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Slack Investor’s Suit Brings Direct Listing Puzzle to High Court
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WebFind and sign in to your Slack workspace. Web14 hours ago · Slack told the court in its opening brief that the Ninth Circuit “justified its departure from settled law based on a perceived policy concern” about undermining the purposes of Section 11. But the panel majority’s view “disrupts the delicate balance Congress struck” and “exposes issuers and others to massive and previously … WebApr 14, 2024 · Slack’s supporters say the ruling, if affirmed, would significantly widen liability for publicly traded companies. But investors and their advocates say the Ninth Circuit was right to point out a giant loophole by which direct listed companies could avoid such accountability — effectively eviscerating protections of the Great Depression-era law. dewalt stainless steel cutting wheel