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Latest SPAC Lawsuit Targets GigCapital’s Avi Katz, UpHealth Deal

A blank-check company investor filed suit in Delaware on Thursday against the GigCapital affiliates that engineered its reverse merger with UpHealth Inc., claiming transactions involving a “special purpose acquisition company” nearly always rip off investors because they’re rife with conflicts of interest.

Rocky Mountain Chocolate Sued by Hedge Fund Over Board Fight (1)

AB Value Partners LP filed suit in Delaware on Thursday against Rocky Mountain Chocolate Factory Inc. and most of its directors, claiming they unilaterally shrank the board’s size just weeks before a shareholder vote on a dissident director slate nominated by the activist hedge fund.

Liberty, Sirius XM Board Sued Over $16 Billion Buyback ‘Scheme’

A Sirius XM Holdings Inc. investor filed suit in Delaware on Thursday, claiming partial parent Liberty Media Corp. is trying to back the entertainment company into a short-form merger—without spending a cent to increase its stake—by having Sirius buy back billions worth of stock.

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How Marijuana Is Both Legal and Illegal in the U.S.

How do states legally get around the federal ban on cannabis, and what unique legal challenges do attorneys and businesses in the marijuana industry face?

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