V-1.1 - Securities Act

Full text
225.13. For the purposes of sections 225.8 to 225.10, unless the defendant is an expert or the misrepresentation was contained in a core document, the plaintiff must prove that the defendant
(1)  knew, at the time that the document was released or the public oral statement was made, that the document or public oral statement contained a misrepresentation or deliberately avoided acquiring such knowledge at or before that time; or
(2)  was guilty of a gross fault in connection with the release of the document or the making of the public oral statement.
2007, c. 15, s. 11.