News
Silicon Valley securities litigators file amicus petition urging Ninth Circuit to grant en banc reconsideration in Slack direct listing lawsuit
A three-judge panel of the Ninth Circuit Court of Appeals held in September that strict liability for false or misleading statements extends beyond the shares registered in the offering, including to shares exempt under Rule 144. Citing three fundamental flaws in the panel’s ruling, Freshfields securities litigators Boris Feldman, Doru Gavril, Drew Liming and Abigail West have filed an amicus petition on behalf of former SEC Commissioner and Stanford Law School Professor Joseph Grundfest urging the Ninth Circuit to grant en banc reconsideration.
Read the petition here.
ENDS
About Freshfields Bruckhaus Deringer LLP
Freshfields Bruckhaus Deringer LLP is a global elite law firm with a long-standing track record of successfully supporting the world's leading national and multinational corporations, financial institutions and governments on groundbreaking and business-critical mandates. Our 2,800-plus lawyers deliver results worldwide through our own offices and alongside leading local firms. Our commitment, local and multinational expertise, and business know-how means our clients rely on us when it matters most.
Freshfields is ranked by Chambers Global in Band 1 across the six areas of antitrust, corporate/M&A, litigation, international arbitration, tax, and public international law. For more information visit Freshfields.us.
This material is for general information only and is not intended to provide legal advice. Prior results do not guarantee a similar outcome.