{
 "@context": "https://schema.org",
 "@type": "Claim",
 "@id": "https://wulfkaal.github.io/claims/1664809-017",
 "identifier": "kaal:claim:1664809-017",
 "text": "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.",
 "author": {
  "@type": "Person",
  "name": "Wulf A. Kaal",
  "identifier": "https://orcid.org/0009-0008-7840-1847"
 },
 "citation": "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",
 "isBasedOn": {
  "@type": "ScholarlyArticle",
  "name": "Extraterritorial Application of US Securities Law – Will the US Become the Default Jurisdiction for",
  "datePublished": "2010",
  "url": "https://ssrn.com/abstract=1664809",
  "sha256": "2d5c8c30f969f8eb613bfa1fe6888a7cfa1a452e1027bcda0489618ceac62c20",
  "encoding": "https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Painter%20and%20Kaal%20-%202010%20-%20Extraterritorial%20Application%20of%20US%20Securities%20Law%20%E2%80%93%20Will%20the%20US%20Become%20the%20Default%20Jurisdiction%20for.pdf"
 },
 "keywords": [
  "economics"
 ],
 "about": [
  "fraud-on-the-market",
  "reliance",
  "class-actions",
  "comparative-law",
  "rule-10b-5"
 ],
 "abstract": "theory' rather than requiring plaintiffs to prove actual reliance on",
 "additionalProperty": [
  {
   "@type": "PropertyValue",
   "name": "claim_type",
   "value": "definitional"
  },
  {
   "@type": "PropertyValue",
   "name": "confidence",
   "value": "evidenced"
  },
  {
   "@type": "PropertyValue",
   "name": "scope_conditions",
   "value": [
    "US securities class actions under section 10(b) and Rule 10b-5"
   ]
  },
  {
   "@type": "PropertyValue",
   "name": "is_failure_mode",
   "value": false
  },
  {
   "@type": "PropertyValue",
   "name": "attestations",
   "value": "https://wulfkaal.github.io/colloquium/attestations/9b1adb2d114cbd5c0b4a554e3210a7572e85d324d3da60571708532da9324da3.json"
  },
  {
   "@type": "PropertyValue",
   "name": "edges",
   "value": [
    {
     "rel": "generalizes",
     "to": "https://wulfkaal.github.io/claims/2029983-018",
     "to_id": "kaal:claim:2029983-018",
     "similarity": 0.545
    },
    {
     "rel": "extended_by",
     "to": "https://wulfkaal.github.io/claims/2029983-013",
     "to_id": "kaal:claim:2029983-013",
     "similarity": 0.432
    },
    {
     "rel": "extended_by",
     "to": "https://wulfkaal.github.io/claims/2029983-017",
     "to_id": "kaal:claim:2029983-017",
     "similarity": 0.314
    }
   ]
  }
 ],
 "isPartOf": {
  "@id": "https://wulfkaal.github.io/claims/index.json"
 },
 "dateModified": "2026-07-27",
 "version": "1.0",
 "sha256": "9b1adb2d114cbd5c0b4a554e3210a7572e85d324d3da60571708532da9324da3",
 "canonicalForm": "https://wulfkaal.github.io/claims/1664809-017.md"
}