A Broward County restaurant chain is alleged to have misled investors and concealed key information as a result of a merger with another popular South Florida eatery, leading to a stock price dive that has investors reeling.
A growing merger trend, SPACs or Special Purpose Acquisition Companies, is at the center of new litigation that could include hundreds of thousands of potential class members, the suit says.
Attorney Scott Lance Silver is at the helm of this suit, which seeks class certification on behalf of investor John Walker and others. Silver’s Coral Springs-based Silver Law Group and New York City-based Pomerantz LLP represent the plaintiff.
