A plaintiff may not satisfy the strong inference of scienter requirment of the pleading standard of the Private Securities Litigation Reform Act of 1995 merely by alleging facts establishing that a defendant had the motive and opportunity to commit securities fraud, although allegations of motive and opportunity may be relevant to the analysis and may occasionally rise to the level of creating a strong inference

Contributed in 2008 & last edited in 2008 by David Gold
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In assessing reliance it is relevant whether the defendant's deception made the fraud necessary or inevitable
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Only conduct prohibited by Section 10(b) of the Securities Exchange Act of 1934 is prohibited by SEC Rule 10b-5 promulgated thereunder.
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The Private Securities Litigation Reform Act of 1995 requires plaintiffs pleading a Rule 10b-5 violation to allege each purportedly misleading...