to going public, but there's been an increase in associated securities class actions, with shareholders making allegations over issues ranging from inadequate disclosure to outright fraud.