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Defining recklessness »

Extreme departure from ordinary care: For purposes of satisfying...

176:false:false:false:false:false:false:false:false:false:!:false:-1:-1

Rule: a rule of law

For purposes of satisfying the scienter element in a claim brought under Rule 10b-5, recklessness means an extreme departure from the standards of ordinary care, presenting a danger that must have been obvious to the defendant.

Contributed in 2008 by David Gold

All (29) Cases (29) Statutes, Regs, Rules (0)

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