Company, SPAC Execs Sued Over Lack Of IPO Business Disclosures

(December 6, 2021, 10:22 AM EST) -- CHICAGO — A physical therapy company’s investor sued several of the company’s officers and directors, as well as several former officers and directors of a special purpose acquisition company (SPAC) in Illinois federal court on Dec. 1, alleging that the defendants breached their fiduciary duty by failing to disclose that the company would not be able to hit is fiscal year 2021 financial goals prior to the SPAC bringing the company public, in violation of federal securities laws....

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