In today’s edition of Daily Compliance News:
- Swiss prosecutors demand jail time for Steinmetz. (TimesOfIsrael)
- Who are your stakeholders? (Reuters)
- Fat Leonard goes on the lam. (Declan Herald)
- Trump SPAC is in danger of collapse. (NYT)
Tag: SPAC
In today’s edition of Daily Compliance News:
- Fraud in licensing. (Bloomberg)
- SPACs sinking. (WSJ)
- The humble resume is still critical? (NYT)
- No mercy corruption crackdown in China. (YaHoo!News)
Compliance into the Weeds is the only weekly podcast which takes a deep dive into a compliance related topic, literally going into the weeds to more fully explore a subject. This week Matt and Tom take a deep dive into the recent SEC enforcement action regarding the SPAC Stable Road Acquisition Corp. and its acquisition of the space technology company Momentus. Some of the issues we consider are:
- What were the underlying facts?
- Were red flags missed, consciously avoided or outright ignored?
- Where was compliance due diligence?
- Bill Ackerman, Pershing Square Tontine Holdings and the proposed Universal Music acquisition?
- Diamond Acquisition Corp and its acquisition of Lordstown Motors.
Resources
Matt in Radical Compliance
The Second Act of SPAC Enforcement
In today’s edition of Daily Compliance News:
- Two Americans convicted of helping smuggle Carlos Ghosn out of Japan were each sentenced. (NYT)
- J&J weighing whether to use bankruptcy laws to shield itself from talc lawsuits. (Reuters)
- For WeWork, the chicken was to come before the egg. (WSJ)
- Ackerman SPAC purchase of Universal Music squashed by SEC. (NYT)
