The Proof of "Scienter" Is Required in Private Damage Actions

question 25

True/False

The proof of "scienter" is required in private damage actions under Rule 10b-5.

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Definitions:

FireWire

A high-speed serial bus interface standard for connecting digital devices, especially audio and video equipment, to a computer, allowing for rapid data transfer.

IEEE 1394

An interface standard for a serial bus for high-speed communications and isochronous real-time data transfer, commonly referred to as FireWire.

RJ-45

A type of connector used on Ethernet network cards and ports. Used to connect a device to the wired network.

RJ-11

A type of connector used with analog modems and traditional phone jacks.