Bianca Dibella

Bianca Dibella

November 29, 2021 | The Legal Intelligencer

Divided Ninth Circ. Opens Floodgates for Direct Listing Investors to Assert Section 11 Claim

In deciding that an investor purchasing through a direct listing could establish standing under Section 11, the Ninth Circuit departs from past precedent and abandons the previously strict tracing requirement courts have historically interpreted under Section 11.

By Robert L. Hickok, Jay A. Dubow and Bianca DiBella

7 minute read