The Private Securities Litigation Reform Act of 1995 does not affect the standard for pleading loss causation in a Rule 10b-5 claim.

Contributed in 2008 & last edited in 2008 by David Gold
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Allegations based on unnamed sources of information may support a strong inference of scienter under the Private Securities Litigation Reform Act...
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In order for a misstatement or omission to give rise to liability under Rule 10b-5, it must have been made no later than the time of the purchase...
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A plaintiff cannot establish liability in a claim brought under Rule 10b-5 without showing the materiality of the alleged misstatement or omission.