Labels:book | reckoner | windowpane OCR: While the common law remedies for securitics fraud cannot be strictly followed, the parameters 10{b} must account for any diffcrences See Basic inc Levin- sOn 485 U.S. 224, 243-44 1988 see aiso Basic Inc., 485 U.S 253 (White disscnting) (the common "guidepost' for interprcting 10{b}} Petit tioner and supporting amici are quick to point out that the federal securities laws arc "light years away from their common law antecedents: for precisely that reason, however should also be bcyond doubt that the 1934 Congress not have intended its catchall anti- -fraud provision to bo light years fes5 effectual curbing fraud thar the common Iaw Were victims of unlawful sceurities schemes to be routinely burdencd with the task of proving specific fraudulent intent 1n conplex transactions often involy- re ...
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