Johnson Fistel, LLP Launches Investigation into Multiple Special Purpose Acquisition Companies (SPACs) – EIN News
Johnson Fistel, LLP, a leading national securities and shareholder rights law firm, recently announced the launch of an investigation into multiple Special Purpose Acquisition Companies (SPACs). SPACs are publicly traded companies that are created to raise capital for the purpose of acquiring a private company.The investigation focuses on whether certain directors and officers of the SPACs have breached their fiduciary duties to shareholders by failing to properly evaluate potential acquisition targets and by failing to disclose material information about the SPACs’ operations and financial condition. The investigation also seeks to