SPAC Restatements and the Threat of Shareholder Litigation

At least one securities class action focusing on the restatement of SPAC warrants has been filed. It remains to be seen whether stock price declines in response to restatements and/or disclosures of weaknesses by SPACs are of sufficient magnitude to prompt more lawsuits.

Related Keywords

Paul Munter ,Jesus Mendoza ,Thomas Jedrzejczyk ,Shane Levin ,John Coates ,Auditing Considerations Of Companies ,Skillz Inc ,Division Of Corporation ,Cornerstone Research ,Virgin Galactic Holdings Inc ,Hf Foods Group ,Corporation Finance ,Acting Chief Accountant ,Virgin Galactic Holdings ,Internal Controls ,Public Statement ,Galactic Holdings ,Business Combination ,Generally Accepted Accounting Practices ,Bonus Payments ,Filings Received ,Staff Accounting Bulletin ,Sarbanes Oxley Act Section ,Financial Reporting ,Auditing Considerations ,Companies Merging ,Accounting Class Action Filings ,Legal ,Administrative And Regulatory ,Sec And Securities ,Corporate ,Pac ,Pac Restatements ,Pac Financial Statement Restatements ,Aterial Weaknesses In Internal Controls ,