Federal Update Volume VI, Issue 22

Federal Real Property and Business Litigation Report

Volume VI, Issue 22

June 3, 2023

Manuel Farach


Slack Technologies, LLC v. Pirani, Case No. 22–200 (2023).

A claimant must purchase the security in question in order to state a §11a Securities Act of 1933 claim of a materially misleading registration statement.


In Re: Purdue Pharma L.P., Case NOS. 22-110-bk (L), 22-113-bk, 22-115-bk, 22-116-bk, 22-117-bk, 22-119-bk, 10 22-121-bk, 22-299-bk, and 22-203-bk 11 (2nd Cir. 2023).

Bankruptcy Code 11 U.S.C. §§ 105(a) and 1123(b)(6) provide a bankruptcy court authority to approve a plan that includes nonconsensual releases of third-party claims against non-debtors.


Connelly v. IRS, Case No. 21-3683 (8th Cir. 2023).

Unless it meets certain conditions, a buy-sell agreement is not determinative of a business entity’s value for tax purposes.


2020-05-30 In re Purdue Pharma
2023-06-02 Connelly v. IRS
2023-06-01 Slack Technologis v. Pirani


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