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The bespeaks caution doctrine does not protect a defendant who warned of a risk of an event that the defendant knew would occur.
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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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Types of claims (by types of wrongs)
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Misstatement/omission claims (10b-5(b))
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Elements
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Individual elements
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Material Misstatement or Omission
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Materiality
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What is material?
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Statements about future
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Language that "bespeaks caution" may negate materiality
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Not if bad result certain: The bespeaks caution...

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...
Fairness determinations are opinions for purposes of the misstatement/omission element of a Rule 10b-5 claim.
Allegations of insider trading, although not enough to satisfy the the "strong inference" requirement of the scienter pleading standard of the...