Reuters reveals lawyers behind Ackman's retreat may target more SPACs - Reuters News Agency
Business & Finance

Reuters reveals lawyers behind Ackman’s retreat may target more SPACs

Reuters broke the news that the lawyers whose action prompted billionaire investor William Ackman to make changes to his special purpose acquisition company (SPAC) could target more such vehicles. Reuters sources said the lawyers’ group, which includes one of the most prolific U.S. shareholder class action firms, is actively monitoring the sector and that the number of potential new lawsuits could end up being as high as 50.

Article Tags
Topics of Interest: Business & Finance
Type: Reuters Best
Sectors: Business & FinanceEquities
Regions: Americas
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Important Regional Story
Bill Ackman, chief executive officer and portfolio manager at Pershing Square Capital Management, speaks during the SALT conference in Las Vegas, Nevada, U.S. May 18, 2017.  REUTERS/Richard Brian
Sign up for email updates
Sign up for email updates