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SEC Accuses Ex-Real Estate Co. Exec Of WeWork Stock Fraud

Law 360

Securities and Exchange Commission accused the former CEO of an Arizona-based commercial real estate investment company of attempting to manipulate the price of WeWork Inc. shares prior to its bankruptcy this month, not long after finding out he was under investigation for a separate $35 million misappropriation scheme.

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WeWork CEO Says Slow Post-COVID Rebound Spurred Ch. 11

Law 360

WeWork Inc.'s s Chapter 11 filing was caused by the societal shifts wrought by the COVID-19 pandemic, the company's CEO said in court documents Tuesday, but the operation is poised to take advantage of expected growth in the flexible office space market post-bankruptcy.

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The Continuous Growth of M&A Deals and Future Projections

Fordham Law News

3] Multibillion-dollar deals were abandoned such as Xerox’s $34 billion offer for HP and SoftBank’s $3 billion offer for WeWork shares, [4] and there was general uncertainty about how the market would adapt to this new environment. [5] 1] Initially, the pandemic brought life as we knew it to a halt, and the M&A market was no exception. [2]