1. ​49 Law Firms Respond to Investment Company Act Lawsuits Targeting SPACs

    ​49 Law Firms Respond to Investment Company Act Lawsuits Targeting SPACs

    Recently a purported shareholder of certain special purpose acquisition companies (SPACs) initiated derivative lawsuits asserting that the SPACs are investment companies under the Investment Company Act of 1940, because proceeds from their initial public offerings are invested in short-term treasuries and qualifying money market funds...

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