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Pleading Scienter Under Section 21D(b)(2) of the Securities Exchange Act of 1934: Motive, Opportunity, Recklessness, and the Private Securities Litigation Reform Act of 1995
San Diego Law Review (1996)
  • William S. Lerach
  • Eric Alan Isaacson
Abstract
Argues that the Private Securities Litigation Reform Act of 1995 adopted a uniform national pleading standard for federal securities-fraud claims based on Ninth Circuit precedent on pleading falsity and on Second Circuit precedent on pleading facts giving rise to a strong inference of scienter.
Keywords
  • scienter,
  • PSLRA,
  • securities fraud,
  • securities litigation,
  • strong inference of scienter,
  • Rule 10b-5,
  • Private Securities Litigation Reform Act,
  • Securities Exchange Act of 1934
Disciplines
Publication Date
Summer 1996
Citation Information
William S. Lerach & Eric Alan Isaacson, Pleading Scienter Under Section 21D(b)(2) of the Securities Exchange Act of 1934: Motive, Opportunity, Recklessness and the Private Securities Litigation Reform Act of 1995, 33 San Diego Law Review 893 (1996)
Creative Commons license
Creative Commons License
This work is licensed under a Creative Commons CC_BY International License.