Jason Ader Faces Removal Bid After SPAC Failure

An investor in 26 Capital has formally requested the removal of Jason Ader as principal of the firm, citing his role in the failed merger with Okada Manila. The proposed deal, once valued at over $2.5 billion, collapsed after prolonged legal and regulatory challenges. The investor claims the failed SPAC transaction reflects poor leadership and decision-making, raising questions about Ader’s continued role in the company.

https://land-book.com/alex_eiseman

Court Backs Okada Manila in SPAC Deal Dispute

A Philippine court has sided with Okada Manila in a closely watched legal battle, granting the casino and resort operator the right to terminate its proposed merger with a U.S.-based special purpose acquisition company (SPAC). The decision marks a significant legal win for Okada Manila, which had raised concerns over the terms and conditions of the deal.

https://www.casino.org/news/ok....ada-manila-can-end-s

Court Decision Allows Okada Manila to Exit SPAC Deal

A Delaware court has ruled in favor of Okada Manila, allowing the Philippine-based integrated casino resort to terminate its proposed merger with a special purpose acquisition company (SPAC). The decision follows a legal dispute over the terms and execution of the merger agreement. The court found that Okada Manila had the legal right to withdraw from the deal, citing specific contractual conditions that were not met.

https://mailchi.mp/9ab590e23cc3/alexeiseman

Litigation: Universal Entertainment Corp. et al. vs. Alexander Eiseman et al.

This case involves a legal dispute between Universal Entertainment Corporation and multiple plaintiffs against Alexander Eiseman and associated defendants. The litigation centers around allegations that may include breach of contract, fiduciary misconduct, or other corporate governance issues. As part of the proceedings, the court will examine the actions and responsibilities of the involved parties, focusing on potential damages, liability, and remedies under applicable corporate and civil law.

https://docs.justia.com/cases/....federal/district-cou