Banker Claims N.Y. Law Firm Choked off Assets, Derailing SPAC Profits: Report


A longtime investment banker is accusing a New York law firm of malpractice after it allegedly froze his company’s assets and restricted his ability to invest in a SPAC he helped launch, Reuterrs reports.

Craig Marshak and Triple Eight Markets, a Nevada-incorporated entity where he has served as director, sued the New York-based government relations firm Davidoff Hutcher & Citron in New York Supreme Court.

The lawsuit alleges Davidoff Hutcher, representing Marshak’s former wife, asked a New York court last year to enforce a foreign judgment from a matrimonial proceeding in the United Kingdom.

A New York judge issued a temporary restraining order that allegedly kept a Triple Eight bank account containing $125,000 frozen from August 2020 to January 2021. The lawsuit says the order was later vacated and the case thrown out. Read more.

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