As litigation over special acquisition vehicles heats up, deal lawyers are taking steps to help avoid such challenges, Reuters reports.
Investors in recent months have accused companies, such as electric truck maker Nikola Corp, of making misleading or false statements about their businesses through mergers with SPACs.
Now, attorneys are advising clients to more thoroughly vet a potential target’s business and to increase transparency around conflicts of interest and other issues that could spark lawsuits. Read more.
