Law360: Section 11 Implications Of The Justices’ Slack Decision
June 8, 2023
O’Melveny partner Brittany Rogers authored this article discussing the implications of the US Supreme Court’s unanimous ruling in Slack Technologies LLC v. Fiyyaz Pirani, which reaffirmed a long-held principle underpinning statutory standing in securities litigation. “While every offering is unique, Section 11 litigants should give serious thought to the potential role of tracing in their specific cases, especially in light of the Slack decision,” Rogers wrote. “The decision signals an openness to potentially dispositive tracing arguments where markets and technology have developed beyond what was contemplated by the securities laws.”
Read the full article here.