Reuters reveals lawyers behind Ackman’s retreat may target more SPACs

reuters reveals lawyers behind ackmans retreat may target more spacs • Reuters reveals lawyers behind Ackman’s retreat may target more SPACs
reuters reveals lawyers behind ackmans retreat may target more spacs • Reuters reveals lawyers behind Ackman’s retreat may target more SPACs

Business & Finance

Reuters broke the news that the lawyers whose action prompted billionaire investor William Ackman to make changes to his special purpose acquisition company (SPAC) could target more such vehicles. Reuters sources said the lawyers’ group, which includes one of the most prolific U.S. shareholder class action firms, is actively monitoring the sector and that the number of potential new lawsuits could end up being as high as 50.

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