
Pleading Scienter in Securities Class Action Lawsuits
Introduction Pleading Scienter in Securities Class Action Lawsuits: The Private Securities Litigation Reform Act of 1995 (PSLRA) established formidable barriers for securities fraud litigation by requiring plaintiffs to plead a strong inference of scienter that satisfies heightened federal standards. These statutory requirements mandate that complaints “state with particularity facts giving rise to a strong inference that the defendant acted with


