Carol Gilden Speaks on Supreme Court’s Slack Decision and Investor Implications

July 20, 2023

The Counsel of Institutional Investors (CII) has invited Carol Gilden (Partner, Cohen Milstein Sellers & Toll PLLC) and Professor Joshua Mitts (Columbia Law School) to discuss the Supreme Court’s recent opinion in Slack v. Pirani, holding that plaintiffs asserting claims under Section 11 of the Securities Act of 1933 must trace shares purchased in a direct listing to a registration statement. Ms. Gilden and Professor Mitts will discuss the amicus brief of law and business professors they authored in Slack, arguing that tracing is possible using accounting methods and time-stamped transactional records. They also will examine the Court’s opinion and ultimate decision to remand the case, as well as the impact on current cases and the potential for Securities and Exchange Commission rulemaking. CII General Counsel Jeff Mahoney will moderate.

The CII webinar is on July 20, 2023 and begins at 1:00 p.m. EDT.

For more information or to register, please contact Council of Institutional Investors.