High Court Previews Possible Path To Direct Listing Suits
By Jessica Corso ( April 17, 2023, 9:39 PM EDT) -- A couple of conservative U.S. Supreme Court justices expressed discomfort Monday with handing messaging app Slack a total victory in a shareholder suit over disclosures it made ahead of its listing on the New York Stock Exchange, signaling a possible way forward for investors seeking to sue companies that go public via a so-called direct listing. ...
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