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On April 17, 2023, the Supreme Court held oral argument in Slack Techs. LLC v. Pirani-a case regarding standing under Sections 11 and 12(a)(2) of the Securities Act of 1933 (the "'33 Act").
Monday’s arguments in Slack Technologies v. Pirani suggest a court leaning toward a split decision, rejecting liability under only one of the two securities-law statutes at issue in the case. Slack Technologies asks the court to apply two provisions of the Securities Act of 1933 to a relatively ne
U.S. Supreme Court justices on Monday weighed a bid by Salesforce Inc s Slack Technologies to avoid a lawsuit over its 2019 direct listing in a case that could undermine the ability of shareholders