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An attorney for billionaire Howard Lutnick and CantorFitzgerald told a Delaware vice chancellor on Thursday that former BGC Partners LP stockholders who sued over allegedly unfair terms in itsconversion into a public company raised derivative claims that instead belong to the converted company.
CantorFitzgerald LP and its billionaire Chair and CEO Howard Lutnick on Thursday agreed to a $12 million settlement to resolve stockholder challenges to a special purpose acquisition company transaction that took window company View Inc. public, with a Delaware Court of Chancery hearing set for Dec.
Shareholders of a special purpose acquisition company that took a now-bankrupt smart window manufacturer public have reached a tentative agreement to settle their proposed Delaware Chancery Court class action against CantorFitzgerald LP and its billionaire chair and CEO Howard Lutnick.
Last week in Delaware's Court of Chancery, Boeing accused shareholders of using a new pressure tactic, CantorFitzgerald struck a $12 million deal, and a vice chancellor dealt with zombie companies. New cases involved displaced Pacific Islanders and an insurance customer acquisition platform.
Investors in a blank-check company that took public energy-saving smart window venture View Inc. have sued billionaire Howard Lutnick, CantorFitzgerald LP and others in Delaware's Court of Chancery, seeking damages for a special-purpose acquisition company deal that saw the window company's claims shattered.
patent system both as a prolific inventor and as CEO of CantorFitzgerald, a company that has operated on multiple sides of patent disputes. President-elect Trump's nominee for Secretary of Commerce, Howard Lutnick, brings particularly relevant experience to the role, shaped by extensive involvement with the U.S.
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