Silicon Valley securities litigators file amicus petition urging Ninth Circuit to grant en banc reconsideration in Slack direct listing lawsuit
Nov 16 2021
A three-judge panel of the Ninth Circuit Court of Appeals held in September that strict liability for false or misleading statements extends beyond the shares registered in the offering, including to shares exempt under Rule 144. Citing three fundamental flaws in the panel’s ruling, Freshfields securities litigators here.
ENDS