Labels:book | reckoner | sky | tree | windowpane OCR: faith and had no knowledge that such statement was false or misleading U.S.C. 78r {1988 Section 20 of the 1934 Act holds controlling persons iiable. "unless the controlling person acted in poo? fatih and PiP not directly indi irectly induce the act acts constituting the viola- tion or cause action. 78t(a) (1988) Section 20A the 1934 AC mal kes insider trading viola- tions civilly actionable without creating defense based 0n good faith some other mental 78t-1 (1988) Since reckless bchavior is civilly actionable under each of the express remedies, the 1934 Congress would have intended LE analogous state of mind to establish scienter for aiding and abetting 10b-5 viclations. nves tors Funding Corp New York Sec Litig 523 Stpp 533. 542 1980} (recklessness sufficient to prove aiding and abetting ...
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