A hedge fund will get the chance to try derailing a proposed settlement to sprawling litigation over the failed $2.6 billion merger between Manila’s largest luxury casino and a blank-check company.
A Delaware judge let Zama Capital Master Fund LP join the court fight between the Okada Manila’s owners and 26 Capital Acquisition Corp., the special purpose acquisition company it was set to combine with in 2021. The lawsuit targets an affiliate of Japan’s Universal Entertainment Corp. that canceled the transaction amid legal wrangling in the Philippines that drew in the country’s top court and high-level politicians there.
The judge, …