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Jumping on the SPAC train? Not so fast. Securities litigation is on the rise.

While the last two years will likely be remembered mainly for the COVID-19 pandemic ravaging the globe, many in the financial space will also remember this time as the rise of Special Purpose Acquisition Companies, more commonly referred to as SPACs.  The number of SPAC initial public offerings (IPOs) rose exponentially from 59 in 2019 to 248 in 2020 to Continue Reading

Case Spotlight: Steinhoff Settlement Approaching Final Approval

Case Background  Steinhoff International Holdings NV (“SIHNV”) is a global investment company that engaged in the manufacture and retail of furniture, household goods, and clothing. Steinhoff Internal Holdings Proprietary Limited (“SIHPL”) is a South African holding company for SIHNV subsidiaries (together with SIHNV, “Steinhoff”). Steinhoff now seeks a €769M global settlement relating to allegations that it entered into a number Continue Reading

Case Spotlight: Bayer AG

Case Background On June 7, 2018, Bayer AG completed its $62 billion acquisition of Monsanto Corp., a U.S. agrochemical company. Plaintiffs allege that between 2016 and 2019, in violation of German securities laws, Bayer failed to disclose the massive liabilities Monsanto faced from personal injury suits related to its herbicide Roundup: 8,700 at the time of merger and more than Continue Reading

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