SPACs are getting hit by a rising number of class-action lawsuits as more hyped-up deals turn out to be flops, CNBC reports.
Shareholder lawsuits against post-merger SPACs rose to 15 through the first half of 2021, tripling from just five in all of 2020, according to data from Woodruff Sawyer. The jump came even as overall securities cases fell 13% this year, according to the data. Read more.
