Casino to Settle Del. SPAC Lawsuit Despite Hedge Fund Intervention

A casino company has agreed to settle a lawsuit involving a Delaware-based SPAC, even as a hedge fund intervenes in the case. The legal dispute, which centers around the merger between the casino and the SPAC, has been complicated by the hedge fund's attempts to influence the outcome. Despite this external pressure, the parties have reached an agreement to resolve the matter, potentially ending months of litigation.

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Casino To End Del. SPAC Suit Despite Hedge Fund Butting In - Law360 Real Estate Authority
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Casino To End Del. SPAC Suit Despite Hedge Fund Butting In - Law360 Real Estate Authority

A New York hedge fund that helped draft a failed $2.6 billion deal to take a casino in the Philippines public by merging with a special-purpose acquisition company is now trying to intervene in the company's Delaware lawsuit against the casino