Securities
Mar. 13, 2023
Supreme Court to consider relaxing barrier to securities suits
Next month, the Supreme Court will consider whether a direct listing on an exchange eliminates the need for a claim under the Securities Act of 1933 to prove that the plaintiff bought stock issued pursuant to the registration statement that allegedly contained misrepresentations.
Jared L. Kopel
Senior Counsel
Alto Litigation PC
Email: jared@altolit.com
Alto Litigation PC, a San Francisco litigation firm specializing in securities, intellectual property and commercial litigation. Mr. Kopel's practice includes shareholder litigation and the defense of Government investigations.
In a case that could significantly relax the barriers to private securities lawsuits against companies going public, the Supreme Court next month will consider whether a direct listing on an exchange eliminates the need for a claim under the Securities Act of 1933 to prove that the plaintiff bought stock issued pursuant to the registration statement that allegedly contained misrepresentations. The Court, in oral argument set for April 17, will hear an appeal from a N...
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