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Justices to review standing requirements for suits based on misleading securities registration statements

Monday’s arguments in Slack Technologies v. Pirani present a stark contrast between text and policy arguments under the federal securities laws. Although Slack Technologies is pretty simple as securities cases go, a bit of background is useful. In response to the catastrophic stock-market declines
San Francisco United States Justice John Roberts Fiyyaz Pirani Ronald Mann Henry Friendly

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Former SEC Chair Clayton Backs Slack At High Court

The U.S. Supreme Court should throw out an investor lawsuit challenging statements made by Slack Technologies LLC ahead of its New York Stock Exchange debut if it wants to avoid a "radical judicial rewrite" of the laws governing newly public companies, former U.S. Securities and Exchange Commission Chair Jay Clayton said Friday.
Jay Clayton Slack Technologies Exchange Commission York Stock Exchange Us Supreme Court New York Stock Exchange
Source: law360.com

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