Question: What must a plaintiff assert in a Section 11 claim under the Securities Act of 1933 to properly allege an opinion statement is materially misleading?

What must a plaintiff assert in a Section 11 claim under the Securities Act of 1933 to properly allege an “opinion” statement is materially misleading? When might certain financial statement items constitute “opinions”?

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To establish a due diligence defense under Section 11 the defendant must prove that a reasonable investigation of the financial statements of the issuer and controlling persons was conducted As a resu... View full answer

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