Forum
U.S. Supreme Court
Case Status
Docket Number
Term
2022 Term
Lower Court Opinion
Questions Presented
Whether Sections 11 and 12(a)(2) of the Securities Act of 1933 require plaintiffs to plead and prove that they bought shares registered under the registration statement they claim is misleading.
Case Updates
Supreme Court holds that plaintiffs alleging a Section 11 claim under the Securities Act of 1933 must be able to “trace” their securities to the registration statement on which they base their claim
June 01, 2023
Click here to view the opinion.
U.S. Chamber files coalition amicus brief
February 03, 2023
The coalition amicus brief urges the Supreme Court to reverse the Ninth Circuit and hold that plaintiffs alleging a Section 11 claim under the Securities Act of 1933 must be able to “trace” their securities to the registration statement on which they base their claim.
Melissa Arbus Sherry, Andrew B. Clubok, Susan E. Engel, and Brent T. Murphy of Latham & Watkins LLP and the U.S. Chamber’s Litigation Center served as co-counsel for the U.S. Chamber.
Cert. petition granted
December 13, 2022
U.S. Chamber urges Supreme Court to grant certiorari and hold that plaintiffs alleging a Section 11 claim under the Securities Act of 1933 must be able to “trace” their securities to the registration statement on which they base their claim
October 03, 2022
Click here to view the amicus brief filed by the U.S. Chamber and the Securities Industry and Financial Markets Association. Melissa Arbus Sherry of Latham & Watkins LLP and the U.S. Chamber’s Litigation Center served as co-counsel for the U.S. Chamber.
Case Documents
- Lower Court Orders-Opinions -- Slack Technologies, LLC v. Pirani (SCOTUS).pdf
- U.S. Chamber Coalition Amicus Brief -- Slack Technologies, LLC v. Pirani (U.S. Supreme Court).pdf
- U.S. Chamber Coalition Amicus Brief (merits) -- Slack Technologies, LLC v. Pirani (U.S. Supreme Court).pdf
- Opinion -- Slack Technologies, LLC v. Pirani (U.S. Supreme Court)