# kaal:claim:2811718-022

**Claim.** Defendants owe a duty to use reasonable care in conducting financial due diligence consistent with the standards of care in the profession.

**Type.** condition  **Support.** evidenced

**Holds when.**

- negligence claims
- Baker v. Goldman Sachs

**Source quote.**

> Defendants have "a duty to use reasonable care in conducting financial due diligence consistent with standards of care in the profession.

**From.** Wulf A. Kaal, *Private Fund Investor Due Diligence – Evidence from 1995 to 2015* (2016), III.B.1. Legal Standards, page 34

**Cite as.** Wulf A. Kaal, Private Fund Investor Due Diligence – Evidence from 1995 to 2015 (2016). SSRN: https://ssrn.com/abstract=2811718

**Verify.** sha256 of source PDF `b52152af561288173840a1cabbcf8f4b337e73507c856ee01600799073f4156f` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20-%202016%20-%20Private%20Fund%20Investor%20Due%20Diligence%20%E2%80%93%20Evidence%20from%201995%20to%202015.pdf

**Topics.** corporate-governance, education-and-practice, law-and-legal-systems

**Keywords.** duty-of-care, negligence, professional-standards, legal-standards

**Canonical form.** This markdown file is the canonical hashed representation of the claim. Its sha256 is the content hash used for attestation.