kaal:claim:1664809-017

In US securities class actions plaintiffs may proceed on the fraud on the market theory rather than proving actual reliance on misleading statements, an approach that has been rejected in most other countries.

theory' rather than requiring plaintiffs to prove actual reliance on

Richard W. Painter, Wulf A. Kaal, Extraterritorial Application of US Securities Law – Will the US Become the Default Jurisdiction for (2010), 4.1. European Jurisdictions and European Companies, p. 4
https://ssrn.com/abstract=1664809 · source PDF

Richard W. Painter, Wulf A. Kaal, Extraterritorial Application of US Securities Law – Will the US Become the Default Jurisdiction for (2010). SSRN: https://ssrn.com/abstract=1664809

• US securities class actions under section 10(b) and Rule 10b-5

definitionalsupport: evidencedeconomics

• generalizes kaal:claim:2029983-018 Despite signs of movement in that direction, there is as yet no genuine European substitute for the U.S. secur...
• extended_by kaal:claim:2029983-013 Because Section 929P did not restore private rights of action, the most powerful weapon in plaintiffs' arsenal...
• extended_by kaal:claim:2029983-017 The requirement that each plaintiff show individual reliance, followed in most jurisdictions outside the Unite...

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