Lawyers behind Ackman’s retreat may target more SPACs

(Reuters) The group, which includes former U.S. Securities and Exchange Commissioner Robert Jackson, filed lawsuits last week against three blank-check acquisition firms: GO Acquisition Corp, E.Merge Technology Acquisition Corp and Ackman’s Pershing Square Tontine Holdings. The lawsuits accuse the SPACs of operating illegally by not registering as investment companies.

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