In every 10b-5 situation,the plaintiff must show "reliance" on the misrepresentation and a resulting injury.

Question

Quizplus · Accepted Answer

In a 10b-5 situation, the plaintiff must demonstrate both reliance on the misrepresentation and resulting harm in order to succeed in their lawsuit. Reliance is typically demonstrated by showing that the plaintiff would not have made the investment or taken the action in question without the misrepresentation.

In Every 10b-5 Situation,the Plaintiff Must Show "Reliance" on the Misrepresentation