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It was true, Chief Justice Roberts wrote, that finding proof that the investors had relied on the misstatements was part of the class certification basis.
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The misstatements are so shocking".
The Administration's efforts to correct the misstatements were feeble and belated, the judge said.
And as I said in my opening statement, the misstatements are my mistakes and I accept responsibility for it.
Mr. Litvak admitted he was dishonest in what he told them, but his lawyer argued that the misstatements were not material to the investment decisions.
This is why they are supposed to have staffs who help make sure they stick to the facts and, if they get it wrong, make sure that the misstatements are corrected.
That notwithstanding, the burden was on me to prove that the misstatements weren't true.
In due time, the misstatement was found to be an even more staggering $11 billion.
If the misstatement was material, it could be a disclosure violation, just as in the first example.
So, while the share price henceforth will be higher than it would have been but for the misstatement, the misstatement will not change the share price from what it had been right before the misstatement was made.
Under our law, to establish liability for misstatements when the board is not seeking shareholder action, shareholder plaintiffs must show that the misstatement was made knowingly or in bad faith.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com