Fortress-Linked SPAC Sued Over 'Flawed' Therapy Co. Merger
Law 360 M&A
SEPTEMBER 23, 2022
A blank-check company formed by Fortress Investment Group LLC has been hit with a shareholder derivative suit in Illinois federal court alleging that it and former executives and directors of a physical therapy company it merged with breached their fiduciary duty to investors by pushing through a "flawed and unfair" deal for personal profit.
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