Assad v. Pershing Square Tontine Holdings, Ltd. et al

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Case overview

Case Number:

1:21-cv-06907

Court:

New York Southern

Nature of Suit:

Stockholders Suits

Multi Party Litigation:

Derivative Litigation, Class Action

Judge:

Analisa Torres

Firms

  1. July 13, 2022

    Pershing Square Investor Drops Suit Over SPAC Status

    The decision of Pershing Square Tontine Holdings Ltd. to cease operations this month and return money to investors will bring an end to a proposed class action in New York federal court against the blank-check company, as the suing shareholder agreed on Tuesday to dismiss the complaint.

  2. December 22, 2021

    Investor Balks At Reddit-Based Brief In Ackman SPAC Spat

    An investor is urging a New York federal judge not to toss his suit challenging the legality of hedge fund giant Bill Ackman's special purpose acquisition company, arguing that an amicus brief filed by a group of Redditors in favor of axing the litigation is flawed.

  3. November 30, 2021

    Ackman SPAC Can't Lean On SEC To Beat Suit, Investor Says

    An investor challenging the legality of hedge fund titan Bill Ackman's special purpose acquisition company says the blank-check company can't keep asking the court to assume that its structure has been approved by the U.S. Securities and Exchange Commission.

  4. November 05, 2021

    Ackman's Firms Fire Back At Challenge To Legality Of SPACs

    Hedge fund titan Bill Ackman's special purpose acquisition company asked a New York federal judge to dismiss litigation being co-led by a former U.S. Securities and Exchange Commission commissioner that lobs a "fundamentally mistaken" challenge to the legality of so-called blank-check companies.

  5. August 20, 2021

    Ackman Smacks Back At SPAC Suit With 'SPARC' Plug

    Hedge fund titan Bill Ackman is pushing back hard on a recent lawsuit targeting his outsize $4 billion special purpose acquisition company, telling shareholders that he's got a plan, involving what's known as a "SPARC," to mitigate fallout from litigation being co-led by a former SEC commissioner.

  6. August 17, 2021

    Investors Allege Ackman's SPAC Dodged Registration Rules

    Investors sued hedge fund giant Bill Ackman's special purpose acquisition company in federal court Tuesday, alleging the massive SPAC avoided registering as an investment company in order to illegally compensate insiders through securities on generous terms unavailable to the public.

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