Out-Of-State Defendants Can Be Served Through Long-Arm Laws If They

question 5

True/False

Out-of-state defendants can be served through long-arm laws if they have sufficient contacts with the plaintiff.

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Definitions:

Defective Registration Statement

A legal document filed with the SEC that contains inaccurate, misleading, or incomplete information about securities being offered for public sale.

Section 11

refers to a specific part or provision within a document, agreement, or law that outlines rights, responsibilities, or regulations.

Securities Act of 1933

The Securities Act of 1933 is a U.S. law enacted to regulate the sale of securities, aimed at providing investors with transparent financial information.

Scienter

A legal term referring to the knowledge or intent to deceive, defraud, or manipulate in violation of the law.