In recent years, the life science industry has been a primary target for securities fraud class action lawsuits as “nearly one out of every four securities fraud class action lawsuits filed in 2016 was brought against a life sciences company.”1 These fraudulent class action lawsuits have become increasingly common as 2016 highlighted a 70% increase…
Tag: Securities Fraud
SPAC: The History of the Form, from Penny Stocks and Blank Check Offerings (Part II of IV)
Editor’s Note: This blog series is presented in four parts. This second installment provides a background on the history of special purpose acquisition companies. The SPAC form had its beginning in a turbulent time for capital markets in the United States. Its earliest predecessor was a type of public offering commonly referred to as…