Schulte Roth Seeks Fees from 26 Capital SPAC
Schulte Roth & Zabel LLP has initiated legal proceedings against 26 Capital Acquisition Corp., a special purpose acquisition company (SPAC), in Delaware’s Court of Chancery. The law firm seeks to recover over $1.9 million in unpaid legal fees for its counsel on a proposed $2.5 billion merger with Okada Manila, a major casino operator in the Philippines. The merger ultimately failed due to disclosure issues, and 26 Capital has announced plans to dissolve and distribute its assets to shareholders.
https://fingfx.thomsonreuters.com/gfx/legaldocs/egpbmlamkvq/Schulte%20v.%2026%20Capital%20-%20complaint.pdf
Schulte Roth & Zabel LLP has initiated legal proceedings against 26 Capital Acquisition Corp., a special purpose acquisition company (SPAC), in Delaware’s Court of Chancery. The law firm seeks to recover over $1.9 million in unpaid legal fees for its counsel on a proposed $2.5 billion merger with Okada Manila, a major casino operator in the Philippines. The merger ultimately failed due to disclosure issues, and 26 Capital has announced plans to dissolve and distribute its assets to shareholders.
https://fingfx.thomsonreuters.com/gfx/legaldocs/egpbmlamkvq/Schulte%20v.%2026%20Capital%20-%20complaint.pdf
Schulte Roth Seeks Fees from 26 Capital SPAC
Schulte Roth & Zabel LLP has initiated legal proceedings against 26 Capital Acquisition Corp., a special purpose acquisition company (SPAC), in Delaware’s Court of Chancery. The law firm seeks to recover over $1.9 million in unpaid legal fees for its counsel on a proposed $2.5 billion merger with Okada Manila, a major casino operator in the Philippines. The merger ultimately failed due to disclosure issues, and 26 Capital has announced plans to dissolve and distribute its assets to shareholders.
https://fingfx.thomsonreuters.com/gfx/legaldocs/egpbmlamkvq/Schulte%20v.%2026%20Capital%20-%20complaint.pdf
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