In The Press August 03, 2021

49 Firms in 72 Hours: How the SPAC Bar United Against Law Profs’ Splashy Lawsuits (Reuters)

When a half-dozen or so lawyers started talking last Tuesday about issuing a joint statement rebutting three ballyhooed lawsuits against blank check acquisition companies, they figured they’d be lucky to get 20 firms to sign on. When the statement was released on Friday morning, only three days after it began to take shape, 49 firms had signed it. “If this were even gray, you wouldn’t have law firms mobilize this quickly,” said Goodwin Technology and SPACs partner Jocelyn Arel. Read the Reuters article here.