Ackman's Firms Fire Back At Challenge To Legality Of SPACs

By Dean Seal (November 5, 2021, 5:52 PM EDT) -- Hedge fund titan Bill Ackman's special purpose acquisition company asked a New York federal judge to dismiss litigation being co-led by a former U.S. Securities and Exchange Commission commissioner that lobs a "fundamentally mistaken" challenge to the legality of so-called blank-check companies....

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