SPAC Faces Lawsuit From Ex-Lawyers After Casino Deal Fails
Alexeiseman10 Jul, 2025Business
A special purpose acquisition company (SPAC) is facing a lawsuit from its former legal representatives following the collapse of a proposed casino project in Manila. The ex-lawyers claim the SPAC failed to honor its financial obligations after the deal fell apart, alleging unpaid legal fees, breach of contract, and professional misconduct. The lawsuit sheds light on the mounting legal and financial challenges facing SPACs involved in complex international transactions, particularly in high-stakes industries like gaming and hospitality.
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