SPAC Retail Investor or Board of Director feat. Machua Millett

Episode 169 April 01, 2021 00:43:31
SPAC Retail Investor or Board of Director feat. Machua Millett
Wisco Weekly by 24Hour Journal
SPAC Retail Investor or Board of Director feat. Machua Millett

Show Notes

Machua Millett is the Chief Innovation Officer for Marsh & McLennan (NYSE: MMC). He specializes in policy drafting, program placement, and claims advocacy regarding management and professional liability insurance issues for investment firms. One particular area that Machua dives into intensively is that of SPACs. Tune in to hear Machua's risk assessment and management strategies on SPACs, especially as we look at a particular case of XL Fleet Corp. (NYSE: XL).


About Machua Millett

I specialize in policy drafting, program placement and claims advocacy regarding management and professional liability insurance issues for private equity, venture capital, and hedge funds and private and public companies. I am responsible for overseeing technical insurance policy drafting for our General Partner Liability and portfolio company D&O books, as well as guiding private companies through the insurance aspects of the Initial Public Offering (IPO) process. I am also a senior claims advocate for our alternative investment fund and private and public company clients when they have a claims dispute.

My background is as a general commercial litigator, securities class action defense attorney and insurance coverage lawyer. Before Marsh, I spent ten years defending alternative investment firms, private and public companies against regulatory investigations, derivative and class action securities suits, general commercial lawsuits and insurance coverage actions at Bingham McCutchen, Skadden Arps and Edwards Wildman.

I was born in Nicaragua, and grew up in Nicaragua and Costa Rica before coming to the United States. I graduated from New Lebanon Junior/Senior High School as a National Merit Scholar, summa cum laude from Tufts University, and Harvard Law School. I live outside of Boston, MA with my wife and two boys.



A class action has commenced on behalf of certain shareholders in Renewable Energy Group, Inc. The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to disclose that:
(1) due to failures in the diesel additive system, petroleum diesel was not periodically added to certain loads by the Company and was instead added by the Company's customers;
(2) as a result, Renewable Energy was not the proper claimant for certain BTC payments on biodiesel it sold between January 1, 2017 and September 30, 2020;
(3) as a result, Renewable Energy's revenue and net income were overstated for certain periods;
(4) there was a material weakness in the Company's internal control over financial reporting related to the purchase and use of the petroleum diesel gallons when blending with biodiesel; and
(5) as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.


Related Episodes


Notes  |  Resources


***** Wisco Weekly *****
By Automotive Executives, For Automotive Entrepreneurs

Founder and Host, Dennis Wisco, takes his Business Class listeners through the culture and society of automotive business. Subscribe and follow the money to know where you can #maketheinvestment.

Wisco Weekly is proudly supported by automotiveMastermind. Visit to learn more about predictive analytics and marketing automation.



Other Episodes


July 18, 2019 00:40:53
Episode Cover

Cultural Transformation to a Tech Company feat. Brendan Keegan

[vc_row][vc_column][vc_column_text]As more companies in the automotive and transportation space evolve into tech companies, it requires more than just having a software product. Employee positions and mindsets need to change, and sometimes that change requires innovative education and new employees. Or, in the case of Merchants Fleet, you just need great leadership who understands that a cultural transformation is a game of chess, and not checkers. Tune into episode #84 as CEO of Merchants Fleet, Brendan Keegan, shares his thoughts and insights on how he is turning a fleet management company into a fleet-tech company. [/vc_column_text][/vc_column][/vc_row] ...



May 18, 2018 00:52:41
Episode Cover

Driverless Cities, Counties, and States (feat. Rudy Salo)

[vc_row][vc_column][vc_column_text]For driverless cars to reach scale, adoption must occur between cities, counties, and states. Public finance attorney, Rudy Salo, of Nixon Peabody shares insight on how a driverless utopia can manifest beginning in the state of California. Other topics Rudy and Dennis tackled: If autonomous cars target the death of the dealer, then ... If rules and regulations dictate the future of autonomous cars, then ... If technology dictates the future of autonomous cars, then ... If Elon Musk runs the autonomous car world, then ... What tips do you recommend to a business who wants to start up a driverless company in California? [/vc_column_text][/vc_column][/vc_row] ...



April 05, 2018 NaN
Episode Cover

The Dealership of the Future According to a VC (feat. Chase Fraser)

[vc_row][vc_column][vc_column_text] The car business, or better yet "automotive retail," has been and will continue to see disruption in the way that customers interact with a dealership to buy and service their cars. And in any industry, if you follow the money, you can begin to hedge your operation with a keen and practical eye on how to stay relevant, competitive, and profitable in the future. And as Chase Fraser explains, it's all in the ability to analyze data in order to optimize the consumer experience. My guest for this episode is venture capitalist, Chase Fraser, of Fraser McCombs Capital. Investing in new technologies and business models in the automotive space, he and his team of investors of OEMs and dealer groups have put their money where their mouths are as they have invested and are continually looking to invest in areas from dealer services to on-demand services to intelligent vehicle systems to financial technologies and to big data and predictive analytics. While a geographic location, such as Silicon Valley, weighs into his investment decision-making process, Chase believes the secret sauce is truly the people behind the startup. To hear the unedited interview with Chase, visit our YouTube channel. [/vc_column_text][/vc_column][/vc_row] ...