November 02, 2022
A Slack Technologies investor on Wednesday told the U.S. Supreme Court not to waste its time reviewing a Ninth Circuit decision greenlighting a proposed class action challenging statements made ahead of the communications platform's direct listing, arguing the company has exaggerated the consequences and reach of the decision.
October 05, 2022
The U.S. Chamber of Commerce is among several business groups and one high-profile individual calling on the U.S. Supreme Court to overturn a ruling they say could open the floodgates to further investor litigation against companies like Slack, which went public through a novel process known as a direct listing.
September 07, 2022
Messaging platform Slack is urging the U.S. Supreme Court to weigh in on an investor lawsuit challenging statements made ahead of the company's direct listing, saying a Ninth Circuit ruling in the case threatens to "dramatically expand" the number of shareholder lawsuits filed against newly public companies.