Katz Quoted by New York Law Journal About Lawsuit Challenging Multimillion Dollar Bitcoin Merger

Manatt Financial Services Partner  was quoted in a New York Law Journal article on implications for crypto M&A following an investor’s lawsuit to block a multimillion-dollar merger between two large Bitcoin companies, alleging improper disclosures. 

The investor alleged that the two Bitcoin companies failed to disclose critical financial and conflict-related information in their SEC filing, preventing shareholders from evaluating the fairness of the merger and making an informed decision before a stockholders vote at the end of the month. This complaint emphasizes the importance of clear and transparent communication to stockholders in corporate mergers, especially in the rapidly evolving digital asset realm. “As the industry matures and more crypto mergers and acquisitions occurs, the boards and leaders of crypto companies will need to prioritize higher standards of rigorous disclosure and good corporate governance,“ said Katz. ”Such efforts will be essential in avoiding lawsuits and enabling successful exits.” 

Read the full article .