Search
BROWSE SEARCH SPINDOC HELP

That alleged facts are critical to a business's core operations does not support a strong inference that the company's chief officers had knowledge of those facts for purposes of satisfying the scienter pleading standard of the Private Securities Litigation Reform Act of 1995.

Add Comment
Contributed in 2008 & last edited in 2009 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
vouch for authority for rule...
A defendant that has acted within the Unites States or sufficiently caused consequences there may be subjected to federal personal jurisdiction...
vouch for authority for rule...
In the context of a claim under Rule 10b-5, scienter is defined as a mental state embracing intent to deceive, manipulate, or defraud.
vouch for authority for rule...
Fraudulent misappropriation of securities--that is, a breach of fiduciary duty coinciding with a securities transaction--satisfies the "connection"...