Slack Decision Adds Urgency For Finalized SPAC Rules

By Douglas Paul, Ildefonso Mas and Craig Coben (July 7, 2023, 5:42 PM EDT) -- On June 1, the U.S. Supreme Court in Slack Technologies LLC v. Fiyyaz Pirani clarified liability exposure under Section 11 of the Securities Act involving direct listings, but may have created new uncertainty around issuer liability for business combinations involving special-purpose acquisition companies....

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