A special purpose acquisition company investor who lost money in the $1 billion merger that created XL Fleet Corp. has launched a proposed class action against the electric vehicle systems provider in Delaware's Chancery Court, alleging that insiders drove an unfair "value-destroying" deal process that misled shareholders.
Paul Glazer stood awkwardly in a dark-blue suit at a podium at the Tel Aviv Stock Exchange.
The occasion: the 2018 kickoff for the sun-drenched local franchise of the Sohn Investment Conference, a pediatric cancer charity.
Other Sohn speakers that day included Jefferies global strategist David Zervos, Seth Fischer of Hong Kong hedge fund Oasis Management, and activist Bart Baum of Ionic Capital Management. They all crowded together in front of a wall of videos to press a blue switch to start the day’s trading.
“The market is open,” a computer-like voice droned amid cheers and applause, according to a video of the event.
Home / Top News / SHAREHOLDER ALERT: Kaskela Law LLC Announces Shareholder Class Action Lawsuit Against XL Fleet Corp. (XL, PIC) and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm
SHAREHOLDER ALERT: Kaskela Law LLC Announces Shareholder Class Action Lawsuit Against XL Fleet Corp. (XL, PIC) and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm
PHILADELPHIA, April 15, 2021 (GLOBE NEWSWIRE) Kaskela Law LLC announces that a shareholder class action lawsuit has been filed against XL Fleet Corp. (“XL Fleet” or the “Company”) (NYSE: XL), formerly known as Pivotal Investment Corp. II (“Pivotal”) (NYSE: PIC), on behalf of investors who purchased or acquired XL or PIC
XL Fleet Is Now All Set To Go Public by Merging With the SPAC Pivotal Investment Corp II (PIC) as the Shareholders Have Approved the Merger Agreement Dec 21, 2020 09:16 EST
XL Fleet, a provider of electrification solutions for commercial and municipal fleets, is about to become a public entity by merging with the Special Purpose Acquisition Company (SPAC), Pivotal Investment Corp II (NYSE:PIC).
XL Fleet and Pivotal Investment Corp II (NYSE: PIC) Are Now About to Close Their Merger Agreement
We reported a few days back that Pivotal Investment shareholders would vote on the proposed merger agreement with XL Fleet during a special meeting on the 21st of December. Well, the meeting was convened as per the schedule with the following proposals placed on the docket for deliberation: