kaal:claim:2811718-029

Claims in which investors use hindsight to second guess due diligence practices often fail, even when the manager was clearly incompetent.

Source quote, verbatim

Claims that involve investors using hindsight to second guess the due diligence practice often fail (even in the face of clearly incompetent management), as seen in South Cherry Street,

From

Wulf A. Kaal, Private Fund Investor Due Diligence – Evidence from 1995 to 2015 (2016), III.B.3. Impact of the Madoff Ponzi Scheme, p. 46
https://ssrn.com/abstract=2811718 · source PDF

Cite as

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

Holds when

securities fraud claims
South Cherry Street

Classification

failuresupport: evidencedfailure: hindsight second guessing failsfamily: investor-protection-gapsecurities-lawlaw-and-legal-systems

Verify

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