Bill Ackman’s Pershing Square Tontine Holdings Ltd. (NYSE:PSTH) called investor claims that it’s operating illegally not just implausible, but “fictional,” and repeated a request that the shareholder’s lawsuit be thrown out, Bloomberg reports.
Shareholder George Assad sued the blank-check company in August, less than a month after it abandoned plans for a deal with Universal Music Group, claiming it’s not a SPAC, but an investment company and should be regulated as such. Read more.
