John Ruiz of MSP Recovery in Coral Gables. Courtesy photo Miami Lawyer John Ruiz Made $2 Billion in the Final Days of SPAC Fever. Can He Keep It?
Class action lawyer and Medicare payments entrepreneur John Ruiz is down $19 billion as his public company trades at $1 following a disastrous IPO. But Ruiz, holder of over 2 billion shares, is still doing better than he was before the transaction.
June 09, 2022 at 11:09 AM
8 minute read
The original version of this story was published on The American Lawyer
Big Law made untold millions advising on corporate mergers via special purpose acquisition companies last year, generating six- and seven-figure fees in the deals. Market leaders such as Ellenoff Grossman & Schole and Kirkland & Ellis handled more than 100 deals each for roughly $33 billion in respective deal value, according to SPAC Research.
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