U.S. Securities and Exchange Commission building in Washington, D.C. January 5, 2019. What Comes Next for Sections 11 and 12(a)(2) After 'Slack'?
In a follow-up to their article published in June, the authors discuss two questions raised but not fully answered in Slack: probabilistic pleading under Section 11 of the 1933 Act and the proper construction of Section 12 of the 1933 Act.
November 08, 2023 at 10:00 AM
7 minute read
Securities Litigation
On June 26, 2023, we discussed the Supreme Court's decision in Slack Technologies, LLC v. Pirani, 143 S. Ct. 1433 (2023), which held that traceability is necessary for statutory standing, an indispensable element of a claim under Section 11 of the Securities Act of 1933.
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