Elizabeth Cochrane

Hogan Lovells

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Slack v. Pirani: Supreme Court says no Section 11 liability for untraceable shares in direct listing

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, unregistered shares from direct listings. This...more

10/25/2023  /  Direct Listing , SCOTUS , Section 11 , Securities Act of 1933 , Slack , Slack Technologies Inc v Pirani
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