Securities Class Action Litigation Review: Ninth Circuit Opens Floodgates for Direct Listing Investors to Assert Section 11 Claim
Expired
Program Number
3229
Program Date
2022-02-23
CLE Credits
1
This program discusses the Ninth Circuit’s latest decision in Pirani v. Slack Technologies, 13 F.4th 940 (9th Cir. 2021) that an investor purchasing through a direct listing could establish standing under Section 11, departing from past precedent and abandoning the previously strict tracing requirement courts have historically interpreted under Section 11.
In this program, we will discuss Section 11 securities liability exposure for companies going public by direct listing versus by IPO and the implications of this decision on securities class action litigation.
Available in States
- California
- Colorado
- Georgia
- New Jersey
- New York
- Texas Self Study
Program Categories
- Business Organizations & Contracts
- Corporate and Securities Law
- Federal Courts
- Litigation & Litigation Skills
- Litigation and Appeals
- Securities & Investing
- Taxation Law
PROGRAM CREDITS
- Areas of Professional Practice : 1 Credit
