To be successful in a civil action under Section 11 of the Securities Act of 1933 concerning liability for a misleading registration statement, the plaintiff must prove:

Question

Quizplus · Accepted Answer

Under Section 11 of the Securities Act of 1933, the plaintiff does not need to prove reliance on the registration statement or the defendant's intent to deceive. The focus is on whether the registration statement contained an untrue statement of a material fact or omitted to state a material fact required to be stated or necessary to make the statements therein not misleading.

To Be Successful in a Civil Action Under Section 11