Month: June 2023

SCOTUS decides Slack in direct listings, tracing required for 11 standing

On Thursday, June 1, SCOTUS decided Slack Technologies v. Pirani in a unanimous opinion by Justice Gorsuch holding that, even in a registration by direct listing, Â§11(a) liability extends only to shares that are traceable to an allegedly defective registration statement. As you know, Â§11 provides statutory standing to sue […]

Cooley / June 7, 2023

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Month: June 2023

SCOTUS decides Slack in direct listings, tracing required for 11 standing