There Can Be No Private Action for Damages Under Rule

question 34

True/False

There can be no private action for damages under Rule 10b-5 in the absence of a charge that the defendant accountant intended to deceive, manipulate, or defraud.

---

Definitions:

Paul Lawrence

An identifiable individual but without a specific definition without context, likely refers to a person of note in a specific field.

Organisational System

A structured arrangement of processes, resources, and people designed to achieve the objectives of an organization in an efficient manner.

Subsystem

A component of a larger system that performs a specific role or function within the overall operation, contributing to the system's efficiency and effectiveness.

Work Unit

A functional division or team within an organization that focuses on specific tasks or objectives, often denoted by departmental or project-based assignments.