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  • With no merger deal, failed SPAC faces lawsuit over legal fees
    Legal Lawsuit

    With no merger deal, failed SPAC faces lawsuit over legal fees

    March 23, 2023 /

    (Reuters) – Law organization White & Situation has sued a distinctive objective acquisition firm for much more than $8.2 million in authorized service fees, boasting it stiffed the business right after failing to consummate a prepared $480 million merger and then announcing designs to wind down this month. New York-founded White & Situation sued former client Colonnade Acquisition Corp II and its administrators in New York point out courtroom late Monday, arguing the organization will be “irreparably harmed” if the blank-examine enterprise liquidates and dissolves before spending the service fees it owes. Blank-check company Colonnade, led by buyers Joseph Sambuco and Remy Trafelet, elevated $300 million in an IPO and…

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    Nicholas Allbright Comments Off on With no merger deal, failed SPAC faces lawsuit over legal fees

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