On June 1, 2023, the United States Supreme Court issued a unanimous decision in Slack Technologies v. Pirani. Slack Techs., LLC v. Pirani, No. 22-200, 2023 U.S. LEXIS 2301 . Slack held that Section 11.
In Slack Technologies, LLC v. Pirani, 598 U.S. (2023), the Supreme Court declined to redefine the term “such security” in the Securities Act of 1933 to encompass untraceable,.
In the second quarter of the year, the U.S. Supreme Court handed down two decisions with far-reaching implications for investors and companies alike. The Supreme Court also agreed to hear, in Fall.