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SPAC Shareholder Sues Over Loss On $1B XL Fleet Merger

By Leslie A. Pappas (September 21, 2021, 9:29 PM EDT) -- A special purpose acquisition company investor who lost money in the $1 billion merger that created XL Fleet Corp. has launched a proposed class action against the electric vehicle systems provider in Delaware's Chancery Court, alleging that insiders drove an unfair "value-destroying" deal process that misled shareholders....

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