Mealey's (June 1, 2023, 11:24 AM EDT) -- WASHINGTON, D.C. — Section 11 of the Securities Act of 1933 “requires a plaintiff to plead and prove that he purchased shares traceable to the allegedly defective registration statement,” a unanimous U.S. Supreme Court ruled June 1 in a putative class case over a technology company’s direct listing of shares and allegedly misleading registration statement, vacating a Ninth Circuit U.S. Court of Appeals’ judgment and remanding for the court to consider that issue in the first instance....