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Under the Securities Act of 1933 (1933 Act), all securities offerings must be registered with the SEC unless there is an exemption. Registering securities is a costly and time-consuming...
In United States v Jindal, the Court found that the DOJ indictment could stand only if it alleged a per se violation of the Sherman Act. The judge concluded that a wage-fixing agreement is simply a form of price-fixing agreement, and is thus illegal per se.
In Pirani v. Slack Technologies, Inc.,1 a divided panel of the U.S. Court of Appeals for the Ninth Circuit held that investors who purchase stock in a direct listing—in which pre-existing shares are sold to the public without underwriters.
On September 20, 2021, in Pirani v. Slack Technologies, Inc., a divided panel of the U.S. Court of Appeals for the Ninth Circuit held that investors who purchase stock in a “direct...
A major U.S. cryptocurrency exchange recently disclosed its receipt of a Wells Notice from the SEC, which threatened charges for violating Section 5 of the Securities Act in connection...