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Edelson Lechtzin LLP Investigates Securities Fraud Claims Against Lionheart Acquisition Corporation II
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Overview
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Edelson Lechtzin LLP is investigating securities fraud and breach of fiduciary duty claims on behalf of former shareholders of Lionheart Acquisition Corporation II (LCAPU, LCAP), a special purpose acquisition company (SPAC), who acquired Lionheart shares before its business combination with MSP Recovery, LLC (MSPR). Lionheart Acquisition Corporation II investors may have claims based on alleged false and misleading statements and/or material omissions in the documents used to solicit shareholder approval for the business combination.
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How might this investigation impact the reputation and financial stability of Lionheart Acquisition Corporation II?
What legal actions can be taken against Lionheart Acquisition Corporation II if the investigation finds evidence of securities fraud or breach of fiduciary duty?
What specific false and misleading statements or material omissions are alleged in the documents used to solicit shareholder approval for the business combination?
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