SPAC Defenders Fear Professor’s Victory Means Lawsuit Gold Rush

Welcome back to the Big Law Business column on the changing legal marketplace written by me, Roy Strom. Today, we look at the potential for a flood of lawsuits against blank-check companies. Sign up to receive this column in your Inbox on Thursday mornings.

Stanford Law Professor Michael Klausner’s legal push aimed at showing SPACs are a rip-off for everyday investors is going as well as he could have hoped. And some fear it’s going too well.

Klausner and Grant & Eisenhofer lawyers won a ruling last week allowing their case against a SPAC, GigCapital3 Inc., to move toward ...