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Virgin Galactic Top Lawyer Leaving as Company Defends SPAC Suit
Virgin Galactic Holdings Inc., a industrial spaceflight enterprise managed by billionaire Richard Branson, is dropping its main authorized officer as it fights a lawsuit about a merger with a distinctive goal acquisition business. Michelle Kley will resign July 19, Virgin Galactic reported in a securities filing. She joins Volta Inc., an operator of electric motor vehicle charging stations, as authorized main and company secretary on July 20, Volta explained in a statement. Kley’s departure arrives as Virgin Galactic defends a lawsuit an trader submitted last 12 months above alleged accounting discrepancies relevant to the company’s 2019 merger with a SPAC termed Social Cash Hedosophia Holdings Corp. The lawsuit accused Branson…