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Celebrity SPACs can be red flags | Financial Planning

Celebrity SPACs can be red flags | Financial Planning
financial-planning.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financial-planning.com Daily Mail and Mail on Sunday newspapers.

New Securities Class Actions Including M&As Down But SPAC-Related Suits Up

New Securities Class Actions Including M&As Down But SPAC-Related Suits Up
insurancejournal.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from insurancejournal.com Daily Mail and Mail on Sunday newspapers.

Class action lawsuits over SPAC merger are piling up - Silicon Valley Business Journal

Class action lawsuits over SPAC merger are piling up - Silicon Valley Business Journal
bizjournals.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bizjournals.com Daily Mail and Mail on Sunday newspapers.

| Pensions & Investments | Securities class-action lawsuits drop 25% in first half of year

Getty Images/iStockphoto The number of securities class-action lawsuits filed in the first half of 2021 has fallen considerably from the levels in the second half of 2020, according to a report released Wednesday by Cornerstone Research and the Stanford Law School Securities Class Action Clearinghouse. Plaintiffs filed 112 securities class-action cases in federal and state courts in the first half of 2021, down 25% from the 150 cases filed in the second half of 2020, according to the report, Securities Class Action Filings 2021 Midyear Assessment. This marks the lowest number of filings since the first half of 2015. The report attributed the decline in filing activity to a 66% drop in filings related to mergers and acquisitions compared with the second half of 2020. Of the cases filed in the first half of the year, only 12 were M&A filings. The number of federal and state court filings alleging claims under the Securities Act of 1933 also continued to decline.

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