Susan Hurd is quoted on the case law for direct listings at issue in Slack Technologies LLC v. Pirani before the U.S. Supreme Court.
In the News
April 14, 2023
Bloomberg | Slack Investor’s Suit Brings Direct Listing Puzzle to High Court
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In the News April 17, 2023Bloomberg | Justices Surprise Lawyers with Tack on Slack Direct ListingSusan Hurd is quoted on the direction of oral arguments for Slack Technologies LLC v. Pirani before the U.S. Supreme Court.
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Advisories June 8, 2023Securities Litigation Advisory: The Supreme Court Maintains Limitations on 1933 Act Claims for Direct ListingsOur Securities Litigation Group reviews the Supreme Court’s Slack opinion that upheld decades of case law requiring a narrow reading of Section 11 of the 1933 Act.
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In the News June 1, 2023Law360 | High Court May Not Be Done with Slack YetSusan Hurd is quoted on how the Ninth Circuit may rule on the Slack Technologies LLC v. Pirani case on remand from the U.S. Supreme Court.
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January 27, 2023“High Court Slack Case Not Likely to Broadly Affect Issuers,” Law360, January 27, 2023.This article analyzes the most recent appeal heard by the U.S. Supreme Court involving federal securities laws, Slack Technologies v. Pirani, which deals with the question of whether companies face potential liability under the 1933 Act for shares made available to the public via a direct listing.
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In the News April 13, 2023Law360 | Investors Fear Slack’s High Court Case Will ‘Gut’ ProtectionsSusan Hurd is quoted on the possibility that the U.S. Supreme Court may touch on traditional IPOs in the Slack Technologies LLC v. Pirani case.