SPAC-Mongers Face Mounting Lawsuits
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SPACS may have gone splat, but the SPAC kings made a killing. Now comes the legal SPAC attack.
According to a new Bloomberg report, a wave of lawsuits backed by scorned investors are hitting SPAC-happy executives like Chamath Palihapitiya and Alec Gores, who, more often than not, made out with small fortunes even as newly public companies crashed and burned.
Source Fool.com
