Baron Funds Portfolio Manager Shares SPAC Investing Checklist

Better.com’s boom in business, fueled by existing homeowners refinancing their mortgages, turned into a bust and the company began laying off workers in November 2021. It would continue to let go of workers throughout 2022 as it began to bleed cash and suffer from a number of high-profile missteps and bad publicity.

An increase in potential liability will not only influence the disclosures and communication made by a SPAC, the target, and their respective directors and officers, but also impact the directors and officers liability insurance.

Michael Shvartsman, the CEO of Rocket One Capital. and his brother Gerald Shvartsman, were named in a federal indictment unsealed Thursday in Manhattan federal court. Bruce Garelick, chief investment officer of Rocket and a member of the DWAC board, was also named.