The defenses of due diligence under Section 11 of the Securities Act of 1933 is not available to the issuing company.

Question

Quizplus · Accepted Answer

The defenses of due diligence under Section 11 of the Securities Act of 1933 are available to certain parties involved in the issuance of securities, such as underwriters and experts, but not to the issuing company itself. The issuing company is strictly liable for any misleading statements or omissions in the registration statement.

The Defenses of Due Diligence Under Section 11 of the Securities