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, including allegations illustrating precisely why the challenged statement is misleading.

Contributed in 2008 & last edited in 2008 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...