The Supreme Court will soon consider whether a direct listing on an exchange eliminates the need for a claim under the Securities Act of 1933 to prove that the plaintiff bought stock issued pursuant to the registration statement that allegedly contained misrepresentations. The case, Slack Technologies, LLC v. Pirani, is significant given that the Court’s decisions could relax the barriers to private securities lawsuits against companies going public.

Jared Kopel, a senior counsel at Alto Litigation, recently wrote an article in the Daily Journal breaking down what’s at stake and the key issues the Court will be considering in the Slack Technologies case. Click here to access the article (subscription required).

For more information regarding securities litigation, please contact one of Alto Litigation’s partners Bahram Seyedin-Noor, Bryan Ketroser or Joshua Korr, or senior counsel Jared Kopel.

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