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Judge Finds Double-Dealing in Proposed SPAC Merger Involving Casino

Por: MarketWatch Business September 13, 2023

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The SPAC sponsor Jason Ader is . The advisor hired by the casino is a Manhattan hedge fund manager, Alex Eiseman. In his Thursday opinion, Judge Laster said that Ader secretly sold most of his SPAC shares to Eiseman, who then conspired to push his casino client into a deal favoring the SPAC. The judge likened Eiseman to famous double-agents like Robert Hansen, Aldrich Ames, and Kim Philby. During their court testimony, both Ader and Eiseman... + full article



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