Abstract
CASE AT A GLANCE The Court will consider statutory standing to assert claims under Sections 11 and 12(a)(2) of the Securities Act of 1933 for alleged misrepresentations in a registration statement and the prospectus contained therein. This case raises this issue in a new factual scenario--a direct listing where registered and unregistered securities were offered to the public simultaneously--but the impacts of the Court's ruling will potentially extend to traditionally underwritten public offerings of securities.