Reginbald v. Fortress Acquisition Sponsor II LLC et al
Case Number:
1:22-cv-05111
Court:
Nature of Suit:
160(Contract: Stockholders Suits)
Multi Party Litigation:
Derivative Litigation
Judge:
Firms
Companies
Sectors & Industries:
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September 24, 2024
ATI To Pay $31M In SPAC Merger Litigation Settlement
An Illinois federal judge on Tuesday approved ATI Physical Therapy Inc.'s $31 million deal to resolve stockholder and derivative accusations that the company's top brass hid attrition issues to get shareholder approval of ATI's merger with Wilco Holding Inc.
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April 26, 2024
Therapy Co. SPAC Investors To Settle Del., Ill. Merger Suits
An attorney for a blank-check company that took ATI Physical Therapy Inc. public told Delaware's Court of Chancery it has agreed to settle two proposed stockholder class actions in conjunction with pending federal class and derivative suits in the Northern District of Illinois.
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September 22, 2022
Fortress-Linked SPAC Sued Over 'Flawed' Therapy Co. Merger
A blank-check company formed by Fortress Investment Group LLC has been hit with a shareholder derivative suit in Illinois federal court alleging that it and former executives and directors of a physical therapy company it merged with breached their fiduciary duty to investors by pushing through a "flawed and unfair" deal for personal profit.