Chancery OK Sought For $2.5M BigBear.ai SPAC Suit Deal
By Leslie A. Pappas ( July 31, 2024, 8:39 PM EDT) -- GigCapital Global has agreed to pay $2.5 million to settle a Delaware Chancery Court shareholder class action that sought damages for alleged breaches of fiduciary duty and unjust enrichment in connection with the 2021 go-public merger with artificial intelligence company BigBear.ai....
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