1. Which pleading (a document filed with the court—see Chapter 2) was at the center of the dispute in this case?
2. What must this pleading state in a suit alleging violations of Section 10(b) and Rule 10b-5?
3. Did the court conclude that the pleading here met this requirement? Explain.
4. If a pleading does not meet this requirement, should the court impose sanctions on the lawyers who filed it? Discuss.