Bragar Eagel & Squire, P.C., successfully defeats Defendants' motion to dismiss the complaint in the investor lawsuit against Slack Technologies, Inc.

Bragar Eagel & Squire, P.C., announces that the United States District Court for the Northern District of California denied in part Defendants motion to dismiss claims against Slack Technologies, Inc.  The court found that Slack investors had standing to assert claims under Sections 11 and 12(a)(2) of the Securities Act of 1933 alleging that Slack filed a false and misleading registration statement and prospectus in connection with its direct offering of stock to the public.  In a direct offering, unlike an initial public offering, the company registers certain shares of stock that become available for sale to the public by insiders and early investors at the same time that unregistered shares of stock become available for sale to the public pursuant to exemptions from registration.

Bragar Eagel & Squire, P.C., is a boutique litigation law firm that focuses on securities litigation and corporate governance litigation. Our attorneys prosecute complex financial matters in federal and state courts throughout the country.

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