The lawsuit contends that
's special purpose acquisition company acted all along as an investment company rather than an
exempt from the registration requirement.
The lawsuit was filed on Monday in
Federal Court by
, an investor in the
. The suit states: Investing in securities is basically the only thing that
has ever done. SPACs are meant to merge with public firms and then take them private.
bought 7.1% of his company vivendi-sells - ...