A defendant using the due diligence defense against a Section 11 violation must show all of the following EXCEPT:

Question

Quizplus · Accepted Answer

The defendant using the due diligence defense against a Section 11 violation must show that they conducted a reasonable investigation, reasonably believed that the statements made were true, and reasonably believed that there were no omissions that made any statements misleading. However, using experts' reports that had not been prepared for registration statements is not a requirement for the due diligence defense.

A Defendant Using the Due Diligence Defense Against a Section