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Supreme Court: Section 11, Purchasing Registered Securities

Published: June 8, 2023

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

Source: natlawreview.com

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United StatesStates GorsuchUnited States District CourtSlack Technologies IncSupreme CourtSlack TechnologiesUnited States CourtYork Stock ExchangeSecurities ActNinth CircuitNew York Stock ExchangeNorthern DistrictIraniv Slack TechnologiesSection 11Supreme CourtNinth CircuitUrchasing SecuritiesEgistered Vs Unregistered SecuritiesEction 11 Of The Securities Act 1933Direct ListingsPublic TradingBlack Securities