Supreme Court: Section 11, Purchasing Registered Securities
Plaintiff purchased his Slack shares on the first day of trading. After Slack’s stock price dropped, plaintiff filed a Section 11 claim alleging that Slack’s registration statement was materially misleading. SCOTUS confirms enforcing Section 11 tracing requirement
United States States Gorsuch United States District Court Slack Technologies Inc Supreme Court Slack Technologies
Source: natlawreview.com