Ryan T Ward

Ryan T Ward

June 30, 2023 | New York Law Journal

High Court Confirms Strict 'Tracing' Requirement of Section 11 of the Securities Act

While the court's decision in Slack confirmed an important limitation on Section 11 litigation, it left the door open to a potential expansion of liability in connection with the Securities Act's registration requirements under Section 12(a)(2) in the future.

By James J. Beha II, John B. Lawrence and Ryan T. Ward

12 minute read