Index funds, for example, would never be able to prove reliance, because they buy and sell shares simply to reflect an index.
The court held that therefore a shareholder need not prove reliance because the shareholder's purchase or sale was based on an inaccurate share price, a price that changed as a result of false information.
Most investors, at least the average small investors and even many mutual funds, usually don't read the information released by the company and probably could not prove reliance.
In denying holders the right to sue, the United States Supreme Court noted how difficult it would be for an investor to prove his reliance on fishy financial statements and said that meritless and extortionate lawsuits would result if "holders" were allowed to sue.
The goal he's shooting for with Kaia is to democratize access to proven multimodal therapies and reduce reliance on pharmaceuticals — pointing to rising use of opioid-based painkillers, including in the U.S., where reliance on the drug has been driven by over-prescription leading to an epidemic of addiction and rising numbers of overdose deaths.
But mainly it was because of a reliance, first and foremost, on proven credibility.
Then Fire Emblem: Heroes has proven popular and a financial success — but its reliance on "loot box" mechanics and in-game microtransactions soured the experience for many.
But today, ULA's reliance on RD-180 engines has proven to be their greatest weakness, and SpaceX's greatest asset.
The financial sector has typically led the charge because of their reliance on absolute top speeds, and those technologies, proven in the fire of the international markets, eventually make their way into general business use.
Reliance has now shut down several stores that have proven to be unviable.
