In order for a misstatement or omission to give rise to liability under Rule 10b-5, it must have been made no later than the time of the purchase or sale.

Contributed in 2008 & last edited in 2008 by David Gold
You've come to a rule . Check out the authorities below. When you find one you like, add it to your SpinDoc. more...
Please sign in or sign up to see the authorities.
Contribution Suggestions
complete authority for rule...
Conclusory allegations that a speaker's stated opinion conflicted with the speaker's hidden belief will not satisfy the pleading requirements for...
complete authority for rule...
The requirement of the Private Securities Litigation Reform Act of 1995 that, as to each allegation of a misstatement or omission that is based on...
vouch for authority for rule...
In a 10b-5 action, in order to establish a rebuttable presumption of reliance using a fraud on the market theory, plaintiff must prove (1)...