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 "text": "Funds that promise due diligence with no intention of actually carrying it out violate federal securities laws rather than merely breaching a contract.",
 "author": {
  "@type": "Person",
  "name": "Wulf A. Kaal",
  "identifier": "https://orcid.org/0009-0008-7840-1847"
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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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  "name": "Private Fund Investor Due Diligence – Evidence from 1995 to 2015",
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 "abstract": "but it has been held that funds that promise due diligence and yet have no intention of actually carrying it out are violating federal securities laws rather than breaching basic contracts.",
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