Ninth Circuit affirms dismissal under “bright-line rule” regarding SPAC merger
By EsqSocial Corporation 23/12/24
In re: CCIV / Lucid Motors Sec. Litig., 110 F.4th 1181 (9th Cir. 2024), the Ninth Circuit affirmed dismissal of a securities fraud class action brought by investors under Sections 10(b) and 20(a) of the Exchange Act and Rule 10b-5 against Lucid Motors and its Chief Executive Officer. ...
By: Hogan Lovells