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Supreme Court’s Slack Ruling Could Curb ‘Direct Listings’ IPO Alternative
Jimmy Hoover
Messaging company Slack Technologies scored a unanimous victory in the U.S. Supreme Court last month, which held that an investor suing over a company stock offering must show he held “registered” securities in the company.
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New York Federal District Court Dismisses Investor Lawsuit Over Tencent Music IPO
Stan Soocher
In December 2018, China-based titan Tencent Music Entertainment launched a U.S. initial public offering (IPO). But the IPO resulted in an investor’s class action suit alleging TME violated federal securities laws. This is part of a trend of increasing such securities suits against foreign companies, though the U.S.
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