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☆ Netflix shouldn't have called 'Baby Reindeer' a true story, judge says, opening the way for defamation lawsuit
  + stars: | 2024-09-30 | by ( Mia Jankowicz | ) www.businessinsider.com   time to read: +6 min
A judge has allowed a defamation lawsuit against Netflix's 'Baby Reindeer' to move forward. AdvertisementA judge has said that "Baby Reindeer" was wrongly labeled as a "true story," opening the way for a defamation lawsuit from the real-life "Martha" portrayed in the show to proceed. "Baby Reindeer" — a massive hit for Netflix — was first released in April. Jessica Gunning as Martha Scott in "Baby Reindeer" and Fiona Harvey on "Piers Morgan Uncensored." Related stories"Believing the series to be true, viewers immediately got to work trying to identify the real Martha," it added.
Persons: Netflix's, Fiona Harvey, Martha, Harvey, —, Richard Gadd, Netflix —, Gadd, it's, Donny Dunn, Martha Scott, Jessica Gunning, Piers Morgan, Gary Klausner, Klausner's, Ed Miller, Dunn, Harvey —, Klausner Organizations: Netflix, Service, Sunday Times
☆ SPACs are running out of time to close dozens of deals with startups that hoped to go public. Here's why they're being delayed and may not get done.
  + stars: | 2022-08-22 | by ( Sindhu Sundar | Stephanie Palazzolo | ) www.businessinsider.com   time to read: +5 min
SPAC mergers announced last year have yet to close and are up against the clock. In 2021 alone, they raised nearly $163 billion, and 275 merger deals were announced, according to data from Dealogic. Several SPAC mergers are now in limbo, among them embattled mortgage startup Better.com, fintech company Aspiration, and crypto startup Bullish, which all announced their SPAC mergers more than a year ago. Those price tags are no longer reliable as they've become outdated, adding an extra challenge to securing financing to close deals during a downturn, experts said. Deadlines to close SPAC mergers can vary depending on the lifespan of the blank-check company in question, but typically range from a year to two years.
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