The SPAC said in a filing that it faces a shareholder suit in connection with its proposed merger with MP Materials.
Figueredo v. Fortress Value Acquisition Corp., et al., Case No. 654244/2020 (N.Y. Supr. Sept. 4, 2020), alleges the SPAC “violated federal securities laws in connection with the business combination by omitting material information with respect to the business combination.” Read more.
Fortress Value Faces Shareholder Lawsuit
