id	author	title	date	pages	extension	mime	words	sentence	flesch	summary	cache	txt
cblr-1769	Glater, Jonathan D.	Hurdles of Different Heights for Securities Fraud Litigants of Different Types	2014	9	.pdf	application/pdf	3023	129	44	Because establishing scienter is difficult for investors with access only to regulatory disclosures by publicly traded companies, while establishing reasonable reliance is more likely to be difficult for putatively sophisticated investors in private placements, investors in publicly accessible transactions face a higher hurdle than private placement investors when alleging fraud. Investors that buy shares through a publicly accessible transaction (herein referred to as “outsider” investors) typically receive less detailed and less transaction-specific information than do private placement investors (“connected” investors).	cache/cblr-1769.pdf	txt/cblr-1769.txt