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Whether a plaintiff seeking to use allegations of insider trading as support for a strong inference of scienter as required by the Private Securities Litigation Reform Act of 1995 must plead facts showing the trader's typical trading practices prior to the fraud in order to demonstrate that the later trading was unusual or suspicious.

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Contributed in 2008 & last edited in 2009 by David Gold
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In a Rule 10b-5 action, the discovery period begins to run only when the plaintiff has actual notice of the alleged fraud.
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A plaintiff can establish the presumption of reliance on the basis of a limited factual showing.
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Privity between the plaintiff and the defendant is not an element of a Rule 10b-5 claim.