Virgin Galactic Top Lawyer Leaving as Company Defends SPAC Suit

July 12, 2022, 10:45 AM UTC

Virgin Galactic Holdings Inc., a commercial spaceflight venture controlled by billionaire Richard Branson, is losing its chief legal officer as it fights a lawsuit over a merger with a special purpose acquisition company.

Michelle Kley will resign July 19, Virgin Galactic said in a securities filing. She joins Volta Inc., an operator of electric vehicle charging stations, as legal chief and corporate secretary on July 20, Volta said in a statement.

Kley’s departure comes as Virgin Galactic defends a lawsuit an investor filed last year over alleged accounting discrepancies related to the company’s 2019 merger with a SPAC called ...

Learn more about Bloomberg Law or Log In to keep reading:

Learn About Bloomberg Law

AI-powered legal analytics, workflow tools and premium legal & business news.

Already a subscriber?

Log in to keep reading or access research tools.