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Why Slack Decision Struck A Nerve With Corporate America

This week's petition to rehear Pirani v. Slack en banc signals corporate interest groups' alarm over the Ninth Circuit's ruling, which upheld investors' standing to pursue claims in connection to direct listing initial public offerings, carrying significant impacts for investor rights and the scope of the Securities Act, say John Browne and Lauren Ormsbee at Bernstein Litowitz.
John Browne Lauren Ormsbee Exchange Commission Us Court Slack Technologies Inc Ninth Circuit
Source: law360.com

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