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Re: KnowItAll post# 9539

Tuesday, 03/27/2007 11:09:44 PM

Tuesday, March 27, 2007 11:09:44 PM

Post# of 14027
Knowitall..LOL, a law school student. It figures as much. First of all the source of Rule 10b is from the SEC verbatim. I copy and pasted the information from the 'Securities Lawyers Deskbook' at the University of Cincinatti school of Law website. (does this make you fell better? http://www.law.uc.edu/CCL/34ActRls/rule10b-5.html). Yes I copy and pasted. Why would I "re-write" law? Second, Wikipedia is a collection of information contributed by users. Often times they copy and paste definitions from various authoratative sources and post them in wikipedia. I'm surprise that you claim to be a law student studying securites law and you don't even know this. You can find the Decleration of Independence on Wikipedia too, but is it b.s. because it's posted there? Nice try, but I doubt if you're really a law student.

Rule 10b-5 is titled "Manipulative and deceptive devices and Contrivances". This rule has been applied to numerous instances in circumstances I previously explained. It should be easy for a 1st year law student to find this out. There are plenty of references in Lexis-Nexis or RIA.

Lastly, the point of going to court is to prove the allegations. To say the court would dimiss it as a summary judgement because you can't prvoe it was intentional is ridiculous. There is definatley enough cause for this to go to trial.