Southern District of New York Daniel Patrick Moynihan U.S. Courthouse at 500 Pearl Street. Photo: Rick Kopstein/ALM New Lawsuit Takes Aim at 'Blank Check' Firm, Health Care Company Over Merger
The class action complaint, filed in the U.S. District Court for the Southern District of New York, took aim at Churchill Capital Corp. III, a special purpose acquisition vehicle, or SPAC, that merged with health care cost specialist MultiPlan Corp. in October.
February 25, 2021 at 04:01 PM
4 minute read
A new lawsuit filed in Manhattan federal court targeted the private equity owners of a so-called "blank check" company, claiming that firm, a type of popular mechanism for conducting corporate mergers, had left investors holding the bag on a bad merger.
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