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As expected, Thursday’s decision in Slack Technologies v. Pirani rejected a lower-court ruling that had substantially broadened liability for publicly traded companies under Section 11 of the Securities Act of 1933. That provision imposes liability for false or misleading material in a statement reg
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The Supreme Court handed a partial victory to Salesforce in a case surrounding its communications product Slack Technologies by limiting the ability of shareholders to sue over misleading statements.
The U.S. Supreme Court held that purchasers of shares sold to the public through a direct listing cannot sue under Section 11 of the Securities Act of 1933 unless they can trace their...
The Supreme Court ruled in favor of a Big Tech company on June 1, issuing a unanimous ruling ...