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 "text": "Failing to check publicly available documentation on an investment is irresponsible but insufficient to plead fraudulent intent, and failing to perform due diligence commensurate with industry standards is inadequate to plead scienter.",
 "author": {
  "@type": "Person",
  "name": "Wulf A. Kaal",
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 "citation": "Wulf A. Kaal, Private Fund Investor Due Diligence – Evidence from 1995 to 2015 (2016). SSRN: https://ssrn.com/abstract=2811718",
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 "abstract": "While irresponsible, the lack of checking public documentation on an investment is insufficient to plead fraudulent intent,102 and \"[failing] to perform due diligence commensurate with industry standards is inadequate to plead scienter.",
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