Question: 5 . A typical securities class action complaint contains an allegation such as Directors and officers have failed to fulfill legal duties owed to employees

5. A typical securities class action complaint contains an allegation such as
Directors and officers have failed to fulfill legal duties owed to employees under the Employee Retirement Income Security Act of 1974(ERISA).
Directors and officers have violated state environmental statutes.
Insiders have profitably sold their personal holdings in the companys shares while the share price was artificially inflated.
Directors and officers have used the corporate jet for personal use.

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