I don't know anything about BRCC as a company other than the public backlash they faced for anti-2A positions, but class action securities fraud cases are pretty much always bullcrap. I spent the first 15 years of my career as a lawyer working on securities offerings (IPOs and secondaries, never a SPAC though) and the way it usually worked is that everyone is happy as the stock goes up and when they stock goes down, for whatever reason, the class action (((vultures))) come out to try to pick the remaining bits of meat off the carcass.
It's not to say the claims are invalid, they just usually are filed in bad faith since the shareholders were more than happy to profit off of the alleged frauds right up to the point that the fraud hit their bottom line.
