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Martin Bell Quoted in The Wall Street Journal on SPAC-Related Trial
09.12.22
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Litigation Partner Martin Bell was quoted in a Wall Street Journal article previewing an upcoming securities-fraud trial surrounding a former executive in the automotive industry whose company went public via a SPAC. With reference to how this trial has been, to this point, the most visible instance in what had been an anticipated increase in federal enforcement actions surrounding SPACS, Martin noted that, “the DOJ and the SEC went out of their way to note the SPAC nature presumably in order to send a shot across the bow that this was an area they were going to watch.”
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