Rehearing Of 2nd Circuit Decision Sought In Suit To Void Stock Purchase Agreement

( July 16, 2025, 2:48 PM EDT) -- NEW YORK — An aerospace company filed a petition for rehearing en banc and panel hearing in the Second Circuit U.S. Court of Appeals of its case seeking to void a stock purchase agreement (SPA) with a hedge fund because the hedge fund violated federal securities laws by not registering as a dealer; a Second Circuit panel affirmed the dismissal of the case, finding that under the terms of the agreement, the hedge fund did not have to be a registered dealer....