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Standing requirements for private plaintiffs bringing Rule 10b-5 claims.
1 Comment
Contributed in 2008 by David Gold
Law
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Commerce, labor, particular activities & industries
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Securities
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Liability & enforcement
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Fraud claims
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SEC Rule 10b-5
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Substance
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Liability
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Primary
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Standing for private plaintiffs: Standing requirements...

A defendant can not be held liable in a under Rule 10b-5 unless the plaintiff relied on the defendant's misstatement or omission.
The lead plaintiff bringing a class action asserting a Rule 10b-5 claim must have standing independent of the standing of other class members.
To satisfy the scienter element in a claim brought under Rule 10b-5, the plaintiff must show that the speaker acted with intent or a high degree of...