Felicity brought a lawsuit under Section 11 of the 1933 Act against Mojo Corp.What will Felicity have to prove in order to prevail?

Question

Quizplus · Accepted Answer

In order for Felicity to prevail in a lawsuit under Section 11 of the 1933 Act, she must prove that there was a material misstatement or omission in the registration statement and that she suffered a loss as a result of investing in the security. She does not necessarily need to prove that Mojo was negligent or intentionally trying to deceive investors, only that there were material errors or omissions in the registration statement.

Felicity Brought a Lawsuit Under Section 11 of the 1933