Bradley Wendt published an article entitled “The Municipal Bankruptcy Crisis: Lessons from Detroit,” which appeared in The Bond Buyer. The article discusses the lessons Detroit presents as a large municipal bankruptcy with respect to the municipal bond market.
Section 11 damages computation for direct listings
In September 2021, the Ninth Circuit ruled in Pirani v. Slack Technologies, Inc.[1] (Slack) that Section 11 liability applies to direct listing shares. This...