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Ex-CEO For Space Cargo Biz Can't Revive Legal Fee Suit

Law 360

Delaware's Supreme Court let stand on Friday a Court of Chancery ruling that space infrastructure company Momentus Inc. has no obligation to advance legal fees to its co-founder and former CEO after he waived most of his rights to indemnification and advancement when he left the company in 2021.

Legal 40
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Spacy SPAC Deal Prompts SEC Enforcement

Intelligize Blog

After talking for months about applying stricter scrutiny to special purpose acquisition companies, the Securities and Exchange Commission has started making good on its promise. The SEC announced charges earlier this month against multiple parties involved in the proposed merger between private space transportation company Momentus Inc.

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2 Firms Will Steer Chancery Suit Over Space Biz-SPAC Merger

Law 360

Grant & Eisenhofer PA and Bernstein Litowitz Berger & Grossmann LLP will serve as co-lead counsel for stockholders in now-consolidated litigation in Delaware Chancery Court alleging that a special-purpose acquisition company's merger with space infrastructure company Momentus Inc.

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SPAC, Merger Target And CEOs Accused Of Faulty Disclosure

Law 360

Securities and Exchange Commission announced Tuesday it has reached settlements with special purpose acquisition company Stable Road Acquisition Co., its sponsor and CEO, and the SPAC's proposed merger target Momentus Inc.