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The majority ruled that the plaintiff could sue under section 11 and 12 a 2 of Securities Claim Act because the shares he had purchased whether registered or unregistered. could not have been acquired without the issuance of the registration statement for the direct listing
A U.S. Supreme Court ruling Thursday may provide some litigation relief to newly public companies like Slack Technologies LLC, but the justices' refusal to address questions surrounding one provision of federal securities law could lead to further showdowns before the high court.
If intent under the federal False Claims Act is a subjective or objective matter. Labor Union case whether the NLRA preempted a state tort claim that union members, by their inaction in delivering concrete contained in company trucks, intentionally destroyed property owned
The U.S. Supreme Court unanimously found Thursday in Slack Technologies v. Pirani that federal securities law requires plaintiffs to prove their shares are directly traceable to misleading information...
On June 1, 2023, the U.S. Supreme Court decided Slack Technologies v. Pirani, No. 22-200, holding that a cause of action arising from § 11(a) of the Securities Act of 1933 for a...