"Ninth Circuit Slack Decision Withstands En Banc Rehearing Petition: Is A Supreme Court Cert Petition Next?" by BLB&G Partners John C. Browne and Lauren Ormsbee

May 4, 2022

On May 2, the U.S. Court for the Ninth Circuit withstood once again a nearly three-year effort to eliminate shareholders’ standing to pursue Securities Act claims in connection with a direct listing initial public offering made by Slack Technologies, Inc. In the article, BLB&G Partners John C. Browne and Lauren Ormsbee examine the implications for investors, and discuss why this latest win for investors' rights may be short lived.

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