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Ninth Circuit Permits Direct-Listing to Assert Securities Claims

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.

Securities Litigation Update: Divided Ninth Circuit Permits Direct-Listing Investors to Assert Securities Act Claims, Despite Inability to Differentiate Between Registered and Unregistered Shares | Cadwalader, Wickersham & Taft LLP

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.

Fantastic History with a Revolutionary War Connection in TR

Cemeteries are not a fun subject, but they are one that involves memories, honor, and quite often history. Not to mention the love of the families left behind. In this case, it's a little of everything I just mentioned.

Veterans Parkway loop to drive growth, development in regional hub

Dawley Farms was a cornfield 20 years ago. A couple thousand cars drove down Powder House Road a day, barely giving it a second glance on their way to the newly built Wal-Mart and Menards in 2002. The east-side Target didn t exist yet. The idea of an east-side movie theater was only a dream. Now, Dawley Farms is a bustling retail center in eastern Sioux Falls with more than 10,000 driving through the area each day. Housing developments are popping up all around the area, and there is soon to be more offices and mixed-retail developed right down the road. Lloyd Companies developed Dawley Farms during the past 15 years in anticipation of that growth.

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