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Thursday, March 28, 2024 | Back issues
Courthouse News Service Courthouse News Service

Suing Slack

Shareholders sued Slack Technologies in a class action, claiming it made misrepresentations in its IPO announcement and registration, and the share price fell from $38.50 on opening day of June 20 to less than $26 today — a loss of $1.48 billion in market cap, in San Mateo County Court.

REDWOOD CITY, Calif. — Shareholders sued Slack Technologies in a class action, claiming it made misrepresentations in its IPO announcement and registration, and the share price fell from $38.50 on opening day of June 20 to less than $26 today — a loss of $1.48 billion in market cap, in San Mateo County Court.

Categories / Securities, Technology

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