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.

The class action complaint, filed Wednesday 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.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]