SPAC's Ch. 15 Is A Bid To Dodge Class Action, Investor Says

By Clara Geoghegan · November 9, 2023, 8:35 PM EST

Failed SPAC Pioneer Merger Corp.'s Chapter 15 petition is a "bad faith 'litigation tactic'" to avoid a potential class action judgment, an investor and lead plaintiff has told a New York...

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Case Information

Case Title

Funicular Funds, LP v. Pioneer Merger Corp. et al

Case Number

1:22-cv-10986

Court

New York Southern

Nature of Suit

Stockholders Suits

Date Filed

December 30, 2022


Case Title

Pioneer Merger Corp.

Case Number

1:23-bk-11663

Court

New York Southern

Nature of Suit

Date Filed

October 19, 2023