SPAC Investors Sue In Del. Over Conflicted Concert Co. Deal
By Katryna Perera ( January 29, 2025, 6:34 PM EST) -- Investors of a special purpose acquisition company have sued the venture's principals in Delaware Chancery Court, accusing them of steering the already cash-poor company into a conflicted deal to take public a concert promoter affiliated with a SPAC creditor that had scant luck beyond events involving a 1970s "one-hit wonder."...
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