Fraud tougher to prove

Souza, Christa Hardie
June 1997
Electronic News;06/16/97, Vol. 43 Issue 2172, p1
Trade Publication
Reports on the dismissal of the class action suit file against Silicon Graphics Inc. after judge Fern Smith ruled that plaitiffs failed to prove insider trading based on interpretation of the legal standard, scienter, as `intentional misconduct' or `deliberate recklessness.' Implications for the interpretation of the 1995 Private Securities Litigation Reform Act; Background on the case.


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