Black Ridge Hit With Suit Over Sports And Entertainment Deal
Law360 (June 18, 2019, 9:31 PM EDT) -- Investors in Black Ridge Acquisition Corp. filed a proposed class action in Delaware federal court Thursday accusing the company of acquiring two esports and entertainment assets of Ourgame International Holdings Inc. based on an incomplete proxy statement that's missing some key financial indicators.
The June 12 statement filed with the U.S. Securities and Exchange Commission seeks shareholders' approval of the deal at a special meeting scheduled for June 28.
On Dec. 19, 2018, Black Ridge's board of directors approved the company's acquisition of Allied Esports International Inc. and WPT Enterprises, both global sports and entertainment assets under Ourgame.
The combined company, to...
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