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Business, 19.02.2021 01:00 steven983

One of the elements necessary to recover damages if there has been a material misstatement in a registration statement filed pursuant to the Securities Act of 1933 is that: issuer and plaintiff were in privity of contract with each other. the plaintiff knew the auditor. there was a material false or misleading statement in the financial statements. issuer failed to exercise due care in connection with the sale of the securities.

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