The Private Securities Litigation Reform Act of 1995 requires plaintiffs pleading a Rule 10b-5 violation to state with particularity the facts constituting the alleged misstatement or omission.

Contributed in 2008 & last edited in 2009 by David Gold
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The Private Securities Litigation Reform Act of 1995 requires plaintiffs pleading a Rule 10b-5 violation to state with particularity the facts...
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For purposes of a Rule 10b-5 claim, a fact is material if, had it been disclosed truthfully, it would have significantly altered the total mix of...
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That the alleged fraudulent activity involved a large amount of money does not support a strong inference of scienter on the part of company...