Funicular Funds, LP v. Pioneer Merger Corp. et al

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Case overview

Case Number:

1:22-cv-10986

Court:

New York Southern

Nature of Suit:

Stockholders Suits

Multi Party Litigation:

Class Action

Judge:

Jed S. Rakoff

Firms

  1. June 27, 2024

    SPAC Investors Get Final OK On $13M Settlement

    Attorneys who brokered a $13 million settlement on behalf of investors in special purpose acquisition company Pioneer Merger Corp. will receive about 30% of that settlement fund, minus nearly $100,000 that will go toward their clients' incentive award, a Manhattan federal judge has determined.

  2. November 09, 2023

    SPAC's Ch. 15 Is A Bid To Dodge Class Action, Investor Says

    Failed SPAC Pioneer Merger Corp.'s Chapter 15 petition is a "bad faith 'litigation tactic'" to avoid a potential class action judgment, an investor and lead plaintiff has told a New York bankruptcy court, urging it to not recognize the company's Cayman Islands liquidation.