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Specificity required? »

Yes: A plaintiff in a Rule...

710:false:false:false:false:false:false:false:false:false:!:false:-1:-1

Rule: a rule of law

A plaintiff in a Rule 10b-5 claim must allege loss causation with specificity.

Contributed in 2008 by David Gold

All (2) Cases (2) Statutes, Regs, Rules (0)

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In the context of a claim under Rule 10b-5, scienter is defined as a mental state embracing intent to deceive, manipulate, or defraud.

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In the context of a nondisclosure claim under Rule 10b-5, there is no corporate duty to disclose that it or its employees engaged in uncharged...

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Statements about the future do not become actionable misstatements under Rule 10b-5 merely because they later turned out to have been incorrect.

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