(Reuters) – The U.S. Supreme Court on Tuesday agreed to hear a bid by Slack Technologies Inc, part of Salesforce Inc, to avoid a lawsuit accusing the workplace communication software company of misstatements in its 2019 direct listing – an alternative to an initial public offering.
The justices took up San Francisco-based Slack’s appeal of a lower court’s ruling last year that an investor named Fiyyaz Pirani can pursue a class action lawsuit against the company and its executives without proving that the shares he bought in Slack’s direct listing were registered, rather than unregistered.
(Reporting by Jody Godoy in New York; Editing by Will Dunham and Mark Porter)
