In the United States, a registration statement is a set of documents, including a prospectus, which a company must file with the U.S. Securities and Exchange Commission before it proceeds with a

public offering A public offering is the offering of securities of a company or a similar corporation to the public. Generally, the securities are to be publicly listed. In most jurisdictions, a public offering requires the issuing company to publish a prospectu ...

. As of May 2022, the

United States Supreme Court The Supreme Court of the United States (SCOTUS) is the highest court in the federal judiciary of the United States. It has ultimate appellate jurisdiction over all U.S. federal court cases, and over state court cases that turn on question ...

was considering the case of '' Slack Technologies, LLC v. Pirani'', No. 22-200, 598 U.S. ___ (2023), with regard to whether Sections 11 and 12(a)(2) of the

Securities Act of 1933 The Securities Act of 1933, also known as the 1933 Act, the Securities Act, the Truth in Securities Act, the Federal Securities Act, and the '33 Act, was enacted by the United States Congress on May 27, 1933, during the Great Depression and afte ...

require plaintiffs to plead and prove that they acquired shares of stock registered under and traceable to the registration statement they claim was misleading.

References

U.S. Securities and Exchange Commission {{finance-stub

See also

References