The unwinding of the blank-check stock frenzy, one of the hottest pandemic-era trends on Wall Street, is playing out its last act on a different stage:
The lawsuits claim SPAC executives pushed through deals that allowed them to cash in their founder shares, even if lofty valuations and overly-optimistic business plans posed long-term risks to other shareholders.
In one of the most high-profile actions recently undertaken by the Securities and Exchange Commission’s Fort Worth Office, the SEC in late October settled securities fraud charges for.
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