The SEC Pleading Standard For Scienter
Law360 ( September 10, 2009, 1:30 PM EDT) -- More than 30 years ago the U.S. Supreme Court held that a private litigant must sufficiently plead scienter to make out a claim under the antifraud provisions of Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder.[1] Allegations of negligence would not suffice....
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