In Bloomberg Law, Paul Tropp Examines New Wave of SPAC Accounting Error Restatements

In The News
November 23, 2021

In Bloomberg Law, capital markets partner Paul Tropp (New York) discussed the need for many SPACs to issue restatements of accounting errors. 

Paul explains that while mass restatements in a single industry for a specific accounting problem are unusual in this context it is not something that investors are concerned about, and it’s not something that is qualitatively material.