The common defense available in a "Section 11" action under the Securities Act of 1933 is:

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The "due diligence" defense is the most common defense available in a "Section 11" action under the Securities Act of 1933. This defense allows the defendant to argue that they acted with a level of care and investigation that a reasonable person would have taken under the circumstances, and that they had no reason to believe there was any false or misleading information in the securities registration statement.

The Common Defense Available in a "Section 11" Action Under