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SLACK TECHNOLOGIES, LLC v. PIRANI

No. 22-200.

143 S.Ct. 1433 (2023)

598 U.S. 759

SLACK TECHNOLOGIES, LLC, fka Slack Technologies, Inc., et al., Petitioners v. Fiyyaz PIRANI.

Supreme Court of United States.

Decided June 1, 2023.

Attorney(s) appearing for the Case

Thomas G. Hungar , Washington, DC, for Petitioners.

Kevin K. Russell , Bethesda, MD, for Respondent.

Michael D. Celio , Matthew S. Kahn , Michael J. Kahn , Daniel R. Adler , Matt Aidan Getz , Gibson, Dunn & Crutcher LLP, San Francisco, CA, Thomas G. Hungar , Counsel of Record, Jacob T. Spencer , Gibson, Dunn & Crutcher LLP, Washington, DC, for Petitioners.

Lawrence P. Eagel , Bragae Eagel & Squire, P.C., New York, NY, Melissa A. Fortunato , Marion C. Passmore , Bragar Eagel & Squire, P.C., San Francisco, CA, Thomas C. Goldstein , Kevin K. Russell , Counsel of Record, Erica Oleszczuk Evans , Goldstein & Russell, P.C., Bethesda, MD, for Respondent.

This case concerns the meaning of one provision of the federal securities laws. For many years, lower federal courts have held that liability under § 11 of the Securities Act of 1933 attaches only when a buyer can trace the shares he has purchased to a false or misleading registration statement...

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