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Liability for SPAC Flops: Waitr Could Be Test Case for Disgruntled Investor Lawsuits Waitr Inc. never had the resources of rivals Grubhub Inc. and UberEats. Yet in November 2018 the online food ordering and delivery business went public through a merger with blank-check firm Landcadia Holdings Inc. Landcadia had some powerful names behind it. Tilman Fertitta, a billionaire restaurateur, and Richard Handler, the chief executive officer of Jefferies Financial Group Inc., had raised $250 million in backing for Landcadia so that the special purpose acquisition company, or SPAC, could find and tak...

Since the start of 2019, 13 SPAC-related shareholder lawsuits have been filed. Bloomberg | Feb 16, 2021 (Bloomberg) -- Waitr Inc. never had the resources of rivals Grubhub Inc. and UberEats. Yet in November 2018 the online food ordering and delivery business went public through a merger with blank-check firm Landcadia Holdings Inc. Landcadia had some powerful names behind it. Tilman Fertitta, a billionaire restaurateur, and Richard Handler, the chief executive officer of Jefferies Financial Group Inc., had raised $250 million in backing for Landcadia so that the special purpose ac...

Decarbonization Plus Acquisition Corporation II Completes Initial Public Offering - Will seek to identify an innovative company working to decarbonize critical carbon-intensive industries - Furthers Riverstone's leadership in low-carbon investments, having established industry-leading, scaled companies with more than $5 billion of equity invested, including $1.6 billion of newly raised capital in the past year News provided by Share this article Share this article MENLO PARK, Calif., Feb. 8, 2021 /PRNewswire/ -- Decarbonization Plus Acquisition Corporation II (the "Company"), a blank check co...

Positive signs for oil, tourism, but rebound will take time Published December 24, 2020 Share on Facebook Print article Alaska is positioned to possibly become an even more popular destination when travel eventually resumes en masse but oil markets aren’t likely to rebound nearly as well despite relative recent strength, according to the leaders of some of the Alaska Permanent Fund Corp.’s large investment partners. Recent gains in oil markets have surpassed the expectations of most investors but are also tentative, given the dominant presence COVID-19 continues to have over much of...

Wed, 12/23/2020 - 9:08am The Star Princess is seen in Whittier in this Journal file photo. Vaccines have given some in Alaska’s tourism-dependent economy hope for recovery after virtually the entire season was canceled in 2020, but a full rebound isn’t likely until 2022. (Photo/Andrew Jensen/AJOC) Alaska is positioned to possibly become an even more popular destination when travel eventually resumes en masse but oil markets aren’t likely to rebound nearly as well despite relative recent strength, according to the leaders of some of the Alaska Permanent Fund Corp.’s large investment ...