U.S. Supreme Court courtroom. Credit: Carol M. Highsmith/Library of Congress Supreme Court Rejects Shareholder Lawsuits by Investors Without Registered Securities
Unanimous decision could make a novel stock offering known as a "direct listing" even more enticing for tech companies.
June 01, 2023 at 12:39 PM
6 minute read
Messaging company Slack Technologies scored a unanimous victory in the U.S. Supreme Court on Thursday, which held that an investor suing over a company stock offering must show he held "registered" securities in the company.
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