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.
Paul Munter Jesus Mendoza Thomas Jedrzejczyk Shane Levin John Coates Auditing Considerations Of Companies
Source: natlawreview.com