Core Scientific Strikes $14.75M Settlement in Investor SPAC Lawsuit

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Attorneys and Court Oversight

Ihle and the proposed class are represented by Justin O. Reliford, Ora L. Lupear, and Kassandra A. Nelson of Scott+Scott Attorneys at Law LLP; D. Seamus Kaskela and Adrienne Bell of Kaskela Law LLC; and Joseph L. Christensen of Christensen Law LLC.

The defense team includes John P. DiTomo and Rachel R. Tunney of Morris Nichols Arsht & Tunnell LLP, alongside Stefan Atkinson, Mary T. Reale, Ashley P. Grolig, and Andrew Farrington of Kirkland & Ellis LLP.

The Broader Impact

The Core Scientific $14.75M Deal highlights the ongoing volatility of crypto ventures that went public through SPACs during the digital gold rush, only to face market headwinds and investor backlash.

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The settlement, if approved, would close another chapter in the turbulent story of crypto’s intersection with Wall Street, where high hopes met hard financial reality — and where investors are now fighting to reclaim what’s left of their lost billions.