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SPAC's Pivot From Cannabis Burned Investors, Suit Says

By Sarah Jarvis ( June 22, 2022, 5:56 PM EDT) -- Directors of a former blank-check company have been hit with a derivative shareholder suit in a California federal court alleging that they breached their fiduciary duty to investors when they took the embattled space industry company Momentus public after initially targeting the cannabis industry so they wouldn't have to repay investors....

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