id	sid	tid	token	lemma	pos
cblr-1769	1	1	microsoft	microsoft	PROPN
cblr-1769	1	2	word	word	NOUN
cblr-1769	1	3	2	2	NUM
cblr-1769	1	4	glater	glater	NOUN
cblr-1769	1	5	final	final	ADJ
cblr-1769	1	6	3.10_no	3.10_no	NUM
cblr-1769	1	7	stamp.docx	stamp.docx	NOUN
cblr-1769	1	8	hurdles	hurdle	NOUN
cblr-1769	1	9	of	of	ADP
cblr-1769	1	10	different	different	ADJ
cblr-1769	1	11	heights	height	NOUN
cblr-1769	1	12	for	for	ADP
cblr-1769	1	13	securities	security	NOUN
cblr-1769	1	14	fraud	fraud	NOUN
cblr-1769	1	15	litigants	litigant	NOUN
cblr-1769	1	16	of	of	ADP
cblr-1769	1	17	different	different	ADJ
cblr-1769	1	18	types	type	NOUN
cblr-1769	1	19	jonathan	jonathan	PROPN
cblr-1769	1	20	d.	d.	PROPN
cblr-1769	1	21	glater	glater	PROPN
cblr-1769	1	22	*	*	PROPN
cblr-1769	1	23	fraud	fraud	NOUN
cblr-1769	1	24	claims	claim	NOUN
cblr-1769	1	25	filed	file	VERB
cblr-1769	1	26	by	by	ADP
cblr-1769	1	27	investors	investor	NOUN
cblr-1769	1	28	in	in	ADP
cblr-1769	1	29	the	the	DET
cblr-1769	1	30	wake	wake	NOUN
cblr-1769	1	31	of	of	ADP
cblr-1769	1	32	the	the	DET
cblr-1769	1	33	financial	financial	ADJ
cblr-1769	1	34	crisis	crisis	NOUN
cblr-1769	1	35	of	of	ADP
cblr-1769	1	36	2008	2008	NUM
cblr-1769	1	37	reveal	reveal	VERB
cblr-1769	1	38	a	a	DET
cblr-1769	1	39	significant	significant	ADJ
cblr-1769	1	40	and	and	CCONJ
cblr-1769	1	41	unrecognized	unrecognized	ADJ
cblr-1769	1	42	problem	problem	NOUN
cblr-1769	1	43	in	in	ADP
cblr-1769	1	44	securities	security	NOUN
cblr-1769	1	45	law	law	NOUN
cblr-1769	1	46	:	:	PUNCT
cblr-1769	1	47	the	the	DET
cblr-1769	1	48	law	law	NOUN
cblr-1769	1	49	treats	treat	VERB
cblr-1769	1	50	claims	claim	NOUN
cblr-1769	1	51	of	of	ADP
cblr-1769	1	52	investors	investor	NOUN
cblr-1769	1	53	who	who	PRON
cblr-1769	1	54	purchase	purchase	VERB
cblr-1769	1	55	securities	security	NOUN
cblr-1769	1	56	through	through	ADP
cblr-1769	1	57	private	private	ADJ
cblr-1769	1	58	placements	placement	NOUN
cblr-1769	1	59	more	more	ADV
cblr-1769	1	60	favorably	favorably	ADV
cblr-1769	1	61	than	than	SCONJ
cblr-1769	1	62	it	it	PRON
cblr-1769	1	63	treats	treat	VERB
cblr-1769	1	64	claims	claim	NOUN
cblr-1769	1	65	of	of	ADP
cblr-1769	1	66	investors	investor	NOUN
cblr-1769	1	67	who	who	PRON
cblr-1769	1	68	purchase	purchase	VERB
cblr-1769	1	69	shares	share	NOUN
cblr-1769	1	70	on	on	ADP
cblr-1769	1	71	public	public	ADJ
cblr-1769	1	72	exchanges	exchange	NOUN
cblr-1769	1	73	or	or	CCONJ
cblr-1769	1	74	in	in	ADP
cblr-1769	1	75	public	public	ADJ
cblr-1769	1	76	offerings	offering	NOUN
cblr-1769	1	77	.	.	PUNCT
cblr-1769	2	1	the	the	DET
cblr-1769	2	2	disparity	disparity	NOUN
cblr-1769	2	3	is	be	AUX
cblr-1769	2	4	a	a	DET
cblr-1769	2	5	symptom	symptom	NOUN
cblr-1769	2	6	of	of	ADP
cblr-1769	2	7	financial	financial	ADJ
cblr-1769	2	8	markets	market	NOUN
cblr-1769	2	9	outpacing	outpace	VERB
cblr-1769	2	10	their	their	PRON
cblr-1769	2	11	legal	legal	ADJ
cblr-1769	2	12	and	and	CCONJ
cblr-1769	2	13	regulatory	regulatory	ADJ
cblr-1769	2	14	framework	framework	NOUN
cblr-1769	2	15	,	,	PUNCT
cblr-1769	2	16	and	and	CCONJ
cblr-1769	2	17	this	this	DET
cblr-1769	2	18	article	article	NOUN
cblr-1769	2	19	proposes	propose	VERB
cblr-1769	2	20	a	a	DET
cblr-1769	2	21	remedy	remedy	NOUN
cblr-1769	2	22	.	.	PUNCT
cblr-1769	3	1	the	the	DET
cblr-1769	3	2	different	different	ADJ
cblr-1769	3	3	hurdles	hurdle	NOUN
cblr-1769	3	4	confronting	confront	VERB
cblr-1769	3	5	investors	investor	NOUN
cblr-1769	3	6	who	who	PRON
cblr-1769	3	7	invest	invest	VERB
cblr-1769	3	8	in	in	ADP
cblr-1769	3	9	different	different	ADJ
cblr-1769	3	10	transactions	transaction	NOUN
cblr-1769	3	11	but	but	CCONJ
cblr-1769	3	12	who	who	PRON
cblr-1769	3	13	make	make	VERB
cblr-1769	3	14	similar	similar	ADJ
cblr-1769	3	15	allegations	allegation	NOUN
cblr-1769	3	16	and	and	CCONJ
cblr-1769	3	17	rely	rely	VERB
cblr-1769	3	18	on	on	ADP
cblr-1769	3	19	the	the	DET
cblr-1769	3	20	same	same	ADJ
cblr-1769	3	21	law	law	NOUN
cblr-1769	3	22	are	be	AUX
cblr-1769	3	23	,	,	PUNCT
cblr-1769	3	24	the	the	DET
cblr-1769	3	25	article	article	NOUN
cblr-1769	3	26	contends	contend	VERB
cblr-1769	3	27	,	,	PUNCT
cblr-1769	3	28	an	an	DET
cblr-1769	3	29	unfair	unfair	ADJ
cblr-1769	3	30	and	and	CCONJ
cblr-1769	3	31	apparently	apparently	ADV
cblr-1769	3	32	unintended	unintended	ADJ
cblr-1769	3	33	result	result	NOUN
cblr-1769	3	34	of	of	ADP
cblr-1769	3	35	the	the	DET
cblr-1769	3	36	private	private	ADJ
cblr-1769	3	37	securities	security	NOUN
cblr-1769	3	38	litigation	litigation	PROPN
cblr-1769	3	39	reform	reform	PROPN
cblr-1769	3	40	act	act	NOUN
cblr-1769	3	41	of	of	ADP
cblr-1769	3	42	1995	1995	NUM
cblr-1769	3	43	(	(	PUNCT
cblr-1769	3	44	“	"	PUNCT
cblr-1769	3	45	pslra	pslra	NOUN
cblr-1769	3	46	”	"	PUNCT
cblr-1769	3	47	)	)	PUNCT
cblr-1769	3	48	,	,	PUNCT
cblr-1769	3	49	which	which	PRON
cblr-1769	3	50	sought	seek	VERB
cblr-1769	3	51	to	to	PART
cblr-1769	3	52	curb	curb	VERB
cblr-1769	3	53	frivolous	frivolous	ADJ
cblr-1769	3	54	shareholder	shareholder	NOUN
cblr-1769	3	55	class	class	NOUN
cblr-1769	3	56	actions	action	NOUN
cblr-1769	3	57	.	.	PUNCT
cblr-1769	4	1	the	the	DET
cblr-1769	4	2	pslra	pslra	NOUN
cblr-1769	4	3	raised	raise	VERB
cblr-1769	4	4	the	the	DET
cblr-1769	4	5	standard	standard	ADJ
cblr-1769	4	6	plaintiffs	plaintiff	NOUN
cblr-1769	4	7	must	must	AUX
cblr-1769	4	8	meet	meet	VERB
cblr-1769	4	9	in	in	ADP
cblr-1769	4	10	alleging	allege	VERB
cblr-1769	4	11	that	that	SCONJ
cblr-1769	4	12	a	a	DET
cblr-1769	4	13	defendant	defendant	NOUN
cblr-1769	4	14	had	have	VERB
cblr-1769	4	15	wrongful	wrongful	ADJ
cblr-1769	4	16	intent	intent	NOUN
cblr-1769	4	17	,	,	PUNCT
cblr-1769	4	18	or	or	CCONJ
cblr-1769	4	19	scienter	scienter	NOUN
cblr-1769	4	20	,	,	PUNCT
cblr-1769	4	21	but	but	CCONJ
cblr-1769	4	22	it	it	PRON
cblr-1769	4	23	did	do	VERB
cblr-1769	4	24	not	not	PART
cblr-1769	4	25	*	*	VERB
cblr-1769	4	26	assistant	assistant	NOUN
cblr-1769	4	27	professor	professor	NOUN
cblr-1769	4	28	of	of	ADP
cblr-1769	4	29	law	law	NOUN
cblr-1769	4	30	,	,	PUNCT
cblr-1769	4	31	university	university	PROPN
cblr-1769	4	32	of	of	ADP
cblr-1769	4	33	california	california	PROPN
cblr-1769	4	34	,	,	PUNCT
cblr-1769	4	35	irvine	irvine	PROPN
cblr-1769	4	36	.	.	PUNCT
cblr-1769	5	1	the	the	DET
cblr-1769	5	2	author	author	NOUN
cblr-1769	5	3	wishes	wish	VERB
cblr-1769	5	4	to	to	PART
cblr-1769	5	5	thank	thank	VERB
cblr-1769	5	6	frank	frank	PROPN
cblr-1769	5	7	partnoy	partnoy	PROPN
cblr-1769	5	8	,	,	PUNCT
cblr-1769	5	9	christopher	christopher	PROPN
cblr-1769	5	10	leslie	leslie	PROPN
cblr-1769	5	11	,	,	PUNCT
cblr-1769	6	1	olufunmilayo	olufunmilayo	PROPN
cblr-1769	6	2	b.	b.	PROPN
cblr-1769	6	3	arewa	arewa	PROPN
cblr-1769	6	4	,	,	PUNCT
cblr-1769	6	5	margaret	margaret	PROPN
cblr-1769	6	6	v.	v.	PROPN
cblr-1769	6	7	sachs	sachs	PROPN
cblr-1769	6	8	,	,	PUNCT
cblr-1769	6	9	lawrence	lawrence	PROPN
cblr-1769	6	10	g.	g.	PROPN
cblr-1769	6	11	baxter	baxter	PROPN
cblr-1769	6	12	,	,	PUNCT
cblr-1769	6	13	deborah	deborah	PROPN
cblr-1769	6	14	a.	a.	PROPN
cblr-1769	6	15	demott	demott	PROPN
cblr-1769	6	16	,	,	PUNCT
cblr-1769	6	17	elbert	elbert	PROPN
cblr-1769	6	18	l.	l.	PROPN
cblr-1769	6	19	robertson	robertson	PROPN
cblr-1769	6	20	,	,	PUNCT
cblr-1769	6	21	michael	michael	PROPN
cblr-1769	6	22	perino	perino	PROPN
cblr-1769	6	23	,	,	PUNCT
cblr-1769	6	24	participants	participant	NOUN
cblr-1769	6	25	in	in	ADP
cblr-1769	6	26	the	the	DET
cblr-1769	6	27	fall	fall	NOUN
cblr-1769	6	28	2013	2013	NUM
cblr-1769	6	29	university	university	PROPN
cblr-1769	6	30	of	of	ADP
cblr-1769	6	31	california	california	PROPN
cblr-1769	6	32	,	,	PUNCT
cblr-1769	6	33	irvine	irvine	PROPN
cblr-1769	6	34	school	school	PROPN
cblr-1769	6	35	of	of	ADP
cblr-1769	6	36	law	law	NOUN
cblr-1769	6	37	–	–	PUNCT
cblr-1769	6	38	university	university	NOUN
cblr-1769	6	39	of	of	ADP
cblr-1769	6	40	california	california	PROPN
cblr-1769	6	41	,	,	PUNCT
cblr-1769	6	42	berkeley	berkeley	PROPN
cblr-1769	6	43	school	school	PROPN
cblr-1769	6	44	of	of	ADP
cblr-1769	6	45	law	law	NOUN
cblr-1769	6	46	junior	junior	ADJ
cblr-1769	6	47	faculty	faculty	NOUN
cblr-1769	6	48	exchange	exchange	NOUN
cblr-1769	6	49	,	,	PUNCT
cblr-1769	6	50	participants	participant	NOUN
cblr-1769	6	51	in	in	ADP
cblr-1769	6	52	the	the	DET
cblr-1769	6	53	2013	2013	NUM
cblr-1769	6	54	workshop	workshop	NOUN
cblr-1769	6	55	for	for	ADP
cblr-1769	6	56	corporate	corporate	ADJ
cblr-1769	6	57	and	and	CCONJ
cblr-1769	6	58	securities	security	NOUN
cblr-1769	6	59	litigation	litigation	NOUN
cblr-1769	6	60	,	,	PUNCT
cblr-1769	6	61	participants	participant	NOUN
cblr-1769	6	62	in	in	ADP
cblr-1769	6	63	the	the	DET
cblr-1769	6	64	2012	2012	NUM
cblr-1769	6	65	john	john	PROPN
cblr-1769	6	66	mercer	mercer	PROPN
cblr-1769	6	67	langston	langston	PROPN
cblr-1769	6	68	law	law	PROPN
cblr-1769	6	69	faculty	faculty	NOUN
cblr-1769	6	70	writing	write	VERB
cblr-1769	6	71	workshop	workshop	NOUN
cblr-1769	6	72	,	,	PUNCT
cblr-1769	6	73	stephen	stephen	PROPN
cblr-1769	6	74	rich	rich	PROPN
cblr-1769	6	75	,	,	PUNCT
cblr-1769	6	76	sarah	sarah	PROPN
cblr-1769	6	77	lawsky	lawsky	PROPN
cblr-1769	6	78	,	,	PUNCT
cblr-1769	6	79	stephen	stephen	PROPN
cblr-1769	6	80	lee	lee	PROPN
cblr-1769	6	81	,	,	PUNCT
cblr-1769	6	82	christopher	christopher	PROPN
cblr-1769	6	83	whytock	whytock	PROPN
cblr-1769	6	84	,	,	PUNCT
cblr-1769	6	85	alejandro	alejandro	PROPN
cblr-1769	6	86	camacho	camacho	PROPN
cblr-1769	6	87	and	and	CCONJ
cblr-1769	6	88	kenneth	kenneth	PROPN
cblr-1769	6	89	stahl	stahl	PROPN
cblr-1769	6	90	for	for	ADP
cblr-1769	6	91	help	help	NOUN
cblr-1769	6	92	refining	refine	VERB
cblr-1769	6	93	the	the	DET
cblr-1769	6	94	ideas	idea	NOUN
cblr-1769	6	95	in	in	ADP
cblr-1769	6	96	this	this	DET
cblr-1769	6	97	article	article	NOUN
cblr-1769	6	98	.	.	PUNCT
cblr-1769	7	1	the	the	DET
cblr-1769	7	2	author	author	NOUN
cblr-1769	7	3	is	be	AUX
cblr-1769	7	4	deeply	deeply	ADV
cblr-1769	7	5	indebted	indebted	ADJ
cblr-1769	7	6	to	to	ADP
cblr-1769	7	7	brendan	brendan	PROPN
cblr-1769	7	8	starkey	starkey	PROPN
cblr-1769	7	9	,	,	PUNCT
cblr-1769	7	10	joy	joy	NOUN
cblr-1769	7	11	shoemaker	shoemaker	NOUN
cblr-1769	7	12	,	,	PUNCT
cblr-1769	7	13	christina	christina	PROPN
cblr-1769	7	14	tsou	tsou	PROPN
cblr-1769	7	15	,	,	PUNCT
cblr-1769	7	16	and	and	CCONJ
cblr-1769	7	17	jackie	jackie	PROPN
cblr-1769	7	18	woodside	woodside	PROPN
cblr-1769	7	19	of	of	ADP
cblr-1769	7	20	the	the	DET
cblr-1769	7	21	university	university	PROPN
cblr-1769	7	22	of	of	ADP
cblr-1769	7	23	california	california	PROPN
cblr-1769	7	24	,	,	PUNCT
cblr-1769	7	25	irvine	irvine	PROPN
cblr-1769	7	26	law	law	NOUN
cblr-1769	7	27	library	library	NOUN
cblr-1769	7	28	for	for	ADP
cblr-1769	7	29	their	their	PRON
cblr-1769	7	30	expert	expert	NOUN
cblr-1769	7	31	research	research	NOUN
cblr-1769	7	32	assistance	assistance	NOUN
cblr-1769	7	33	;	;	PUNCT
cblr-1769	7	34	to	to	ADP
cblr-1769	7	35	my	my	PRON
cblr-1769	7	36	research	research	NOUN
cblr-1769	7	37	assistant	assistant	NOUN
cblr-1769	7	38	,	,	PUNCT
cblr-1769	7	39	catriona	catriona	PROPN
cblr-1769	7	40	lavery	lavery	PROPN
cblr-1769	7	41	,	,	PUNCT
cblr-1769	7	42	for	for	ADP
cblr-1769	7	43	her	her	PRON
cblr-1769	7	44	hard	hard	ADJ
cblr-1769	7	45	work	work	NOUN
cblr-1769	7	46	reviewing	review	VERB
cblr-1769	7	47	dozens	dozen	NOUN
cblr-1769	7	48	upon	upon	SCONJ
cblr-1769	7	49	dozens	dozen	NOUN
cblr-1769	7	50	of	of	ADP
cblr-1769	7	51	securities	security	NOUN
cblr-1769	7	52	fraud	fraud	NOUN
cblr-1769	7	53	cases	case	NOUN
cblr-1769	7	54	;	;	PUNCT
cblr-1769	7	55	and	and	CCONJ
cblr-1769	7	56	to	to	ADP
cblr-1769	7	57	the	the	DET
cblr-1769	7	58	staff	staff	NOUN
cblr-1769	7	59	of	of	ADP
cblr-1769	7	60	the	the	DET
cblr-1769	7	61	columbia	columbia	PROPN
cblr-1769	7	62	business	business	PROPN
cblr-1769	7	63	law	law	PROPN
cblr-1769	7	64	review	review	NOUN
cblr-1769	7	65	for	for	ADP
cblr-1769	7	66	their	their	PRON
cblr-1769	7	67	diligence	diligence	NOUN
cblr-1769	7	68	and	and	CCONJ
cblr-1769	7	69	care	care	NOUN
cblr-1769	7	70	.	.	PUNCT
cblr-1769	8	1	48	48	NUM
cblr-1769	8	2	columbia	columbia	PROPN
cblr-1769	8	3	business	business	NOUN
cblr-1769	8	4	law	law	PROPN
cblr-1769	8	5	review	review	NOUN
cblr-1769	8	6	[	[	X
cblr-1769	8	7	vol	vol	NOUN
cblr-1769	8	8	.	.	PUNCT
cblr-1769	8	9	2014	2014	NUM
cblr-1769	8	10	raise	raise	VERB
cblr-1769	8	11	the	the	DET
cblr-1769	8	12	standard	standard	NOUN
cblr-1769	8	13	applicable	applicable	ADJ
cblr-1769	8	14	to	to	ADP
cblr-1769	8	15	claims	claim	NOUN
cblr-1769	8	16	that	that	SCONJ
cblr-1769	8	17	a	a	DET
cblr-1769	8	18	plaintiff	plaintiff	NOUN
cblr-1769	8	19	reasonably	reasonably	ADV
cblr-1769	8	20	relied	rely	VERB
cblr-1769	8	21	on	on	ADP
cblr-1769	8	22	an	an	DET
cblr-1769	8	23	allegedly	allegedly	ADV
cblr-1769	8	24	fraudulent	fraudulent	ADJ
cblr-1769	8	25	misrepresentation	misrepresentation	NOUN
cblr-1769	8	26	or	or	CCONJ
cblr-1769	8	27	omission	omission	NOUN
cblr-1769	8	28	.	.	PUNCT
cblr-1769	9	1	because	because	SCONJ
cblr-1769	9	2	establishing	establish	VERB
cblr-1769	9	3	scienter	scienter	NOUN
cblr-1769	9	4	is	be	AUX
cblr-1769	9	5	difficult	difficult	ADJ
cblr-1769	9	6	for	for	ADP
cblr-1769	9	7	investors	investor	NOUN
cblr-1769	9	8	with	with	ADP
cblr-1769	9	9	access	access	NOUN
cblr-1769	9	10	only	only	ADV
cblr-1769	9	11	to	to	ADP
cblr-1769	9	12	regulatory	regulatory	ADJ
cblr-1769	9	13	disclosures	disclosure	NOUN
cblr-1769	9	14	by	by	ADP
cblr-1769	9	15	publicly	publicly	ADV
cblr-1769	9	16	traded	trade	VERB
cblr-1769	9	17	companies	company	NOUN
cblr-1769	9	18	,	,	PUNCT
cblr-1769	9	19	while	while	SCONJ
cblr-1769	9	20	establishing	establish	VERB
cblr-1769	9	21	reasonable	reasonable	ADJ
cblr-1769	9	22	reliance	reliance	NOUN
cblr-1769	9	23	is	be	AUX
cblr-1769	9	24	more	more	ADV
cblr-1769	9	25	likely	likely	ADJ
cblr-1769	9	26	to	to	PART
cblr-1769	9	27	be	be	AUX
cblr-1769	9	28	difficult	difficult	ADJ
cblr-1769	9	29	for	for	ADP
cblr-1769	9	30	putatively	putatively	ADV
cblr-1769	9	31	sophisticated	sophisticated	ADJ
cblr-1769	9	32	investors	investor	NOUN
cblr-1769	9	33	in	in	ADP
cblr-1769	9	34	private	private	ADJ
cblr-1769	9	35	placements	placement	NOUN
cblr-1769	9	36	,	,	PUNCT
cblr-1769	9	37	investors	investor	NOUN
cblr-1769	9	38	in	in	ADP
cblr-1769	9	39	publicly	publicly	ADV
cblr-1769	9	40	accessible	accessible	ADJ
cblr-1769	9	41	transactions	transaction	NOUN
cblr-1769	9	42	face	face	VERB
cblr-1769	9	43	a	a	DET
cblr-1769	9	44	higher	high	ADJ
cblr-1769	9	45	hurdle	hurdle	NOUN
cblr-1769	9	46	than	than	ADP
cblr-1769	9	47	private	private	ADJ
cblr-1769	9	48	placement	placement	NOUN
cblr-1769	9	49	investors	investor	NOUN
cblr-1769	9	50	when	when	SCONJ
cblr-1769	9	51	alleging	allege	VERB
cblr-1769	9	52	fraud	fraud	NOUN
cblr-1769	9	53	.	.	PUNCT
cblr-1769	10	1	this	this	DET
cblr-1769	10	2	article	article	NOUN
cblr-1769	10	3	describes	describe	VERB
cblr-1769	10	4	and	and	CCONJ
cblr-1769	10	5	critiques	critique	NOUN
cblr-1769	10	6	this	this	DET
cblr-1769	10	7	effect	effect	NOUN
cblr-1769	10	8	of	of	ADP
cblr-1769	10	9	the	the	DET
cblr-1769	10	10	pslra	pslra	NOUN
cblr-1769	10	11	,	,	PUNCT
cblr-1769	10	12	and	and	CCONJ
cblr-1769	10	13	calls	call	VERB
cblr-1769	10	14	on	on	ADP
cblr-1769	10	15	congress	congress	PROPN
cblr-1769	10	16	to	to	PART
cblr-1769	10	17	revise	revise	VERB
cblr-1769	10	18	standards	standard	NOUN
cblr-1769	10	19	so	so	SCONJ
cblr-1769	10	20	that	that	SCONJ
cblr-1769	10	21	investors	investor	NOUN
cblr-1769	10	22	victimized	victimize	VERB
cblr-1769	10	23	by	by	ADP
cblr-1769	10	24	fraud	fraud	NOUN
cblr-1769	10	25	have	have	VERB
cblr-1769	10	26	the	the	DET
cblr-1769	10	27	same	same	ADJ
cblr-1769	10	28	chance	chance	NOUN
cblr-1769	10	29	of	of	ADP
cblr-1769	10	30	recovery	recovery	NOUN
cblr-1769	10	31	through	through	ADP
cblr-1769	10	32	litigation	litigation	NOUN
cblr-1769	10	33	whether	whether	SCONJ
cblr-1769	10	34	or	or	CCONJ
cblr-1769	10	35	not	not	PART
cblr-1769	10	36	they	they	PRON
cblr-1769	10	37	purchased	purchase	VERB
cblr-1769	10	38	securities	security	NOUN
cblr-1769	10	39	in	in	ADP
cblr-1769	10	40	a	a	DET
cblr-1769	10	41	private	private	ADJ
cblr-1769	10	42	placement	placement	NOUN
cblr-1769	10	43	.	.	PUNCT
cblr-1769	11	1	i.	i.	PROPN
cblr-1769	11	2	!	!	PUNCT
cblr-1769	11	3	introduction	introduction	NOUN
cblr-1769	11	4	...................................................................	...................................................................	PUNCT
cblr-1769	12	1	49	49	NUM
cblr-1769	12	2	!	!	PUNCT
cblr-1769	12	3	ii	ii	PROPN
cblr-1769	12	4	.	.	PUNCT
cblr-1769	12	5	!	!	PUNCT
cblr-1769	13	1	the	the	DET
cblr-1769	13	2	role	role	NOUN
cblr-1769	13	3	of	of	ADP
cblr-1769	13	4	private	private	ADJ
cblr-1769	13	5	securities	security	NOUN
cblr-1769	13	6	litigation	litigation	NOUN
cblr-1769	13	7	....................	....................	PUNCT
cblr-1769	14	1	55	55	NUM
cblr-1769	14	2	!	!	PUNCT
cblr-1769	14	3	a.	a.	NOUN
cblr-1769	15	1	the	the	DET
cblr-1769	15	2	costs	cost	NOUN
cblr-1769	15	3	of	of	ADP
cblr-1769	15	4	the	the	DET
cblr-1769	15	5	private	private	ADJ
cblr-1769	15	6	right	right	NOUN
cblr-1769	15	7	of	of	ADP
cblr-1769	15	8	action	action	NOUN
cblr-1769	15	9	.................	.................	PUNCT
cblr-1769	16	1	57	57	NUM
cblr-1769	16	2	!	!	PUNCT
cblr-1769	16	3	b.	b.	VERB
cblr-1769	17	1	the	the	DET
cblr-1769	17	2	benefits	benefit	NOUN
cblr-1769	17	3	of	of	ADP
cblr-1769	17	4	the	the	DET
cblr-1769	17	5	private	private	ADJ
cblr-1769	17	6	right	right	NOUN
cblr-1769	17	7	of	of	ADP
cblr-1769	17	8	action	action	NOUN
cblr-1769	17	9	............	............	PUNCT
cblr-1769	17	10	61	61	NUM
cblr-1769	17	11	!	!	PUNCT
cblr-1769	18	1	c.	c.	NOUN
cblr-1769	19	1	the	the	DET
cblr-1769	19	2	multiple	multiple	ADJ
cblr-1769	19	3	paths	path	NOUN
cblr-1769	19	4	permitting	permit	VERB
cblr-1769	19	5	private	private	ADJ
cblr-1769	19	6	securities	security	NOUN
cblr-1769	19	7	litigation	litigation	NOUN
cblr-1769	19	8	...............................................	...............................................	PUNCT
cblr-1769	20	1	63	63	NUM
cblr-1769	20	2	!	!	X
cblr-1769	20	3	iii	iii	PROPN
cblr-1769	20	4	.	.	PUNCT
cblr-1769	20	5	!	!	PUNCT
cblr-1769	21	1	the	the	DET
cblr-1769	21	2	path	path	NOUN
cblr-1769	21	3	to	to	ADP
cblr-1769	21	4	recovery	recovery	NOUN
cblr-1769	21	5	through	through	ADP
cblr-1769	21	6	section	section	NOUN
cblr-1769	21	7	10(b	10(b	NUM
cblr-1769	21	8	)	)	PUNCT
cblr-1769	21	9	securities	security	NOUN
cblr-1769	21	10	litigation	litigation	NOUN
cblr-1769	21	11	.....................................................	.....................................................	PUNCT
cblr-1769	22	1	66	66	NUM
cblr-1769	22	2	!	!	PUNCT
cblr-1769	22	3	a.	a.	NOUN
cblr-1769	23	1	the	the	DET
cblr-1769	23	2	elements	element	NOUN
cblr-1769	23	3	of	of	ADP
cblr-1769	23	4	a	a	DET
cblr-1769	23	5	claim	claim	NOUN
cblr-1769	23	6	of	of	ADP
cblr-1769	23	7	fraud	fraud	NOUN
cblr-1769	23	8	under	under	ADP
cblr-1769	23	9	the	the	DET
cblr-1769	23	10	exchange	exchange	NOUN
cblr-1769	23	11	act	act	NOUN
cblr-1769	23	12	..........................................................	..........................................................	PUNCT
cblr-1769	24	1	68	68	NUM
cblr-1769	24	2	!	!	NOUN
cblr-1769	24	3	1	1	NUM
cblr-1769	24	4	.	.	NOUN
cblr-1769	24	5	scienter	scienter	NOUN
cblr-1769	24	6	...............................................................	...............................................................	PUNCT
cblr-1769	25	1	70	70	NUM
cblr-1769	25	2	!	!	X
cblr-1769	25	3	2	2	X
cblr-1769	25	4	.	.	X
cblr-1769	25	5	reliance	reliance	NOUN
cblr-1769	25	6	...............................................................	...............................................................	PUNCT
cblr-1769	26	1	72	72	NUM
cblr-1769	26	2	!	!	X
cblr-1769	26	3	3	3	X
cblr-1769	26	4	.	.	X
cblr-1769	26	5	loss	loss	NOUN
cblr-1769	26	6	causation	causation	NOUN
cblr-1769	26	7	.....................................................	.....................................................	PUNCT
cblr-1769	27	1	77	77	X
cblr-1769	27	2	!	!	PUNCT
cblr-1769	27	3	b.	b.	PROPN
cblr-1769	28	1	the	the	DET
cblr-1769	28	2	federal	federal	ADJ
cblr-1769	28	3	rules	rule	NOUN
cblr-1769	28	4	of	of	ADP
cblr-1769	28	5	civil	civil	ADJ
cblr-1769	28	6	procedure	procedure	NOUN
cblr-1769	28	7	......................	......................	PUNCT
cblr-1769	29	1	78	78	X
cblr-1769	29	2	!	!	PUNCT
cblr-1769	30	1	c.	c.	NOUN
cblr-1769	31	1	the	the	DET
cblr-1769	31	2	pslra	pslra	INTJ
cblr-1769	31	3	...............................................................	...............................................................	PUNCT
cblr-1769	31	4	79	79	NUM
cblr-1769	31	5	!	!	PUNCT
cblr-1769	32	1	iv	iv	X
cblr-1769	32	2	.	.	PUNCT
cblr-1769	32	3	!	!	PUNCT
cblr-1769	33	1	implications	implication	NOUN
cblr-1769	33	2	of	of	ADP
cblr-1769	33	3	selectively	selectively	ADV
cblr-1769	33	4	raising	raise	VERB
cblr-1769	33	5	pleading	pleading	NOUN
cblr-1769	33	6	standards	standard	NOUN
cblr-1769	33	7	for	for	ADP
cblr-1769	33	8	outsider	outsider	NOUN
cblr-1769	33	9	investors	investor	NOUN
cblr-1769	33	10	.................................	.................................	PUNCT
cblr-1769	34	1	87	87	NUM
cblr-1769	34	2	!	!	PUNCT
cblr-1769	35	1	a.	a.	NOUN
cblr-1769	35	2	selectively	selectively	ADV
cblr-1769	35	3	raising	raise	VERB
cblr-1769	35	4	pleading	pleading	NOUN
cblr-1769	35	5	standards	standard	NOUN
cblr-1769	35	6	burdens	burden	VERB
cblr-1769	35	7	outsider	outsider	NOUN
cblr-1769	35	8	investors	investor	NOUN
cblr-1769	35	9	...................................	...................................	PUNCT
cblr-1769	36	1	88	88	NUM
cblr-1769	36	2	!	!	X
cblr-1769	36	3	1	1	X
cblr-1769	36	4	.	.	PUNCT
cblr-1769	36	5	outsider	outsider	NOUN
cblr-1769	36	6	investors	investor	NOUN
cblr-1769	36	7	’	’	PART
cblr-1769	36	8	difficulty	difficulty	NOUN
cblr-1769	36	9	developing	develop	VERB
cblr-1769	36	10	evidence	evidence	NOUN
cblr-1769	36	11	of	of	ADP
cblr-1769	36	12	scienter	scienter	NOUN
cblr-1769	36	13	..........................................	..........................................	PUNCT
cblr-1769	37	1	90	90	NUM
cblr-1769	37	2	!	!	SYM
cblr-1769	38	1	2	2	X
cblr-1769	38	2	.	.	X
cblr-1769	38	3	connected	connected	ADJ
cblr-1769	38	4	investors	investor	NOUN
cblr-1769	38	5	’	'	PUNCT
cblr-1769	38	6	allegations	allegation	NOUN
cblr-1769	38	7	of	of	ADP
cblr-1769	38	8	reliance	reliance	NOUN
cblr-1769	38	9	face	face	VERB
cblr-1769	38	10	a	a	DET
cblr-1769	38	11	less	less	ADV
cblr-1769	38	12	demanding	demanding	ADJ
cblr-1769	38	13	standard	standard	NOUN
cblr-1769	38	14	....................	....................	PUNCT
cblr-1769	39	1	93	93	NUM
cblr-1769	39	2	!	!	PUNCT
cblr-1769	40	1	no	no	INTJ
cblr-1769	40	2	.	.	PUNCT
cblr-1769	41	1	1:47	1:47	NUM
cblr-1769	41	2	]	]	PUNCT
cblr-1769	41	3	hurdles	hurdle	NOUN
cblr-1769	41	4	of	of	ADP
cblr-1769	41	5	different	different	ADJ
cblr-1769	41	6	heights	height	NOUN
cblr-1769	41	7	49	49	NUM
cblr-1769	41	8	b.	b.	NOUN
cblr-1769	41	9	!	!	PUNCT
cblr-1769	42	1	negative	negative	ADJ
cblr-1769	42	2	consequences	consequence	NOUN
cblr-1769	42	3	of	of	ADP
cblr-1769	42	4	favorable	favorable	ADJ
cblr-1769	42	5	pleading	pleading	NOUN
cblr-1769	42	6	standards	standard	NOUN
cblr-1769	42	7	for	for	ADP
cblr-1769	42	8	connected	connected	ADJ
cblr-1769	42	9	investors	investor	NOUN
cblr-1769	42	10	.......................	.......................	PUNCT
cblr-1769	43	1	97	97	NUM
cblr-1769	43	2	!	!	NOUN
cblr-1769	44	1	1	1	NUM
cblr-1769	44	2	.	.	X
cblr-1769	45	1	lower	low	ADJ
cblr-1769	45	2	reliance	reliance	NOUN
cblr-1769	45	3	standards	standard	NOUN
cblr-1769	45	4	may	may	AUX
cblr-1769	45	5	discourage	discourage	VERB
cblr-1769	45	6	investor	investor	NOUN
cblr-1769	45	7	care	care	NOUN
cblr-1769	45	8	.....................................................	.....................................................	PUNCT
cblr-1769	46	1	97	97	NUM
cblr-1769	46	2	!	!	NOUN
cblr-1769	47	1	2	2	X
cblr-1769	47	2	.	.	X
cblr-1769	47	3	raising	raise	VERB
cblr-1769	47	4	pleading	plead	VERB
cblr-1769	47	5	standards	standard	NOUN
cblr-1769	47	6	for	for	ADP
cblr-1769	47	7	outsider	outsider	NOUN
cblr-1769	47	8	investors	investor	NOUN
cblr-1769	47	9	as	as	ADP
cblr-1769	47	10	part	part	NOUN
cblr-1769	47	11	of	of	ADP
cblr-1769	47	12	the	the	DET
cblr-1769	47	13	trend	trend	NOUN
cblr-1769	47	14	of	of	ADP
cblr-1769	47	15	restricting	restrict	VERB
cblr-1769	47	16	civil	civil	ADJ
cblr-1769	47	17	recovery	recovery	NOUN
cblr-1769	47	18	................................	................................	PUNCT
cblr-1769	48	1	99	99	NUM
cblr-1769	48	2	!	!	PUNCT
cblr-1769	49	1	v.	v.	X
cblr-1769	49	2	!	!	PUNCT
cblr-1769	50	1	proposing	propose	VERB
cblr-1769	50	2	new	new	ADJ
cblr-1769	50	3	standards	standard	NOUN
cblr-1769	50	4	..........................................	..........................................	PUNCT
cblr-1769	50	5	103	103	NUM
cblr-1769	50	6	!	!	PUNCT
cblr-1769	51	1	a.	a.	NOUN
cblr-1769	51	2	reducing	reduce	VERB
cblr-1769	51	3	the	the	DET
cblr-1769	51	4	hurdle	hurdle	NOUN
cblr-1769	51	5	’s	’s	PART
cblr-1769	51	6	height	height	NOUN
cblr-1769	51	7	for	for	ADP
cblr-1769	51	8	pleading	plead	VERB
cblr-1769	51	9	scienter	scienter	NOUN
cblr-1769	51	10	.................................................................	.................................................................	PUNCT
cblr-1769	51	11	103	103	X
cblr-1769	51	12	!	!	PUNCT
cblr-1769	52	1	b.	b.	NOUN
cblr-1769	52	2	reforms	reform	NOUN
cblr-1769	52	3	are	be	AUX
cblr-1769	52	4	possible	possible	ADJ
cblr-1769	52	5	..............................................	..............................................	PUNCT
cblr-1769	53	1	107	107	NUM
cblr-1769	53	2	!	!	PUNCT
cblr-1769	53	3	vi	vi	X
cblr-1769	53	4	.	.	PUNCT
cblr-1769	53	5	!	!	PUNCT
cblr-1769	54	1	conclusion	conclusion	NOUN
cblr-1769	54	2	...................................................................	...................................................................	PUNCT
cblr-1769	55	1	108	108	NUM
cblr-1769	55	2	!	!	PUNCT
cblr-1769	55	3	i.	i.	NOUN
cblr-1769	55	4	introduction	introduction	NOUN
cblr-1769	55	5	in	in	ADP
cblr-1769	55	6	the	the	DET
cblr-1769	55	7	wake	wake	NOUN
cblr-1769	55	8	of	of	ADP
cblr-1769	55	9	the	the	DET
cblr-1769	55	10	2008	2008	NUM
cblr-1769	55	11	financial	financial	ADJ
cblr-1769	55	12	crisis	crisis	NOUN
cblr-1769	55	13	,	,	PUNCT
cblr-1769	55	14	investors	investor	NOUN
cblr-1769	55	15	who	who	PRON
cblr-1769	55	16	suffered	suffer	VERB
cblr-1769	55	17	losses	loss	NOUN
cblr-1769	55	18	did	do	VERB
cblr-1769	55	19	what	what	PRON
cblr-1769	55	20	investors	investor	NOUN
cblr-1769	55	21	often	often	ADV
cblr-1769	55	22	do––they	do––they	PRON
cblr-1769	55	23	filed	file	VERB
cblr-1769	55	24	lawsuits	lawsuit	NOUN
cblr-1769	55	25	.	.	PUNCT
cblr-1769	56	1	many	many	ADJ
cblr-1769	56	2	were	be	AUX
cblr-1769	56	3	shareholder	shareholder	NOUN
cblr-1769	56	4	class	class	NOUN
cblr-1769	56	5	action	action	NOUN
cblr-1769	56	6	suits	suit	NOUN
cblr-1769	56	7	alleging	allege	VERB
cblr-1769	56	8	that	that	SCONJ
cblr-1769	56	9	companies	company	NOUN
cblr-1769	56	10	failed	fail	VERB
cblr-1769	56	11	to	to	PART
cblr-1769	56	12	disclose	disclose	VERB
cblr-1769	56	13	the	the	DET
cblr-1769	56	14	scale	scale	NOUN
cblr-1769	56	15	of	of	ADP
cblr-1769	56	16	their	their	PRON
cblr-1769	56	17	potential	potential	ADJ
cblr-1769	56	18	exposure	exposure	NOUN
cblr-1769	56	19	to	to	ADP
cblr-1769	56	20	losses	loss	NOUN
cblr-1769	56	21	caused	cause	VERB
cblr-1769	56	22	by	by	ADP
cblr-1769	56	23	falling	fall	VERB
cblr-1769	56	24	real	real	ADJ
cblr-1769	56	25	estate	estate	NOUN
cblr-1769	56	26	prices1	prices1	NOUN
cblr-1769	56	27	and	and	CCONJ
cblr-1769	56	28	rising	rise	VERB
cblr-1769	56	29	rates	rate	NOUN
cblr-1769	56	30	of	of	ADP
cblr-1769	56	31	borrower	borrower	NOUN
cblr-1769	56	32	delinquency.2	delinquency.2	VERB
cblr-1769	56	33	however	however	ADV
cblr-1769	56	34	,	,	PUNCT
cblr-1769	56	35	many	many	ADJ
cblr-1769	56	36	were	be	AUX
cblr-1769	56	37	1	1	NUM
cblr-1769	56	38	see	see	VERB
cblr-1769	56	39	shaila	shaila	PROPN
cblr-1769	56	40	dewan	dewan	PROPN
cblr-1769	56	41	,	,	PUNCT
cblr-1769	56	42	housing	housing	NOUN
cblr-1769	56	43	recovery	recovery	NOUN
cblr-1769	56	44	seems	seem	VERB
cblr-1769	56	45	still	still	ADV
cblr-1769	56	46	on	on	ADP
cblr-1769	56	47	track	track	NOUN
cblr-1769	56	48	,	,	PUNCT
cblr-1769	56	49	n.y	n.y	PROPN
cblr-1769	56	50	.	.	PROPN
cblr-1769	56	51	times	times	PROPN
cblr-1769	56	52	,	,	PUNCT
cblr-1769	56	53	sept	sept	PROPN
cblr-1769	56	54	.	.	PROPN
cblr-1769	56	55	25	25	NUM
cblr-1769	56	56	,	,	PUNCT
cblr-1769	56	57	2013	2013	NUM
cblr-1769	56	58	,	,	PUNCT
cblr-1769	56	59	at	at	ADP
cblr-1769	56	60	b1	b1	NOUN
cblr-1769	56	61	(	(	PUNCT
cblr-1769	56	62	reporting	report	VERB
cblr-1769	56	63	home	home	NOUN
cblr-1769	56	64	prices	price	NOUN
cblr-1769	56	65	rising	rise	VERB
cblr-1769	56	66	after	after	ADP
cblr-1769	56	67	several	several	ADJ
cblr-1769	56	68	years	year	NOUN
cblr-1769	56	69	of	of	ADP
cblr-1769	56	70	declines	decline	NOUN
cblr-1769	56	71	following	follow	VERB
cblr-1769	56	72	the	the	DET
cblr-1769	56	73	financial	financial	ADJ
cblr-1769	56	74	crisis	crisis	NOUN
cblr-1769	56	75	of	of	ADP
cblr-1769	56	76	2008	2008	NUM
cblr-1769	56	77	)	)	PUNCT
cblr-1769	56	78	.	.	PUNCT
cblr-1769	57	1	2	2	NUM
cblr-1769	57	2	rates	rate	NOUN
cblr-1769	57	3	of	of	ADP
cblr-1769	57	4	delinquency	delinquency	NOUN
cblr-1769	57	5	on	on	ADP
cblr-1769	57	6	home	home	NOUN
cblr-1769	57	7	loans	loan	NOUN
cblr-1769	57	8	–	–	PUNCT
cblr-1769	57	9	the	the	DET
cblr-1769	57	10	number	number	NOUN
cblr-1769	57	11	of	of	ADP
cblr-1769	57	12	loans	loan	NOUN
cblr-1769	57	13	on	on	ADP
cblr-1769	57	14	which	which	PRON
cblr-1769	57	15	borrowers	borrower	NOUN
cblr-1769	57	16	are	be	AUX
cblr-1769	57	17	at	at	ADV
cblr-1769	57	18	least	least	ADV
cblr-1769	57	19	one	one	NUM
cblr-1769	57	20	payment	payment	NOUN
cblr-1769	57	21	past	past	ADP
cblr-1769	57	22	due	due	ADJ
cblr-1769	57	23	–	–	PUNCT
cblr-1769	57	24	increased	increase	VERB
cblr-1769	57	25	through	through	ADP
cblr-1769	57	26	the	the	DET
cblr-1769	57	27	recession	recession	NOUN
cblr-1769	57	28	that	that	PRON
cblr-1769	57	29	followed	follow	VERB
cblr-1769	57	30	the	the	DET
cblr-1769	57	31	financial	financial	ADJ
cblr-1769	57	32	crisis	crisis	NOUN
cblr-1769	57	33	of	of	ADP
cblr-1769	57	34	2008	2008	NUM
cblr-1769	57	35	,	,	PUNCT
cblr-1769	57	36	then	then	ADV
cblr-1769	57	37	slowly	slowly	ADV
cblr-1769	57	38	started	start	VERB
cblr-1769	57	39	to	to	PART
cblr-1769	57	40	decline	decline	VERB
cblr-1769	57	41	two	two	NUM
cblr-1769	57	42	years	year	NOUN
cblr-1769	57	43	later	later	ADV
cblr-1769	57	44	,	,	PUNCT
cblr-1769	57	45	as	as	SCONJ
cblr-1769	57	46	reflected	reflect	VERB
cblr-1769	57	47	in	in	ADP
cblr-1769	57	48	data	datum	NOUN
cblr-1769	57	49	released	release	VERB
cblr-1769	57	50	by	by	ADP
cblr-1769	57	51	the	the	DET
cblr-1769	57	52	mortgage	mortgage	NOUN
cblr-1769	57	53	bankers	bankers	PROPN
cblr-1769	57	54	association	association	PROPN
cblr-1769	57	55	.	.	PUNCT
cblr-1769	58	1	see	see	VERB
cblr-1769	58	2	press	press	NOUN
cblr-1769	58	3	release	release	NOUN
cblr-1769	58	4	,	,	PUNCT
cblr-1769	58	5	mortgage	mortgage	NOUN
cblr-1769	58	6	bankers	bankers	PROPN
cblr-1769	58	7	association	association	PROPN
cblr-1769	58	8	,	,	PUNCT
cblr-1769	58	9	delinquencies	delinquency	NOUN
cblr-1769	58	10	and	and	CCONJ
cblr-1769	58	11	foreclosures	foreclosure	NOUN
cblr-1769	58	12	increase	increase	VERB
cblr-1769	58	13	in	in	ADP
cblr-1769	58	14	latest	late	ADJ
cblr-1769	58	15	mba	mba	PROPN
cblr-1769	58	16	national	national	PROPN
cblr-1769	58	17	delinquency	delinquency	PROPN
cblr-1769	58	18	survey	survey	PROPN
cblr-1769	58	19	(	(	PUNCT
cblr-1769	58	20	sept	sept	PROPN
cblr-1769	58	21	.	.	PROPN
cblr-1769	58	22	5	5	NUM
cblr-1769	58	23	,	,	PUNCT
cblr-1769	58	24	2008	2008	NUM
cblr-1769	58	25	)	)	PUNCT
cblr-1769	58	26	(	(	PUNCT
cblr-1769	58	27	on	on	ADP
cblr-1769	58	28	file	file	NOUN
cblr-1769	58	29	with	with	ADP
cblr-1769	58	30	author	author	NOUN
cblr-1769	58	31	)	)	PUNCT
cblr-1769	58	32	,	,	PUNCT
cblr-1769	58	33	available	available	ADJ
cblr-1769	58	34	at	at	ADP
cblr-1769	58	35	http://www.mba.org/newsandmedia/presscenter/64769.htm	http://www.mba.org/newsandmedia/presscenter/64769.htm	PROPN
cblr-1769	58	36	;	;	PUNCT
cblr-1769	58	37	press	press	NOUN
cblr-1769	58	38	release	release	NOUN
cblr-1769	58	39	,	,	PUNCT
cblr-1769	58	40	mortgage	mortgage	NOUN
cblr-1769	58	41	bankers	bankers	PROPN
cblr-1769	58	42	association	association	PROPN
cblr-1769	58	43	,	,	PUNCT
cblr-1769	58	44	delinquencies	delinquency	NOUN
cblr-1769	58	45	continue	continue	VERB
cblr-1769	58	46	to	to	PART
cblr-1769	58	47	climb	climb	VERB
cblr-1769	58	48	in	in	ADP
cblr-1769	58	49	latest	late	ADJ
cblr-1769	58	50	mba	mba	PROPN
cblr-1769	58	51	national	national	PROPN
cblr-1769	58	52	delinquency	delinquency	PROPN
cblr-1769	58	53	survey	survey	PROPN
cblr-1769	58	54	(	(	PUNCT
cblr-1769	58	55	nov	nov	PROPN
cblr-1769	58	56	.	.	PROPN
cblr-1769	58	57	19	19	NUM
cblr-1769	58	58	,	,	PUNCT
cblr-1769	58	59	2009	2009	NUM
cblr-1769	58	60	)	)	PUNCT
cblr-1769	58	61	(	(	PUNCT
cblr-1769	58	62	on	on	ADP
cblr-1769	58	63	file	file	NOUN
cblr-1769	58	64	with	with	ADP
cblr-1769	58	65	author	author	NOUN
cblr-1769	58	66	)	)	PUNCT
cblr-1769	58	67	,	,	PUNCT
cblr-1769	58	68	available	available	ADJ
cblr-1769	58	69	at	at	ADP
cblr-1769	58	70	http://www.mba.org/newsandmedia/press	http://www.mba.org/newsandmedia/press	NOUN
cblr-1769	58	71	center/71112.htm	center/71112.htm	NOUN
cblr-1769	58	72	;	;	PUNCT
cblr-1769	58	73	press	press	NOUN
cblr-1769	58	74	release	release	NOUN
cblr-1769	58	75	,	,	PUNCT
cblr-1769	58	76	mortgage	mortgage	NOUN
cblr-1769	58	77	bankers	bankers	PROPN
cblr-1769	58	78	association	association	PROPN
cblr-1769	58	79	,	,	PUNCT
cblr-1769	58	80	delinquencies	delinquency	NOUN
cblr-1769	58	81	and	and	CCONJ
cblr-1769	58	82	loans	loan	NOUN
cblr-1769	58	83	in	in	ADP
cblr-1769	58	84	foreclosure	foreclosure	NOUN
cblr-1769	58	85	decrease	decrease	NOUN
cblr-1769	58	86	,	,	PUNCT
cblr-1769	58	87	but	but	CCONJ
cblr-1769	58	88	foreclosure	foreclosure	NOUN
cblr-1769	58	89	starts	start	VERB
cblr-1769	58	90	rise	rise	NOUN
cblr-1769	58	91	in	in	ADP
cblr-1769	58	92	latest	late	ADJ
cblr-1769	58	93	mba	mba	PROPN
cblr-1769	58	94	national	national	PROPN
cblr-1769	58	95	delinquency	delinquency	PROPN
cblr-1769	58	96	survey	survey	PROPN
cblr-1769	58	97	(	(	PUNCT
cblr-1769	58	98	nov	nov	PROPN
cblr-1769	58	99	.	.	PROPN
cblr-1769	58	100	18	18	NUM
cblr-1769	58	101	,	,	PUNCT
cblr-1769	58	102	2010	2010	NUM
cblr-1769	58	103	)	)	PUNCT
cblr-1769	58	104	(	(	PUNCT
cblr-1769	58	105	on	on	ADP
cblr-1769	58	106	file	file	NOUN
cblr-1769	58	107	with	with	ADP
cblr-1769	58	108	author	author	NOUN
cblr-1769	58	109	)	)	PUNCT
cblr-1769	58	110	,	,	PUNCT
cblr-1769	58	111	available	available	ADJ
cblr-1769	58	112	at	at	ADP
cblr-1769	58	113	http://www.mba.org/newsandmedia/press	http://www.mba.org/newsandmedia/press	NOUN
cblr-1769	58	114	center/74733.htm	center/74733.htm	NOUN
cblr-1769	58	115	.	.	PUNCT
cblr-1769	59	1	50	50	NUM
cblr-1769	59	2	columbia	columbia	PROPN
cblr-1769	59	3	business	business	NOUN
cblr-1769	59	4	law	law	PROPN
cblr-1769	59	5	review	review	NOUN
cblr-1769	60	1	[	[	X
cblr-1769	60	2	vol	vol	NOUN
cblr-1769	60	3	.	.	NOUN
cblr-1769	60	4	2014	2014	NUM
cblr-1769	61	1	individual	individual	ADJ
cblr-1769	61	2	actions	action	NOUN
cblr-1769	61	3	filed	file	VERB
cblr-1769	61	4	by	by	ADP
cblr-1769	61	5	financial	financial	ADJ
cblr-1769	61	6	companies	company	NOUN
cblr-1769	61	7	that	that	PRON
cblr-1769	61	8	had	have	AUX
cblr-1769	61	9	purchased	purchase	VERB
cblr-1769	61	10	various	various	ADJ
cblr-1769	61	11	types	type	NOUN
cblr-1769	61	12	of	of	ADP
cblr-1769	61	13	securities,3	securities,3	NOUN
cblr-1769	61	14	which	which	PRON
cblr-1769	61	15	fell	fall	VERB
cblr-1769	61	16	in	in	ADP
cblr-1769	61	17	value	value	NOUN
cblr-1769	61	18	as	as	ADP
cblr-1769	61	19	a	a	DET
cblr-1769	61	20	result	result	NOUN
cblr-1769	61	21	of	of	ADP
cblr-1769	61	22	the	the	DET
cblr-1769	61	23	same	same	ADJ
cblr-1769	61	24	trends	trend	NOUN
cblr-1769	61	25	;	;	PUNCT
cblr-1769	61	26	the	the	DET
cblr-1769	61	27	plaintiffs	plaintiff	NOUN
cblr-1769	61	28	alleged	allege	VERB
cblr-1769	61	29	that	that	SCONJ
cblr-1769	61	30	the	the	DET
cblr-1769	61	31	sellers	seller	NOUN
cblr-1769	61	32	did	do	AUX
cblr-1769	61	33	not	not	PART
cblr-1769	61	34	disclose	disclose	VERB
cblr-1769	61	35	the	the	DET
cblr-1769	61	36	riskiness	riskiness	NOUN
cblr-1769	61	37	of	of	ADP
cblr-1769	61	38	the	the	DET
cblr-1769	61	39	securities	security	NOUN
cblr-1769	61	40	.	.	PUNCT
cblr-1769	62	1	the	the	DET
cblr-1769	62	2	two	two	NUM
cblr-1769	62	3	types	type	NOUN
cblr-1769	62	4	of	of	ADP
cblr-1769	62	5	investor	investor	NOUN
cblr-1769	62	6	litigation	litigation	NOUN
cblr-1769	62	7	frequently	frequently	ADV
cblr-1769	62	8	relied	rely	VERB
cblr-1769	62	9	on	on	ADP
cblr-1769	62	10	the	the	DET
cblr-1769	62	11	same	same	ADJ
cblr-1769	62	12	federal	federal	ADJ
cblr-1769	62	13	law	law	NOUN
cblr-1769	62	14	,	,	PUNCT
cblr-1769	62	15	section	section	NOUN
cblr-1769	62	16	10(b	10(b	NUM
cblr-1769	62	17	)	)	PUNCT
cblr-1769	62	18	of	of	ADP
cblr-1769	62	19	the	the	DET
cblr-1769	62	20	securities	securities	PROPN
cblr-1769	62	21	exchange	exchange	PROPN
cblr-1769	62	22	act	act	NOUN
cblr-1769	62	23	of	of	ADP
cblr-1769	62	24	1934	1934	NUM
cblr-1769	62	25	(	(	PUNCT
cblr-1769	62	26	the	the	DET
cblr-1769	62	27	“	"	PUNCT
cblr-1769	62	28	exchange	exchange	NOUN
cblr-1769	62	29	act”),4	act”),4	PROPN
cblr-1769	62	30	and	and	CCONJ
cblr-1769	62	31	arose	arise	VERB
cblr-1769	62	32	out	out	ADP
cblr-1769	62	33	of	of	ADP
cblr-1769	62	34	the	the	DET
cblr-1769	62	35	same	same	ADJ
cblr-1769	62	36	or	or	CCONJ
cblr-1769	62	37	very	very	ADV
cblr-1769	62	38	similar	similar	ADJ
cblr-1769	62	39	facts	fact	NOUN
cblr-1769	62	40	.	.	PUNCT
cblr-1769	63	1	yet	yet	CCONJ
cblr-1769	63	2	the	the	DET
cblr-1769	63	3	hurdles	hurdle	NOUN
cblr-1769	63	4	confronting	confront	VERB
cblr-1769	63	5	plaintiffs	plaintiff	NOUN
cblr-1769	63	6	were	be	AUX
cblr-1769	63	7	different	different	ADJ
cblr-1769	63	8	depending	depend	VERB
cblr-1769	63	9	on	on	ADP
cblr-1769	63	10	the	the	DET
cblr-1769	63	11	circumstances	circumstance	NOUN
cblr-1769	63	12	of	of	ADP
cblr-1769	63	13	the	the	DET
cblr-1769	63	14	purchase	purchase	NOUN
cblr-1769	63	15	.	.	PUNCT
cblr-1769	64	1	pleading	plead	VERB
cblr-1769	64	2	standards	standard	NOUN
cblr-1769	64	3	favor	favor	VERB
cblr-1769	64	4	investors	investor	NOUN
cblr-1769	64	5	who	who	PRON
cblr-1769	64	6	bought	buy	VERB
cblr-1769	64	7	through	through	ADP
cblr-1769	64	8	private	private	ADJ
cblr-1769	64	9	placements	placement	NOUN
cblr-1769	64	10	,	,	PUNCT
cblr-1769	64	11	making	make	VERB
cblr-1769	64	12	recovery	recovery	NOUN
cblr-1769	64	13	through	through	ADP
cblr-1769	64	14	litigation	litigation	NOUN
cblr-1769	64	15	potentially	potentially	ADV
cblr-1769	64	16	easier	easy	ADJ
cblr-1769	64	17	for	for	SCONJ
cblr-1769	64	18	these	these	DET
cblr-1769	64	19	investors	investor	NOUN
cblr-1769	64	20	relative	relative	ADJ
cblr-1769	64	21	to	to	ADP
cblr-1769	64	22	investors	investor	NOUN
cblr-1769	64	23	who	who	PRON
cblr-1769	64	24	did	do	AUX
cblr-1769	64	25	not	not	PART
cblr-1769	64	26	buy	buy	VERB
cblr-1769	64	27	through	through	ADP
cblr-1769	64	28	private	private	ADJ
cblr-1769	64	29	placements	placement	NOUN
cblr-1769	64	30	.	.	PUNCT
cblr-1769	65	1	an	an	DET
cblr-1769	65	2	investor	investor	NOUN
cblr-1769	65	3	who	who	PRON
cblr-1769	65	4	files	file	VERB
cblr-1769	65	5	a	a	DET
cblr-1769	65	6	lawsuit	lawsuit	NOUN
cblr-1769	65	7	alleging	allege	VERB
cblr-1769	65	8	fraud	fraud	NOUN
cblr-1769	65	9	after	after	ADP
cblr-1769	65	10	purchasing	purchase	VERB
cblr-1769	65	11	shares	share	NOUN
cblr-1769	65	12	of	of	ADP
cblr-1769	65	13	a	a	DET
cblr-1769	65	14	publicly	publicly	ADV
cblr-1769	65	15	traded	trade	VERB
cblr-1769	65	16	company	company	NOUN
cblr-1769	65	17	,	,	PUNCT
cblr-1769	65	18	either	either	CCONJ
cblr-1769	65	19	in	in	ADP
cblr-1769	65	20	an	an	DET
cblr-1769	65	21	initial	initial	ADJ
cblr-1769	65	22	public	public	ADJ
cblr-1769	65	23	offering	offering	NOUN
cblr-1769	65	24	(	(	PUNCT
cblr-1769	65	25	“	"	PUNCT
cblr-1769	65	26	ipo	ipo	NOUN
cblr-1769	65	27	”	"	PUNCT
cblr-1769	65	28	)	)	PUNCT
cblr-1769	65	29	or	or	CCONJ
cblr-1769	65	30	on	on	ADP
cblr-1769	65	31	an	an	DET
cblr-1769	65	32	exchange	exchange	NOUN
cblr-1769	65	33	,	,	PUNCT
cblr-1769	65	34	can	can	AUX
cblr-1769	65	35	typically	typically	ADV
cblr-1769	65	36	draw	draw	VERB
cblr-1769	65	37	on	on	ADP
cblr-1769	65	38	general	general	ADJ
cblr-1769	65	39	information	information	NOUN
cblr-1769	65	40	about	about	ADP
cblr-1769	65	41	the	the	DET
cblr-1769	65	42	company	company	NOUN
cblr-1769	65	43	from	from	ADP
cblr-1769	65	44	executives	executive	NOUN
cblr-1769	65	45	’	’	PART
cblr-1769	65	46	public	public	ADJ
cblr-1769	65	47	statements	statement	NOUN
cblr-1769	65	48	,	,	PUNCT
cblr-1769	65	49	periodic	periodic	ADJ
cblr-1769	65	50	reports	report	NOUN
cblr-1769	65	51	,	,	PUNCT
cblr-1769	65	52	or	or	CCONJ
cblr-1769	65	53	,	,	PUNCT
cblr-1769	65	54	in	in	ADP
cblr-1769	65	55	the	the	DET
cblr-1769	65	56	case	case	NOUN
cblr-1769	65	57	of	of	ADP
cblr-1769	65	58	an	an	DET
cblr-1769	65	59	ipo	ipo	NOUN
cblr-1769	65	60	,	,	PUNCT
cblr-1769	65	61	from	from	ADP
cblr-1769	65	62	registration	registration	NOUN
cblr-1769	65	63	materials	material	NOUN
cblr-1769	65	64	filed	file	VERB
cblr-1769	65	65	with	with	ADP
cblr-1769	65	66	regulators.5	regulators.5	PROPN
cblr-1769	65	67	an	an	DET
cblr-1769	65	68	investor	investor	NOUN
cblr-1769	65	69	who	who	PRON
cblr-1769	65	70	files	file	VERB
cblr-1769	65	71	a	a	DET
cblr-1769	65	72	lawsuit	lawsuit	NOUN
cblr-1769	65	73	alleging	allege	VERB
cblr-1769	65	74	fraud	fraud	NOUN
cblr-1769	65	75	after	after	ADP
cblr-1769	65	76	purchasing	purchase	VERB
cblr-1769	65	77	securities6	securities6	NOUN
cblr-1769	65	78	through	through	ADP
cblr-1769	65	79	a	a	DET
cblr-1769	65	80	private	private	ADJ
cblr-1769	65	81	placement	placement	NOUN
cblr-1769	65	82	(	(	PUNCT
cblr-1769	65	83	a	a	DET
cblr-1769	65	84	transaction	transaction	NOUN
cblr-1769	65	85	available	available	ADJ
cblr-1769	65	86	essentially	essentially	ADV
cblr-1769	65	87	by	by	ADP
cblr-1769	65	88	invitation	invitation	NOUN
cblr-1769	65	89	only)7	only)7	PRON
cblr-1769	65	90	can	can	AUX
cblr-1769	65	91	3	3	NUM
cblr-1769	65	92	some	some	DET
cblr-1769	65	93	investor	investor	NOUN
cblr-1769	65	94	plaintiffs	plaintiff	NOUN
cblr-1769	65	95	who	who	PRON
cblr-1769	65	96	purchased	purchase	VERB
cblr-1769	65	97	through	through	ADP
cblr-1769	65	98	private	private	ADJ
cblr-1769	65	99	placements	placement	NOUN
cblr-1769	65	100	also	also	ADV
cblr-1769	65	101	sought	seek	VERB
cblr-1769	65	102	class	class	NOUN
cblr-1769	65	103	action	action	NOUN
cblr-1769	65	104	status	status	NOUN
cblr-1769	65	105	.	.	PUNCT
cblr-1769	66	1	see	see	VERB
cblr-1769	66	2	,	,	PUNCT
cblr-1769	66	3	e.g.	e.g.	ADV
cblr-1769	66	4	,	,	PUNCT
cblr-1769	66	5	argent	argent	ADJ
cblr-1769	66	6	classic	classic	ADJ
cblr-1769	66	7	convertible	convertible	ADJ
cblr-1769	66	8	arbitrage	arbitrage	NOUN
cblr-1769	66	9	fund	fund	NOUN
cblr-1769	66	10	l.p	l.p	PROPN
cblr-1769	66	11	.	.	PROPN
cblr-1769	67	1	v.	v.	ADP
cblr-1769	67	2	countrywide	countrywide	PROPN
cblr-1769	67	3	fin	fin	PROPN
cblr-1769	67	4	.	.	PUNCT
cblr-1769	67	5	corp	corp	PROPN
cblr-1769	67	6	.	.	PROPN
cblr-1769	67	7	,	,	PUNCT
cblr-1769	67	8	no	no	INTJ
cblr-1769	67	9	.	.	PUNCT
cblr-1769	68	1	cv	cv	PROPN
cblr-1769	68	2	07	07	NUM
cblr-1769	68	3	-	-	PUNCT
cblr-1769	68	4	07097	07097	NUM
cblr-1769	68	5	mrp	mrp	PROPN
cblr-1769	68	6	,	,	PUNCT
cblr-1769	68	7	2009	2009	NUM
cblr-1769	68	8	wl	wl	SYM
cblr-1769	68	9	8572340	8572340	NUM
cblr-1769	68	10	(	(	PUNCT
cblr-1769	68	11	c.d	c.d	PROPN
cblr-1769	68	12	.	.	PROPN
cblr-1769	68	13	cal	cal	PROPN
cblr-1769	68	14	.	.	PUNCT
cblr-1769	69	1	mar	mar	PROPN
cblr-1769	69	2	.	.	PROPN
cblr-1769	69	3	19	19	NUM
cblr-1769	69	4	,	,	PUNCT
cblr-1769	69	5	2009	2009	NUM
cblr-1769	69	6	)	)	PUNCT
cblr-1769	69	7	(	(	PUNCT
cblr-1769	69	8	plaintiff	plaintiff	VERB
cblr-1769	69	9	investors	investor	NOUN
cblr-1769	69	10	seeking	seek	VERB
cblr-1769	69	11	to	to	PART
cblr-1769	69	12	represent	represent	VERB
cblr-1769	69	13	a	a	DET
cblr-1769	69	14	class	class	NOUN
cblr-1769	69	15	of	of	ADP
cblr-1769	69	16	all	all	DET
cblr-1769	69	17	purchasers	purchaser	NOUN
cblr-1769	69	18	of	of	ADP
cblr-1769	69	19	convertible	convertible	ADJ
cblr-1769	69	20	debentures	debenture	NOUN
cblr-1769	69	21	issued	issue	VERB
cblr-1769	69	22	by	by	ADP
cblr-1769	69	23	countrywide	countrywide	PROPN
cblr-1769	69	24	financial	financial	PROPN
cblr-1769	69	25	corp	corp	PROPN
cblr-1769	69	26	.	.	PROPN
cblr-1769	69	27	)	)	PUNCT
cblr-1769	69	28	.	.	PUNCT
cblr-1769	70	1	4	4	NUM
cblr-1769	70	2	securities	securities	PROPN
cblr-1769	70	3	exchange	exchange	PROPN
cblr-1769	70	4	act	act	NOUN
cblr-1769	70	5	of	of	ADP
cblr-1769	70	6	1934	1934	NUM
cblr-1769	70	7	§	§	PROPN
cblr-1769	70	8	10(b	10(b	NUM
cblr-1769	70	9	)	)	PUNCT
cblr-1769	70	10	,	,	PUNCT
cblr-1769	70	11	15	15	NUM
cblr-1769	70	12	u.s.c	u.s.c	ADJ
cblr-1769	70	13	.	.	PUNCT
cblr-1769	71	1	§	§	PROPN
cblr-1769	71	2	78j	78j	NUM
cblr-1769	71	3	(	(	PUNCT
cblr-1769	71	4	2012	2012	NUM
cblr-1769	71	5	)	)	PUNCT
cblr-1769	71	6	.	.	PUNCT
cblr-1769	72	1	5	5	NUM
cblr-1769	72	2	these	these	DET
cblr-1769	72	3	disclosures	disclosure	NOUN
cblr-1769	72	4	identify	identify	VERB
cblr-1769	72	5	the	the	DET
cblr-1769	72	6	expected	expect	VERB
cblr-1769	72	7	uses	use	NOUN
cblr-1769	72	8	of	of	ADP
cblr-1769	72	9	the	the	DET
cblr-1769	72	10	money	money	NOUN
cblr-1769	72	11	raised	raise	VERB
cblr-1769	72	12	by	by	ADP
cblr-1769	72	13	the	the	DET
cblr-1769	72	14	offering	offering	NOUN
cblr-1769	72	15	,	,	PUNCT
cblr-1769	72	16	state	state	NOUN
cblr-1769	72	17	corporate	corporate	ADJ
cblr-1769	72	18	financial	financial	ADJ
cblr-1769	72	19	status	status	NOUN
cblr-1769	72	20	and	and	CCONJ
cblr-1769	72	21	performance	performance	NOUN
cblr-1769	72	22	,	,	PUNCT
cblr-1769	72	23	specify	specify	VERB
cblr-1769	72	24	material	material	NOUN
cblr-1769	72	25	contracts	contract	NOUN
cblr-1769	72	26	,	,	PUNCT
cblr-1769	72	27	and	and	CCONJ
cblr-1769	72	28	provide	provide	VERB
cblr-1769	72	29	other	other	ADJ
cblr-1769	72	30	information	information	NOUN
cblr-1769	72	31	about	about	ADP
cblr-1769	72	32	the	the	DET
cblr-1769	72	33	company	company	NOUN
cblr-1769	72	34	and	and	CCONJ
cblr-1769	72	35	its	its	PRON
cblr-1769	72	36	business	business	NOUN
cblr-1769	72	37	.	.	PUNCT
cblr-1769	73	1	see	see	VERB
cblr-1769	73	2	15	15	NUM
cblr-1769	73	3	u.s.c	u.s.c	ADJ
cblr-1769	73	4	.	.	PUNCT
cblr-1769	74	1	§	§	PROPN
cblr-1769	74	2	77aa	77aa	PROPN
cblr-1769	74	3	.	.	PUNCT
cblr-1769	75	1	6	6	NUM
cblr-1769	75	2	this	this	PRON
cblr-1769	75	3	includes	include	VERB
cblr-1769	75	4	shares	share	NOUN
cblr-1769	75	5	or	or	CCONJ
cblr-1769	75	6	preferred	preferred	ADJ
cblr-1769	75	7	shares	share	NOUN
cblr-1769	75	8	—	—	PUNCT
cblr-1769	75	9	a	a	DET
cblr-1769	75	10	public	public	ADJ
cblr-1769	75	11	company	company	NOUN
cblr-1769	75	12	may	may	AUX
cblr-1769	75	13	sell	sell	VERB
cblr-1769	75	14	securities	security	NOUN
cblr-1769	75	15	through	through	ADP
cblr-1769	75	16	a	a	DET
cblr-1769	75	17	private	private	ADJ
cblr-1769	75	18	placement	placement	NOUN
cblr-1769	75	19	,	,	PUNCT
cblr-1769	75	20	too	too	ADV
cblr-1769	75	21	.	.	PUNCT
cblr-1769	76	1	7	7	NUM
cblr-1769	76	2	the	the	DET
cblr-1769	76	3	securities	security	NOUN
cblr-1769	76	4	and	and	CCONJ
cblr-1769	76	5	exchange	exchange	PROPN
cblr-1769	76	6	commission	commission	PROPN
cblr-1769	76	7	(	(	PUNCT
cblr-1769	76	8	“	"	PUNCT
cblr-1769	76	9	sec	sec	PROPN
cblr-1769	76	10	”	"	PUNCT
cblr-1769	76	11	)	)	PUNCT
cblr-1769	76	12	has	have	AUX
cblr-1769	76	13	released	release	VERB
cblr-1769	76	14	new	new	ADJ
cblr-1769	76	15	rules	rule	NOUN
cblr-1769	76	16	governing	govern	VERB
cblr-1769	76	17	private	private	ADJ
cblr-1769	76	18	offerings	offering	NOUN
cblr-1769	76	19	,	,	PUNCT
cblr-1769	76	20	permitting	permit	VERB
cblr-1769	76	21	general	general	ADJ
cblr-1769	76	22	solicitation	solicitation	NOUN
cblr-1769	76	23	of	of	ADP
cblr-1769	76	24	investors	investor	NOUN
cblr-1769	76	25	.	.	PUNCT
cblr-1769	77	1	see	see	VERB
cblr-1769	77	2	eliminating	eliminate	VERB
cblr-1769	77	3	the	the	DET
cblr-1769	77	4	prohibition	prohibition	NOUN
cblr-1769	77	5	against	against	ADP
cblr-1769	77	6	general	general	ADJ
cblr-1769	77	7	solicitation	solicitation	NOUN
cblr-1769	77	8	and	and	CCONJ
cblr-1769	77	9	advertising	advertising	NOUN
cblr-1769	77	10	in	in	ADP
cblr-1769	77	11	rule	rule	NOUN
cblr-1769	77	12	506	506	NUM
cblr-1769	77	13	and	and	CCONJ
cblr-1769	77	14	rule	rule	VERB
cblr-1769	77	15	144a	144a	ADJ
cblr-1769	77	16	offerings	offering	NOUN
cblr-1769	77	17	,	,	PUNCT
cblr-1769	77	18	securities	security	NOUN
cblr-1769	77	19	act	act	NOUN
cblr-1769	77	20	release	release	VERB
cblr-1769	77	21	no	no	NOUN
cblr-1769	77	22	.	.	NOUN
cblr-1769	78	1	33	33	NUM
cblr-1769	78	2	-	-	SYM
cblr-1769	78	3	9415	9415	NUM
cblr-1769	78	4	,	,	PUNCT
cblr-1769	78	5	78	78	NUM
cblr-1769	78	6	fed	feed	VERB
cblr-1769	78	7	.	.	PUNCT
cblr-1769	79	1	reg	reg	PROPN
cblr-1769	79	2	.	.	PROPN
cblr-1769	80	1	44,771	44,771	NUM
cblr-1769	80	2	(	(	PUNCT
cblr-1769	80	3	july	july	PROPN
cblr-1769	80	4	10	10	NUM
cblr-1769	80	5	,	,	PUNCT
cblr-1769	80	6	2013	2013	NUM
cblr-1769	80	7	)	)	PUNCT
cblr-1769	80	8	.	.	PUNCT
cblr-1769	81	1	while	while	SCONJ
cblr-1769	81	2	such	such	ADJ
cblr-1769	81	3	no	no	NOUN
cblr-1769	81	4	.	.	PUNCT
cblr-1769	81	5	1:47	1:47	NUM
cblr-1769	81	6	]	]	PUNCT
cblr-1769	81	7	hurdles	hurdle	NOUN
cblr-1769	81	8	of	of	ADP
cblr-1769	81	9	different	different	ADJ
cblr-1769	81	10	heights	height	NOUN
cblr-1769	81	11	51	51	NUM
cblr-1769	81	12	draw	draw	NOUN
cblr-1769	81	13	on	on	ADP
cblr-1769	81	14	transaction	transaction	NOUN
cblr-1769	81	15	-	-	PUNCT
cblr-1769	81	16	specific	specific	ADJ
cblr-1769	81	17	information	information	NOUN
cblr-1769	81	18	that	that	PRON
cblr-1769	81	19	is	be	AUX
cblr-1769	81	20	more	more	ADV
cblr-1769	81	21	detailed	detailed	ADJ
cblr-1769	81	22	and	and	CCONJ
cblr-1769	81	23	relevant	relevant	ADJ
cblr-1769	81	24	than	than	ADP
cblr-1769	81	25	disclosures	disclosure	NOUN
cblr-1769	81	26	in	in	ADP
cblr-1769	81	27	an	an	DET
cblr-1769	81	28	annual	annual	ADJ
cblr-1769	81	29	report	report	NOUN
cblr-1769	81	30	,	,	PUNCT
cblr-1769	81	31	for	for	ADP
cblr-1769	81	32	example	example	NOUN
cblr-1769	81	33	.	.	PUNCT
cblr-1769	82	1	that	that	PRON
cblr-1769	82	2	more	more	ADV
cblr-1769	82	3	specific	specific	ADJ
cblr-1769	82	4	information	information	NOUN
cblr-1769	82	5	demonstrates	demonstrate	VERB
cblr-1769	82	6	,	,	PUNCT
cblr-1769	82	7	at	at	ADP
cblr-1769	82	8	a	a	DET
cblr-1769	82	9	minimum	minimum	NOUN
cblr-1769	82	10	,	,	PUNCT
cblr-1769	82	11	a	a	DET
cblr-1769	82	12	defendant	defendant	NOUN
cblr-1769	82	13	seller	seller	NOUN
cblr-1769	82	14	’s	’s	PART
cblr-1769	82	15	interest	interest	NOUN
cblr-1769	82	16	in	in	ADP
cblr-1769	82	17	persuading	persuade	VERB
cblr-1769	82	18	the	the	DET
cblr-1769	82	19	plaintiff	plaintiff	NOUN
cblr-1769	82	20	to	to	ADP
cblr-1769	82	21	invest.8	invest.8	PROPN
cblr-1769	82	22	this	this	DET
cblr-1769	82	23	article	article	NOUN
cblr-1769	82	24	contends	contend	VERB
cblr-1769	82	25	that	that	SCONJ
cblr-1769	82	26	this	this	DET
cblr-1769	82	27	information	information	NOUN
cblr-1769	82	28	disparity	disparity	NOUN
cblr-1769	82	29	puts	put	VERB
cblr-1769	82	30	the	the	DET
cblr-1769	82	31	second	second	ADJ
cblr-1769	82	32	plaintiff	plaintiff	NOUN
cblr-1769	82	33	in	in	ADP
cblr-1769	82	34	a	a	DET
cblr-1769	82	35	better	well	ADJ
cblr-1769	82	36	position	position	NOUN
cblr-1769	82	37	to	to	PART
cblr-1769	82	38	provide	provide	VERB
cblr-1769	82	39	a	a	DET
cblr-1769	82	40	sufficiently	sufficiently	ADV
cblr-1769	82	41	persuasive	persuasive	ADJ
cblr-1769	82	42	story	story	NOUN
cblr-1769	82	43	to	to	PART
cblr-1769	82	44	satisfy	satisfy	VERB
cblr-1769	82	45	the	the	DET
cblr-1769	82	46	pleading	pleading	NOUN
cblr-1769	82	47	requirements	requirement	NOUN
cblr-1769	82	48	applicable	applicable	ADJ
cblr-1769	82	49	to	to	ADP
cblr-1769	82	50	claims	claim	NOUN
cblr-1769	82	51	under	under	ADP
cblr-1769	82	52	section	section	NOUN
cblr-1769	82	53	10(b	10(b	NUM
cblr-1769	82	54	)	)	PUNCT
cblr-1769	82	55	.	.	PUNCT
cblr-1769	83	1	the	the	DET
cblr-1769	83	2	hurdle	hurdle	NOUN
cblr-1769	83	3	for	for	ADP
cblr-1769	83	4	an	an	DET
cblr-1769	83	5	investor	investor	NOUN
cblr-1769	83	6	who	who	PRON
cblr-1769	83	7	bought	buy	VERB
cblr-1769	83	8	on	on	ADP
cblr-1769	83	9	an	an	DET
cblr-1769	83	10	exchange	exchange	NOUN
cblr-1769	83	11	or	or	CCONJ
cblr-1769	83	12	in	in	ADP
cblr-1769	83	13	an	an	DET
cblr-1769	83	14	ipo	ipo	NOUN
cblr-1769	83	15	is	be	AUX
cblr-1769	83	16	too	too	ADV
cblr-1769	83	17	high	high	ADJ
cblr-1769	83	18	,	,	PUNCT
cblr-1769	83	19	while	while	SCONJ
cblr-1769	83	20	the	the	DET
cblr-1769	83	21	hurdle	hurdle	NOUN
cblr-1769	83	22	for	for	ADP
cblr-1769	83	23	the	the	DET
cblr-1769	83	24	investor	investor	NOUN
cblr-1769	83	25	who	who	PRON
cblr-1769	83	26	bought	buy	VERB
cblr-1769	83	27	through	through	ADP
cblr-1769	83	28	a	a	DET
cblr-1769	83	29	private	private	ADJ
cblr-1769	83	30	placement	placement	NOUN
cblr-1769	83	31	is	be	AUX
cblr-1769	83	32	too	too	ADV
cblr-1769	83	33	low	low	ADJ
cblr-1769	83	34	.	.	PUNCT
cblr-1769	84	1	overall	overall	ADV
cblr-1769	84	2	,	,	PUNCT
cblr-1769	84	3	the	the	DET
cblr-1769	84	4	disparity	disparity	NOUN
cblr-1769	84	5	is	be	AUX
cblr-1769	84	6	one	one	NUM
cblr-1769	84	7	more	more	ADJ
cblr-1769	84	8	way	way	NOUN
cblr-1769	84	9	that	that	PRON
cblr-1769	84	10	the	the	DET
cblr-1769	84	11	law	law	NOUN
cblr-1769	84	12	creates	create	VERB
cblr-1769	84	13	an	an	DET
cblr-1769	84	14	incentive	incentive	NOUN
cblr-1769	84	15	to	to	PART
cblr-1769	84	16	use	use	VERB
cblr-1769	84	17	private	private	ADJ
cblr-1769	84	18	placements	placement	NOUN
cblr-1769	84	19	.	.	PUNCT
cblr-1769	85	1	the	the	DET
cblr-1769	85	2	difference	difference	NOUN
cblr-1769	85	3	in	in	ADP
cblr-1769	85	4	treatment	treatment	NOUN
cblr-1769	85	5	of	of	ADP
cblr-1769	85	6	claims	claim	NOUN
cblr-1769	85	7	arising	arise	VERB
cblr-1769	85	8	from	from	ADP
cblr-1769	85	9	different	different	ADJ
cblr-1769	85	10	types	type	NOUN
cblr-1769	85	11	of	of	ADP
cblr-1769	85	12	transactions	transaction	NOUN
cblr-1769	85	13	is	be	AUX
cblr-1769	85	14	a	a	DET
cblr-1769	85	15	symptom	symptom	NOUN
cblr-1769	85	16	of	of	ADP
cblr-1769	85	17	a	a	DET
cblr-1769	85	18	larger	large	ADJ
cblr-1769	85	19	problem	problem	NOUN
cblr-1769	85	20	,	,	PUNCT
cblr-1769	85	21	that	that	PRON
cblr-1769	85	22	of	of	ADP
cblr-1769	85	23	financial	financial	ADJ
cblr-1769	85	24	markets	market	NOUN
cblr-1769	85	25	outpacing	outpace	VERB
cblr-1769	85	26	their	their	PRON
cblr-1769	85	27	legal	legal	ADJ
cblr-1769	85	28	and	and	CCONJ
cblr-1769	85	29	regulatory	regulatory	ADJ
cblr-1769	85	30	framework	framework	NOUN
cblr-1769	85	31	.	.	PUNCT
cblr-1769	86	1	congress	congress	PROPN
cblr-1769	86	2	was	be	AUX
cblr-1769	86	3	concerned	concern	VERB
cblr-1769	86	4	with	with	ADP
cblr-1769	86	5	protecting	protect	VERB
cblr-1769	86	6	public	public	ADJ
cblr-1769	86	7	company	company	NOUN
cblr-1769	86	8	shareholders	shareholder	NOUN
cblr-1769	86	9	when	when	SCONJ
cblr-1769	86	10	it	it	PRON
cblr-1769	86	11	adopted	adopt	VERB
cblr-1769	86	12	the	the	DET
cblr-1769	86	13	antifraud	antifraud	PROPN
cblr-1769	86	14	provisions	provision	NOUN
cblr-1769	86	15	of	of	ADP
cblr-1769	86	16	the	the	DET
cblr-1769	86	17	exchange	exchange	NOUN
cblr-1769	86	18	act.9	act.9	NOUN
cblr-1769	86	19	lawmakers	lawmaker	NOUN
cblr-1769	86	20	did	do	AUX
cblr-1769	86	21	not	not	PART
cblr-1769	86	22	offer	offer	VERB
cblr-1769	86	23	a	a	DET
cblr-1769	86	24	rationale	rationale	NOUN
cblr-1769	86	25	for	for	ADP
cblr-1769	86	26	discriminating	discriminate	VERB
cblr-1769	86	27	against	against	ADP
cblr-1769	86	28	investors	investor	NOUN
cblr-1769	86	29	who	who	PRON
cblr-1769	86	30	buy	buy	VERB
cblr-1769	86	31	shares	share	NOUN
cblr-1769	86	32	of	of	ADP
cblr-1769	86	33	companies	company	NOUN
cblr-1769	86	34	through	through	ADP
cblr-1769	86	35	transactions	transaction	NOUN
cblr-1769	86	36	accessible	accessible	ADJ
cblr-1769	86	37	to	to	ADP
cblr-1769	86	38	the	the	DET
cblr-1769	86	39	investing	invest	VERB
cblr-1769	86	40	public	public	NOUN
cblr-1769	86	41	compared	compare	VERB
cblr-1769	86	42	to	to	ADP
cblr-1769	86	43	investors	investor	NOUN
cblr-1769	86	44	in	in	ADP
cblr-1769	86	45	private	private	ADJ
cblr-1769	86	46	solicitation	solicitation	NOUN
cblr-1769	86	47	is	be	AUX
cblr-1769	86	48	now	now	ADV
cblr-1769	86	49	permitted	permit	VERB
cblr-1769	86	50	,	,	PUNCT
cblr-1769	86	51	participation	participation	NOUN
cblr-1769	86	52	in	in	ADP
cblr-1769	86	53	the	the	DET
cblr-1769	86	54	private	private	ADJ
cblr-1769	86	55	placement	placement	NOUN
cblr-1769	86	56	is	be	AUX
cblr-1769	86	57	still	still	ADV
cblr-1769	86	58	restricted	restrict	VERB
cblr-1769	86	59	to	to	PART
cblr-1769	86	60	accredited	accredit	VERB
cblr-1769	86	61	and/or	and/or	CCONJ
cblr-1769	86	62	sophisticated	sophisticated	ADJ
cblr-1769	86	63	investors	investor	NOUN
cblr-1769	86	64	.	.	PUNCT
cblr-1769	87	1	8	8	NUM
cblr-1769	87	2	prior	prior	ADV
cblr-1769	87	3	to	to	ADP
cblr-1769	87	4	a	a	DET
cblr-1769	87	5	private	private	ADJ
cblr-1769	87	6	placement	placement	NOUN
cblr-1769	87	7	,	,	PUNCT
cblr-1769	87	8	potential	potential	ADJ
cblr-1769	87	9	buyers	buyer	NOUN
cblr-1769	87	10	typically	typically	ADV
cblr-1769	87	11	receive	receive	VERB
cblr-1769	87	12	documentation	documentation	NOUN
cblr-1769	87	13	describing	describe	VERB
cblr-1769	87	14	the	the	DET
cblr-1769	87	15	transaction	transaction	NOUN
cblr-1769	87	16	in	in	ADP
cblr-1769	87	17	detail	detail	NOUN
cblr-1769	87	18	.	.	PUNCT
cblr-1769	88	1	buyers	buyer	NOUN
cblr-1769	88	2	may	may	AUX
cblr-1769	88	3	attend	attend	VERB
cblr-1769	88	4	presentations	presentation	NOUN
cblr-1769	88	5	on	on	ADP
cblr-1769	88	6	the	the	DET
cblr-1769	88	7	securities	security	NOUN
cblr-1769	88	8	to	to	PART
cblr-1769	88	9	be	be	AUX
cblr-1769	88	10	sold	sell	VERB
cblr-1769	88	11	and	and	CCONJ
cblr-1769	88	12	may	may	AUX
cblr-1769	88	13	ask	ask	VERB
cblr-1769	88	14	for	for	ADP
cblr-1769	88	15	and	and	CCONJ
cblr-1769	88	16	receive	receive	VERB
cblr-1769	88	17	additional	additional	ADJ
cblr-1769	88	18	information	information	NOUN
cblr-1769	88	19	to	to	PART
cblr-1769	88	20	enable	enable	VERB
cblr-1769	88	21	better	well	ADJ
cblr-1769	88	22	analysis	analysis	NOUN
cblr-1769	88	23	of	of	ADP
cblr-1769	88	24	the	the	DET
cblr-1769	88	25	securities	security	NOUN
cblr-1769	88	26	’	'	PUNCT
cblr-1769	88	27	value	value	NOUN
cblr-1769	88	28	and	and	CCONJ
cblr-1769	88	29	riskiness	riskiness	NOUN
cblr-1769	88	30	.	.	PUNCT
cblr-1769	89	1	see	see	VERB
cblr-1769	89	2	infra	infra	NOUN
cblr-1769	89	3	section	section	NOUN
cblr-1769	89	4	iv.a	iv.a	VERB
cblr-1769	89	5	.	.	PUNCT
cblr-1769	90	1	9	9	NUM
cblr-1769	90	2	see	see	VERB
cblr-1769	90	3	steve	steve	PROPN
cblr-1769	90	4	thel	thel	PROPN
cblr-1769	90	5	,	,	PUNCT
cblr-1769	90	6	the	the	DET
cblr-1769	90	7	original	original	ADJ
cblr-1769	90	8	conception	conception	NOUN
cblr-1769	90	9	of	of	ADP
cblr-1769	90	10	section	section	NOUN
cblr-1769	90	11	10(b	10(b	NUM
cblr-1769	90	12	)	)	PUNCT
cblr-1769	90	13	of	of	ADP
cblr-1769	90	14	the	the	DET
cblr-1769	90	15	securities	securities	PROPN
cblr-1769	90	16	exchange	exchange	PROPN
cblr-1769	90	17	act	act	PROPN
cblr-1769	90	18	,	,	PUNCT
cblr-1769	90	19	42	42	NUM
cblr-1769	90	20	stan	stan	PROPN
cblr-1769	90	21	.	.	PUNCT
cblr-1769	91	1	l.	l.	PROPN
cblr-1769	91	2	rev	rev	PROPN
cblr-1769	91	3	.	.	PROPN
cblr-1769	91	4	385	385	NUM
cblr-1769	91	5	,	,	PUNCT
cblr-1769	91	6	394–95	394–95	NUM
cblr-1769	91	7	(	(	PUNCT
cblr-1769	91	8	1990	1990	NUM
cblr-1769	91	9	)	)	PUNCT
cblr-1769	91	10	(	(	PUNCT
cblr-1769	91	11	describing	describe	VERB
cblr-1769	91	12	how	how	SCONJ
cblr-1769	91	13	in	in	ADP
cblr-1769	91	14	the	the	DET
cblr-1769	91	15	years	year	NOUN
cblr-1769	91	16	before	before	ADP
cblr-1769	91	17	the	the	DET
cblr-1769	91	18	adoption	adoption	NOUN
cblr-1769	91	19	of	of	ADP
cblr-1769	91	20	the	the	DET
cblr-1769	91	21	exchange	exchange	NOUN
cblr-1769	91	22	act	act	NOUN
cblr-1769	91	23	,	,	PUNCT
cblr-1769	91	24	“	"	PUNCT
cblr-1769	91	25	pressure	pressure	NOUN
cblr-1769	91	26	was	be	AUX
cblr-1769	91	27	mounting	mount	VERB
cblr-1769	91	28	for	for	ADP
cblr-1769	91	29	public	public	ADJ
cblr-1769	91	30	control	control	NOUN
cblr-1769	91	31	of	of	ADP
cblr-1769	91	32	the	the	DET
cblr-1769	91	33	practices	practice	NOUN
cblr-1769	91	34	of	of	ADP
cblr-1769	91	35	those	those	PRON
cblr-1769	91	36	who	who	PRON
cblr-1769	91	37	sold	sell	VERB
cblr-1769	91	38	corporate	corporate	ADJ
cblr-1769	91	39	securities	security	NOUN
cblr-1769	91	40	to	to	ADP
cblr-1769	91	41	public	public	ADJ
cblr-1769	91	42	investors	investor	NOUN
cblr-1769	91	43	”	"	PUNCT
cblr-1769	91	44	)	)	PUNCT
cblr-1769	91	45	.	.	PUNCT
cblr-1769	92	1	private	private	ADJ
cblr-1769	92	2	offerings	offering	NOUN
cblr-1769	92	3	have	have	AUX
cblr-1769	92	4	grown	grow	VERB
cblr-1769	92	5	in	in	ADP
cblr-1769	92	6	importance	importance	NOUN
cblr-1769	92	7	in	in	ADP
cblr-1769	92	8	recent	recent	ADJ
cblr-1769	92	9	years	year	NOUN
cblr-1769	92	10	;	;	PUNCT
cblr-1769	92	11	in	in	ADP
cblr-1769	92	12	1981	1981	NUM
cblr-1769	92	13	,	,	PUNCT
cblr-1769	92	14	about	about	ADV
cblr-1769	92	15	$	$	SYM
cblr-1769	92	16	12	12	NUM
cblr-1769	92	17	billion	billion	NUM
cblr-1769	92	18	of	of	ADP
cblr-1769	92	19	securities	security	NOUN
cblr-1769	92	20	were	be	AUX
cblr-1769	92	21	offered	offer	VERB
cblr-1769	92	22	through	through	ADP
cblr-1769	92	23	private	private	ADJ
cblr-1769	92	24	placements	placement	NOUN
cblr-1769	92	25	,	,	PUNCT
cblr-1769	92	26	while	while	SCONJ
cblr-1769	92	27	in	in	ADP
cblr-1769	92	28	2010	2010	NUM
cblr-1769	92	29	,	,	PUNCT
cblr-1769	92	30	the	the	DET
cblr-1769	92	31	figure	figure	NOUN
cblr-1769	92	32	exceeded	exceed	VERB
cblr-1769	92	33	$	$	SYM
cblr-1769	92	34	900	900	NUM
cblr-1769	92	35	billion	billion	NUM
cblr-1769	92	36	.	.	PUNCT
cblr-1769	93	1	see	see	VERB
cblr-1769	93	2	elisse	elisse	PROPN
cblr-1769	93	3	b.	b.	PROPN
cblr-1769	93	4	walter	walter	PROPN
cblr-1769	93	5	,	,	PUNCT
cblr-1769	93	6	comm’r	comm’r	ADP
cblr-1769	93	7	,	,	PUNCT
cblr-1769	93	8	sec	sec	PROPN
cblr-1769	93	9	,	,	PUNCT
cblr-1769	93	10	remarks	remark	NOUN
cblr-1769	93	11	at	at	ADP
cblr-1769	93	12	the	the	DET
cblr-1769	93	13	2011	2011	NUM
cblr-1769	93	14	sec	sec	PROPN
cblr-1769	93	15	government	government	NOUN
cblr-1769	93	16	-	-	PUNCT
cblr-1769	93	17	business	business	NOUN
cblr-1769	93	18	forum	forum	NOUN
cblr-1769	93	19	on	on	ADP
cblr-1769	93	20	small	small	ADJ
cblr-1769	93	21	business	business	NOUN
cblr-1769	93	22	capital	capital	NOUN
cblr-1769	93	23	formation	formation	NOUN
cblr-1769	93	24	(	(	PUNCT
cblr-1769	93	25	nov	nov	PROPN
cblr-1769	93	26	.	.	PROPN
cblr-1769	93	27	17	17	NUM
cblr-1769	93	28	,	,	PUNCT
cblr-1769	93	29	2011	2011	NUM
cblr-1769	93	30	)	)	PUNCT
cblr-1769	93	31	(	(	PUNCT
cblr-1769	93	32	transcript	transcript	NOUN
cblr-1769	93	33	available	available	ADJ
cblr-1769	93	34	at	at	ADP
cblr-1769	93	35	http://www.sec.gov/news/speech/	http://www.sec.gov/news/speech/	PROPN
cblr-1769	93	36	2011	2011	NUM
cblr-1769	93	37	/	/	SYM
cblr-1769	93	38	spch111711ebw.htm	spch111711ebw.htm	PROPN
cblr-1769	93	39	)	)	PUNCT
cblr-1769	93	40	.	.	PUNCT
cblr-1769	94	1	52	52	NUM
cblr-1769	94	2	columbia	columbia	PROPN
cblr-1769	94	3	business	business	NOUN
cblr-1769	94	4	law	law	PROPN
cblr-1769	94	5	review	review	NOUN
cblr-1769	95	1	[	[	X
cblr-1769	95	2	vol	vol	NOUN
cblr-1769	95	3	.	.	PUNCT
cblr-1769	95	4	2014	2014	NUM
cblr-1769	95	5	placements.10	placements.10	ADJ
cblr-1769	95	6	subsequent	subsequent	ADJ
cblr-1769	95	7	legislative	legislative	ADJ
cblr-1769	95	8	action	action	NOUN
cblr-1769	95	9	that	that	PRON
cblr-1769	95	10	hinders	hinder	VERB
cblr-1769	95	11	shareholder	shareholder	NOUN
cblr-1769	95	12	lawsuits	lawsuit	NOUN
cblr-1769	95	13	is	be	AUX
cblr-1769	95	14	the	the	DET
cblr-1769	95	15	result	result	NOUN
cblr-1769	95	16	of	of	ADP
cblr-1769	95	17	advocacy	advocacy	NOUN
cblr-1769	95	18	for	for	ADP
cblr-1769	95	19	restrictions	restriction	NOUN
cblr-1769	95	20	that	that	PRON
cblr-1769	95	21	protect	protect	VERB
cblr-1769	95	22	public	public	ADJ
cblr-1769	95	23	companies	company	NOUN
cblr-1769	95	24	from	from	ADP
cblr-1769	95	25	potentially	potentially	ADV
cblr-1769	95	26	costly	costly	ADJ
cblr-1769	95	27	litigation	litigation	NOUN
cblr-1769	95	28	.	.	PUNCT
cblr-1769	96	1	this	this	DET
cblr-1769	96	2	article	article	NOUN
cblr-1769	96	3	argues	argue	VERB
cblr-1769	96	4	that	that	SCONJ
cblr-1769	96	5	disparate	disparate	ADJ
cblr-1769	96	6	treatment	treatment	NOUN
cblr-1769	96	7	of	of	ADP
cblr-1769	96	8	investors	investor	NOUN
cblr-1769	96	9	in	in	ADP
cblr-1769	96	10	publicly	publicly	ADV
cblr-1769	96	11	accessible	accessible	ADJ
cblr-1769	96	12	transactions	transaction	NOUN
cblr-1769	96	13	,	,	PUNCT
cblr-1769	96	14	as	as	SCONJ
cblr-1769	96	15	compared	compare	VERB
cblr-1769	96	16	to	to	ADP
cblr-1769	96	17	investors	investor	NOUN
cblr-1769	96	18	in	in	ADP
cblr-1769	96	19	instruments	instrument	NOUN
cblr-1769	96	20	sold	sell	VERB
cblr-1769	96	21	through	through	ADP
cblr-1769	96	22	private	private	ADJ
cblr-1769	96	23	transactions	transaction	NOUN
cblr-1769	96	24	,	,	PUNCT
cblr-1769	96	25	not	not	PART
cblr-1769	96	26	only	only	ADV
cblr-1769	96	27	lacks	lack	VERB
cblr-1769	96	28	justification	justification	NOUN
cblr-1769	96	29	,	,	PUNCT
cblr-1769	96	30	but	but	CCONJ
cblr-1769	96	31	in	in	ADP
cblr-1769	96	32	fact	fact	NOUN
cblr-1769	96	33	may	may	AUX
cblr-1769	96	34	undermine	undermine	VERB
cblr-1769	96	35	protection	protection	NOUN
cblr-1769	96	36	of	of	ADP
cblr-1769	96	37	investors	investor	NOUN
cblr-1769	96	38	who	who	PRON
cblr-1769	96	39	are	be	AUX
cblr-1769	96	40	more	more	ADV
cblr-1769	96	41	vulnerable	vulnerable	ADJ
cblr-1769	96	42	to	to	ADP
cblr-1769	96	43	fraud	fraud	NOUN
cblr-1769	96	44	.	.	PUNCT
cblr-1769	97	1	investors	investor	NOUN
cblr-1769	97	2	that	that	PRON
cblr-1769	97	3	buy	buy	VERB
cblr-1769	97	4	shares	share	NOUN
cblr-1769	97	5	through	through	ADP
cblr-1769	97	6	a	a	DET
cblr-1769	97	7	publicly	publicly	ADV
cblr-1769	97	8	accessible	accessible	ADJ
cblr-1769	97	9	transaction	transaction	NOUN
cblr-1769	97	10	(	(	PUNCT
cblr-1769	97	11	herein	herein	NOUN
cblr-1769	97	12	referred	refer	VERB
cblr-1769	97	13	to	to	ADP
cblr-1769	97	14	as	as	ADP
cblr-1769	97	15	“	"	PUNCT
cblr-1769	97	16	outsider	outsider	NOUN
cblr-1769	97	17	”	"	PUNCT
cblr-1769	97	18	investors	investor	NOUN
cblr-1769	97	19	)	)	PUNCT
cblr-1769	97	20	typically	typically	ADV
cblr-1769	97	21	receive	receive	VERB
cblr-1769	97	22	less	less	ADV
cblr-1769	97	23	detailed	detailed	ADJ
cblr-1769	97	24	and	and	CCONJ
cblr-1769	97	25	less	less	ADJ
cblr-1769	97	26	transaction	transaction	NOUN
cblr-1769	97	27	-	-	PUNCT
cblr-1769	97	28	specific	specific	ADJ
cblr-1769	97	29	information	information	NOUN
cblr-1769	97	30	than	than	SCONJ
cblr-1769	97	31	do	do	VERB
cblr-1769	97	32	private	private	ADJ
cblr-1769	97	33	placement	placement	NOUN
cblr-1769	97	34	investors	investor	NOUN
cblr-1769	97	35	(	(	PUNCT
cblr-1769	97	36	“	"	PUNCT
cblr-1769	97	37	connected	connected	ADJ
cblr-1769	97	38	”	"	PUNCT
cblr-1769	97	39	investors	investor	NOUN
cblr-1769	97	40	)	)	PUNCT
cblr-1769	97	41	.	.	PUNCT
cblr-1769	98	1	because	because	SCONJ
cblr-1769	98	2	of	of	ADP
cblr-1769	98	3	the	the	DET
cblr-1769	98	4	different	different	ADJ
cblr-1769	98	5	information	information	NOUN
cblr-1769	98	6	provided	provide	VERB
cblr-1769	98	7	to	to	ADP
cblr-1769	98	8	them	they	PRON
cblr-1769	98	9	,	,	PUNCT
cblr-1769	98	10	outsider	outsider	NOUN
cblr-1769	98	11	investors	investor	NOUN
cblr-1769	98	12	may	may	AUX
cblr-1769	98	13	have	have	VERB
cblr-1769	98	14	more	more	ADJ
cblr-1769	98	15	difficulty	difficulty	NOUN
cblr-1769	98	16	assessing	assess	VERB
cblr-1769	98	17	the	the	DET
cblr-1769	98	18	likelihood	likelihood	NOUN
cblr-1769	98	19	of	of	ADP
cblr-1769	98	20	fraud	fraud	NOUN
cblr-1769	98	21	.	.	PUNCT
cblr-1769	99	1	if	if	SCONJ
cblr-1769	99	2	pleading	plead	VERB
cblr-1769	99	3	standards	standard	NOUN
cblr-1769	99	4	hinder	hinder	VERB
cblr-1769	99	5	outsider	outsider	NOUN
cblr-1769	99	6	investors’11	investors’11	NOUN
cblr-1769	99	7	efforts	effort	NOUN
cblr-1769	99	8	to	to	PART
cblr-1769	99	9	recover	recover	VERB
cblr-1769	99	10	through	through	ADP
cblr-1769	99	11	litigation	litigation	NOUN
cblr-1769	99	12	,	,	PUNCT
cblr-1769	99	13	relative	relative	ADJ
cblr-1769	99	14	to	to	ADP
cblr-1769	99	15	other	other	ADJ
cblr-1769	99	16	investors	investor	NOUN
cblr-1769	99	17	,	,	PUNCT
cblr-1769	99	18	then	then	ADV
cblr-1769	99	19	the	the	DET
cblr-1769	99	20	standards	standard	NOUN
cblr-1769	99	21	further	far	ADV
cblr-1769	99	22	weaken	weaken	VERB
cblr-1769	99	23	investors	investor	NOUN
cblr-1769	99	24	already	already	ADV
cblr-1769	99	25	at	at	ADP
cblr-1769	99	26	an	an	DET
cblr-1769	99	27	informational	informational	ADJ
cblr-1769	99	28	disadvantage	disadvantage	NOUN
cblr-1769	99	29	and	and	CCONJ
cblr-1769	99	30	reduce	reduce	VERB
cblr-1769	99	31	the	the	DET
cblr-1769	99	32	likelihood	likelihood	NOUN
cblr-1769	99	33	of	of	ADP
cblr-1769	99	34	realizing	realize	VERB
cblr-1769	99	35	positive	positive	ADJ
cblr-1769	99	36	externalities	externality	NOUN
cblr-1769	99	37	that	that	SCONJ
cblr-1769	99	38	some	some	DET
cblr-1769	99	39	scholars	scholar	NOUN
cblr-1769	99	40	have	have	AUX
cblr-1769	99	41	identified	identify	VERB
cblr-1769	99	42	as	as	ADP
cblr-1769	99	43	benefits	benefit	NOUN
cblr-1769	99	44	of	of	ADP
cblr-1769	99	45	shareholder	shareholder	NOUN
cblr-1769	99	46	lawsuits.12	lawsuits.12	NOUN
cblr-1769	99	47	the	the	DET
cblr-1769	99	48	disparity	disparity	NOUN
cblr-1769	99	49	matters	matter	VERB
cblr-1769	99	50	because	because	SCONJ
cblr-1769	99	51	of	of	ADP
cblr-1769	99	52	the	the	DET
cblr-1769	99	53	rapid	rapid	ADJ
cblr-1769	99	54	growth	growth	NOUN
cblr-1769	99	55	in	in	ADP
cblr-1769	99	56	private	private	ADJ
cblr-1769	99	57	offerings	offering	NOUN
cblr-1769	99	58	in	in	ADP
cblr-1769	99	59	recent	recent	ADJ
cblr-1769	99	60	years	year	NOUN
cblr-1769	99	61	and	and	CCONJ
cblr-1769	99	62	the	the	DET
cblr-1769	99	63	increasing	increase	VERB
cblr-1769	99	64	frequency	frequency	NOUN
cblr-1769	99	65	of	of	ADP
cblr-1769	99	66	participation	participation	NOUN
cblr-1769	99	67	in	in	ADP
cblr-1769	99	68	such	such	ADJ
cblr-1769	99	69	investments	investment	NOUN
cblr-1769	99	70	by	by	ADP
cblr-1769	99	71	institutions	institution	NOUN
cblr-1769	99	72	like	like	ADP
cblr-1769	99	73	public	public	ADJ
cblr-1769	99	74	pension	pension	NOUN
cblr-1769	99	75	funds.13	funds.13	NOUN
cblr-1769	99	76	10	10	NUM
cblr-1769	99	77	the	the	DET
cblr-1769	99	78	supreme	supreme	PROPN
cblr-1769	99	79	court	court	PROPN
cblr-1769	99	80	has	have	AUX
cblr-1769	99	81	addressed	address	VERB
cblr-1769	99	82	the	the	DET
cblr-1769	99	83	private	private	ADJ
cblr-1769	99	84	right	right	NOUN
cblr-1769	99	85	of	of	ADP
cblr-1769	99	86	action	action	NOUN
cblr-1769	99	87	under	under	ADP
cblr-1769	99	88	the	the	DET
cblr-1769	99	89	exchange	exchange	NOUN
cblr-1769	99	90	act	act	NOUN
cblr-1769	99	91	in	in	ADP
cblr-1769	99	92	oblique	oblique	ADJ
cblr-1769	99	93	fashion	fashion	NOUN
cblr-1769	99	94	,	,	PUNCT
cblr-1769	99	95	without	without	ADP
cblr-1769	99	96	articulating	articulate	VERB
cblr-1769	99	97	a	a	DET
cblr-1769	99	98	rationale	rationale	NOUN
cblr-1769	99	99	that	that	PRON
cblr-1769	99	100	might	might	AUX
cblr-1769	99	101	explain	explain	VERB
cblr-1769	99	102	differential	differential	ADJ
cblr-1769	99	103	treatment	treatment	NOUN
cblr-1769	99	104	.	.	PUNCT
cblr-1769	100	1	see	see	VERB
cblr-1769	100	2	superintendent	superintendent	NOUN
cblr-1769	100	3	of	of	ADP
cblr-1769	100	4	ins	ins	PROPN
cblr-1769	100	5	.	.	PROPN
cblr-1769	100	6	of	of	ADP
cblr-1769	100	7	n.y	n.y	PROPN
cblr-1769	100	8	.	.	PROPN
cblr-1769	101	1	v.	v.	PROPN
cblr-1769	101	2	bankers	bankers	PROPN
cblr-1769	101	3	life	life	PROPN
cblr-1769	101	4	&	&	CCONJ
cblr-1769	101	5	cas	cas	PROPN
cblr-1769	101	6	.	.	PROPN
cblr-1769	101	7	co.	co.	PROPN
cblr-1769	101	8	,	,	PUNCT
cblr-1769	101	9	404	404	NUM
cblr-1769	101	10	u.s	u.s	PROPN
cblr-1769	101	11	.	.	PROPN
cblr-1769	101	12	6	6	NUM
cblr-1769	101	13	,	,	PUNCT
cblr-1769	101	14	13	13	NUM
cblr-1769	101	15	n.9	n.9	X
cblr-1769	101	16	(	(	PUNCT
cblr-1769	101	17	1971	1971	NUM
cblr-1769	101	18	)	)	PUNCT
cblr-1769	101	19	(	(	PUNCT
cblr-1769	101	20	observing	observe	VERB
cblr-1769	101	21	in	in	ADP
cblr-1769	101	22	a	a	DET
cblr-1769	101	23	footnote	footnote	NOUN
cblr-1769	101	24	that	that	SCONJ
cblr-1769	101	25	“	"	PUNCT
cblr-1769	101	26	[	[	X
cblr-1769	101	27	i]t	i]t	NOUN
cblr-1769	101	28	is	be	AUX
cblr-1769	101	29	now	now	ADV
cblr-1769	101	30	established	establish	VERB
cblr-1769	101	31	that	that	SCONJ
cblr-1769	101	32	a	a	DET
cblr-1769	101	33	private	private	ADJ
cblr-1769	101	34	right	right	NOUN
cblr-1769	101	35	of	of	ADP
cblr-1769	101	36	action	action	NOUN
cblr-1769	101	37	is	be	AUX
cblr-1769	101	38	implied	imply	VERB
cblr-1769	101	39	under	under	ADP
cblr-1769	101	40	§	§	PROPN
cblr-1769	101	41	10(b	10(b	NUM
cblr-1769	101	42	)	)	PUNCT
cblr-1769	101	43	”	"	PUNCT
cblr-1769	101	44	and	and	CCONJ
cblr-1769	101	45	citing	cite	VERB
cblr-1769	101	46	two	two	NUM
cblr-1769	101	47	prior	prior	ADJ
cblr-1769	101	48	supreme	supreme	PROPN
cblr-1769	101	49	court	court	PROPN
cblr-1769	101	50	cases	case	NOUN
cblr-1769	101	51	,	,	PUNCT
cblr-1769	101	52	only	only	ADV
cblr-1769	101	53	one	one	NUM
cblr-1769	101	54	of	of	ADP
cblr-1769	101	55	which	which	PRON
cblr-1769	101	56	(	(	PUNCT
cblr-1769	101	57	tcherepnin	tcherepnin	NOUN
cblr-1769	101	58	v.	v.	ADP
cblr-1769	101	59	knight	knight	NOUN
cblr-1769	101	60	,	,	PUNCT
cblr-1769	101	61	389	389	NUM
cblr-1769	101	62	u.s	u.s	PROPN
cblr-1769	101	63	.	.	PROPN
cblr-1769	101	64	332	332	NUM
cblr-1769	101	65	(	(	PUNCT
cblr-1769	101	66	1967	1967	NUM
cblr-1769	101	67	)	)	PUNCT
cblr-1769	101	68	)	)	PUNCT
cblr-1769	101	69	involved	involve	VERB
cblr-1769	101	70	a	a	DET
cblr-1769	101	71	§	§	PROPN
cblr-1769	101	72	10(b	10(b	NUM
cblr-1769	101	73	)	)	PUNCT
cblr-1769	101	74	claim	claim	NOUN
cblr-1769	101	75	;	;	PUNCT
cblr-1769	101	76	that	that	DET
cblr-1769	101	77	case	case	NOUN
cblr-1769	101	78	also	also	ADV
cblr-1769	101	79	took	take	VERB
cblr-1769	101	80	for	for	ADP
cblr-1769	101	81	granted	grant	VERB
cblr-1769	101	82	that	that	SCONJ
cblr-1769	101	83	a	a	DET
cblr-1769	101	84	private	private	ADJ
cblr-1769	101	85	right	right	NOUN
cblr-1769	101	86	of	of	ADP
cblr-1769	101	87	action	action	NOUN
cblr-1769	101	88	existed	exist	VERB
cblr-1769	101	89	)	)	PUNCT
cblr-1769	101	90	.	.	PUNCT
cblr-1769	102	1	11	11	NUM
cblr-1769	102	2	in	in	ADP
cblr-1769	102	3	this	this	DET
cblr-1769	102	4	article	article	NOUN
cblr-1769	102	5	,	,	PUNCT
cblr-1769	102	6	“	"	PUNCT
cblr-1769	102	7	shareholders	shareholder	NOUN
cblr-1769	102	8	”	"	PUNCT
cblr-1769	102	9	refers	refer	VERB
cblr-1769	102	10	to	to	ADP
cblr-1769	102	11	investors	investor	NOUN
cblr-1769	102	12	who	who	PRON
cblr-1769	102	13	hold	hold	VERB
cblr-1769	102	14	shares	share	NOUN
cblr-1769	102	15	of	of	ADP
cblr-1769	102	16	publicly	publicly	ADV
cblr-1769	102	17	traded	trade	VERB
cblr-1769	102	18	companies	company	NOUN
cblr-1769	102	19	,	,	PUNCT
cblr-1769	102	20	when	when	SCONJ
cblr-1769	102	21	those	those	DET
cblr-1769	102	22	shares	share	NOUN
cblr-1769	102	23	were	be	AUX
cblr-1769	102	24	purchased	purchase	VERB
cblr-1769	102	25	through	through	ADP
cblr-1769	102	26	a	a	DET
cblr-1769	102	27	transaction	transaction	NOUN
cblr-1769	102	28	available	available	ADJ
cblr-1769	102	29	to	to	ADP
cblr-1769	102	30	the	the	DET
cblr-1769	102	31	investing	investing	NOUN
cblr-1769	102	32	public	public	NOUN
cblr-1769	102	33	.	.	PUNCT
cblr-1769	103	1	12	12	NUM
cblr-1769	103	2	see	see	VERB
cblr-1769	103	3	infra	infra	NOUN
cblr-1769	103	4	part	part	NOUN
cblr-1769	103	5	ii.b	ii.b	NOUN
cblr-1769	103	6	.	.	PROPN
cblr-1769	104	1	13	13	NUM
cblr-1769	104	2	see	see	VERB
cblr-1769	104	3	vlad	vlad	VERB
cblr-1769	104	4	ivanov	ivanov	PROPN
cblr-1769	104	5	and	and	CCONJ
cblr-1769	104	6	scott	scott	PROPN
cblr-1769	104	7	bauguess	bauguess	PROPN
cblr-1769	104	8	,	,	PUNCT
cblr-1769	104	9	capital	capital	NOUN
cblr-1769	104	10	raising	raising	NOUN
cblr-1769	104	11	in	in	ADP
cblr-1769	104	12	the	the	DET
cblr-1769	104	13	u.s	u.s	PROPN
cblr-1769	104	14	.	.	PROPN
cblr-1769	104	15	:	:	PUNCT
cblr-1769	105	1	the	the	DET
cblr-1769	105	2	significance	significance	NOUN
cblr-1769	105	3	of	of	ADP
cblr-1769	105	4	unregistered	unregistered	ADJ
cblr-1769	105	5	offerings	offering	NOUN
cblr-1769	105	6	using	use	VERB
cblr-1769	105	7	the	the	DET
cblr-1769	105	8	regulation	regulation	NOUN
cblr-1769	105	9	d	d	NOUN
cblr-1769	105	10	exemption	exemption	NOUN
cblr-1769	105	11	,	,	PUNCT
cblr-1769	105	12	1	1	NUM
cblr-1769	105	13	,	,	PUNCT
cblr-1769	105	14	3	3	NUM
cblr-1769	105	15	(	(	PUNCT
cblr-1769	105	16	feb	feb	PROPN
cblr-1769	105	17	.	.	PROPN
cblr-1769	105	18	2012	2012	NUM
cblr-1769	105	19	)	)	PUNCT
cblr-1769	105	20	,	,	PUNCT
cblr-1769	105	21	no	no	INTJ
cblr-1769	105	22	.	.	PUNCT
cblr-1769	106	1	1:47	1:47	NUM
cblr-1769	106	2	]	]	PUNCT
cblr-1769	106	3	hurdles	hurdle	NOUN
cblr-1769	106	4	of	of	ADP
cblr-1769	106	5	different	different	ADJ
cblr-1769	106	6	heights	height	NOUN
cblr-1769	106	7	53	53	NUM
cblr-1769	106	8	litigation	litigation	NOUN
cblr-1769	106	9	between	between	ADP
cblr-1769	106	10	buyers	buyer	NOUN
cblr-1769	106	11	and	and	CCONJ
cblr-1769	106	12	sellers	seller	NOUN
cblr-1769	106	13	in	in	ADP
cblr-1769	106	14	private	private	ADJ
cblr-1769	106	15	placements	placement	NOUN
cblr-1769	106	16	has	have	AUX
cblr-1769	106	17	received	receive	VERB
cblr-1769	106	18	less	less	ADJ
cblr-1769	106	19	scholarly	scholarly	ADJ
cblr-1769	106	20	attention	attention	NOUN
cblr-1769	106	21	than	than	ADP
cblr-1769	106	22	shareholder	shareholder	NOUN
cblr-1769	106	23	class	class	NOUN
cblr-1769	106	24	actions	action	NOUN
cblr-1769	106	25	;	;	PUNCT
cblr-1769	106	26	post	post	ADJ
cblr-1769	106	27	-	-	ADJ
cblr-1769	106	28	private	private	ADJ
cblr-1769	106	29	placement	placement	NOUN
cblr-1769	106	30	litigation	litigation	NOUN
cblr-1769	106	31	clearly	clearly	ADV
cblr-1769	106	32	benefits	benefit	VERB
cblr-1769	106	33	the	the	DET
cblr-1769	106	34	successful	successful	ADJ
cblr-1769	106	35	plaintiff	plaintiff	NOUN
cblr-1769	106	36	but	but	CCONJ
cblr-1769	106	37	less	less	ADV
cblr-1769	106	38	obviously	obviously	ADV
cblr-1769	106	39	helps	help	VERB
cblr-1769	106	40	anyone	anyone	PRON
cblr-1769	106	41	else.14	else.14	ADP
cblr-1769	106	42	this	this	DET
cblr-1769	106	43	article	article	NOUN
cblr-1769	106	44	proposes	propose	VERB
cblr-1769	106	45	an	an	DET
cblr-1769	106	46	overhaul	overhaul	NOUN
cblr-1769	106	47	of	of	ADP
cblr-1769	106	48	pleading	plead	VERB
cblr-1769	106	49	standards	standard	NOUN
cblr-1769	106	50	applicable	applicable	ADJ
cblr-1769	106	51	to	to	PART
cblr-1769	106	52	fraud	fraud	VERB
cblr-1769	106	53	claims	claim	NOUN
cblr-1769	106	54	to	to	PART
cblr-1769	106	55	ease	ease	VERB
cblr-1769	106	56	the	the	DET
cblr-1769	106	57	path	path	NOUN
cblr-1769	106	58	to	to	ADP
cblr-1769	106	59	recovery	recovery	NOUN
cblr-1769	106	60	for	for	ADP
cblr-1769	106	61	plaintiffs	plaintiff	NOUN
cblr-1769	106	62	with	with	ADP
cblr-1769	106	63	less	less	ADJ
cblr-1769	106	64	pre	pre	ADJ
cblr-1769	106	65	-	-	ADJ
cblr-1769	106	66	transaction	transaction	ADJ
cblr-1769	106	67	access	access	NOUN
cblr-1769	106	68	to	to	ADP
cblr-1769	106	69	information	information	NOUN
cblr-1769	106	70	and	and	CCONJ
cblr-1769	106	71	to	to	PART
cblr-1769	106	72	make	make	VERB
cblr-1769	106	73	more	more	ADV
cblr-1769	106	74	precise	precise	ADJ
cblr-1769	106	75	the	the	DET
cblr-1769	106	76	pleading	pleading	NOUN
cblr-1769	106	77	requirements	requirement	NOUN
cblr-1769	106	78	that	that	SCONJ
cblr-1769	106	79	investors	investor	NOUN
cblr-1769	106	80	with	with	ADP
cblr-1769	106	81	relatively	relatively	ADV
cblr-1769	106	82	greater	great	ADJ
cblr-1769	106	83	access	access	NOUN
cblr-1769	106	84	to	to	ADP
cblr-1769	106	85	information	information	NOUN
cblr-1769	106	86	must	must	AUX
cblr-1769	106	87	meet	meet	VERB
cblr-1769	106	88	.	.	PUNCT
cblr-1769	107	1	this	this	DET
cblr-1769	107	2	article	article	NOUN
cblr-1769	107	3	is	be	AUX
cblr-1769	107	4	a	a	DET
cblr-1769	107	5	building	building	NOUN
cblr-1769	107	6	block	block	NOUN
cblr-1769	107	7	in	in	ADP
cblr-1769	107	8	a	a	DET
cblr-1769	107	9	larger	large	ADJ
cblr-1769	107	10	project	project	NOUN
cblr-1769	107	11	exploring	explore	VERB
cblr-1769	107	12	the	the	DET
cblr-1769	107	13	implications	implication	NOUN
cblr-1769	107	14	of	of	ADP
cblr-1769	107	15	the	the	DET
cblr-1769	107	16	evolution	evolution	NOUN
cblr-1769	107	17	of	of	ADP
cblr-1769	107	18	the	the	DET
cblr-1769	107	19	financial	financial	ADJ
cblr-1769	107	20	markets	market	NOUN
cblr-1769	107	21	,	,	PUNCT
cblr-1769	107	22	a	a	DET
cblr-1769	107	23	topic	topic	NOUN
cblr-1769	107	24	approached	approach	VERB
cblr-1769	107	25	from	from	ADP
cblr-1769	107	26	different	different	ADJ
cblr-1769	107	27	angles	angle	NOUN
cblr-1769	107	28	by	by	ADP
cblr-1769	107	29	scholars	scholar	NOUN
cblr-1769	107	30	including	include	VERB
cblr-1769	107	31	steven	steven	PROPN
cblr-1769	107	32	l.	l.	PROPN
cblr-1769	107	33	schwarcz,15	schwarcz,15	PROPN
cblr-1769	107	34	steven	steven	PROPN
cblr-1769	107	35	davidoff,16	davidoff,16	PROPN
cblr-1769	107	36	usha	usha	PROPN
cblr-1769	107	37	rodrigues,17	rodrigues,17	PROPN
cblr-1769	107	38	and	and	CCONJ
cblr-1769	107	39	elizabeth	elizabeth	PROPN
cblr-1769	107	40	pollman,18	pollman,18	PROPN
cblr-1769	107	41	http://www.sec.gov/info/smallbus/acsec/acsec103111_analysis-reg-doffering.pdf	http://www.sec.gov/info/smallbus/acsec/acsec103111_analysis-reg-doffering.pdf	PROPN
cblr-1769	107	42	(	(	PUNCT
cblr-1769	107	43	finding	find	VERB
cblr-1769	107	44	that	that	SCONJ
cblr-1769	107	45	,	,	PUNCT
cblr-1769	107	46	for	for	ADP
cblr-1769	107	47	example	example	NOUN
cblr-1769	107	48	,	,	PUNCT
cblr-1769	107	49	private	private	ADJ
cblr-1769	107	50	offerings	offering	NOUN
cblr-1769	107	51	pursuant	pursuant	VERB
cblr-1769	107	52	to	to	ADP
cblr-1769	107	53	regulation	regulation	NOUN
cblr-1769	107	54	d	d	NOUN
cblr-1769	107	55	raised	raise	VERB
cblr-1769	107	56	more	more	ADJ
cblr-1769	107	57	capital	capital	NOUN
cblr-1769	107	58	than	than	SCONJ
cblr-1769	107	59	did	do	VERB
cblr-1769	107	60	debt	debt	NOUN
cblr-1769	107	61	offerings	offering	NOUN
cblr-1769	107	62	in	in	ADP
cblr-1769	107	63	2010	2010	NUM
cblr-1769	107	64	;	;	PUNCT
cblr-1769	107	65	such	such	ADJ
cblr-1769	107	66	offerings	offering	NOUN
cblr-1769	107	67	also	also	ADV
cblr-1769	107	68	raised	raise	VERB
cblr-1769	107	69	more	more	ADJ
cblr-1769	107	70	than	than	ADP
cblr-1769	107	71	twice	twice	ADV
cblr-1769	107	72	as	as	ADV
cblr-1769	107	73	much	much	ADJ
cblr-1769	107	74	as	as	ADP
cblr-1769	107	75	public	public	ADJ
cblr-1769	107	76	equity	equity	NOUN
cblr-1769	107	77	offerings	offering	NOUN
cblr-1769	107	78	)	)	PUNCT
cblr-1769	107	79	.	.	PUNCT
cblr-1769	108	1	14	14	NUM
cblr-1769	108	2	indeed	indeed	ADV
cblr-1769	108	3	,	,	PUNCT
cblr-1769	108	4	i	i	PRON
cblr-1769	108	5	will	will	AUX
cblr-1769	108	6	argue	argue	VERB
cblr-1769	108	7	that	that	SCONJ
cblr-1769	108	8	these	these	DET
cblr-1769	108	9	lawsuits	lawsuit	NOUN
cblr-1769	108	10	,	,	PUNCT
cblr-1769	108	11	when	when	SCONJ
cblr-1769	108	12	decided	decide	VERB
cblr-1769	108	13	wrongly	wrongly	ADV
cblr-1769	108	14	or	or	CCONJ
cblr-1769	108	15	perhaps	perhaps	ADV
cblr-1769	108	16	even	even	ADV
cblr-1769	108	17	inconsistently	inconsistently	ADV
cblr-1769	108	18	,	,	PUNCT
cblr-1769	108	19	may	may	AUX
cblr-1769	108	20	create	create	VERB
cblr-1769	108	21	a	a	DET
cblr-1769	108	22	negative	negative	ADJ
cblr-1769	108	23	externality	externality	NOUN
cblr-1769	108	24	by	by	ADP
cblr-1769	108	25	affecting	affect	VERB
cblr-1769	108	26	the	the	DET
cblr-1769	108	27	incentives	incentive	NOUN
cblr-1769	108	28	of	of	ADP
cblr-1769	108	29	parties	party	NOUN
cblr-1769	108	30	to	to	ADP
cblr-1769	108	31	securities	security	NOUN
cblr-1769	108	32	transactions	transaction	NOUN
cblr-1769	108	33	to	to	PART
cblr-1769	108	34	disclose	disclose	VERB
cblr-1769	108	35	or	or	CCONJ
cblr-1769	108	36	to	to	PART
cblr-1769	108	37	conduct	conduct	VERB
cblr-1769	108	38	due	due	ADJ
cblr-1769	108	39	diligence	diligence	NOUN
cblr-1769	108	40	.	.	PUNCT
cblr-1769	109	1	see	see	VERB
cblr-1769	109	2	infra	infra	NOUN
cblr-1769	109	3	part	part	NOUN
cblr-1769	109	4	iv.b.1	iv.b.1	NOUN
cblr-1769	109	5	.	.	PROPN
cblr-1769	109	6	15	15	NUM
cblr-1769	109	7	see	see	VERB
cblr-1769	109	8	,	,	PUNCT
cblr-1769	109	9	e.g.	e.g.	ADV
cblr-1769	109	10	,	,	PUNCT
cblr-1769	109	11	steven	steven	PROPN
cblr-1769	109	12	l.	l.	PROPN
cblr-1769	109	13	schwarcz	schwarcz	PROPN
cblr-1769	109	14	,	,	PUNCT
cblr-1769	109	15	disclosure	disclosure	NOUN
cblr-1769	109	16	’s	’s	PART
cblr-1769	109	17	failure	failure	NOUN
cblr-1769	109	18	in	in	ADP
cblr-1769	109	19	the	the	DET
cblr-1769	109	20	subprime	subprime	ADJ
cblr-1769	109	21	mortgage	mortgage	NOUN
cblr-1769	109	22	crisis	crisis	NOUN
cblr-1769	109	23	,	,	PUNCT
cblr-1769	109	24	2008	2008	NUM
cblr-1769	109	25	utah	utah	PROPN
cblr-1769	109	26	l.	l.	PROPN
cblr-1769	109	27	rev	rev	PROPN
cblr-1769	109	28	.	.	PROPN
cblr-1769	109	29	1109	1109	NUM
cblr-1769	109	30	,	,	PUNCT
cblr-1769	109	31	1115	1115	NUM
cblr-1769	109	32	(	(	PUNCT
cblr-1769	109	33	2008	2008	NUM
cblr-1769	109	34	)	)	PUNCT
cblr-1769	109	35	(	(	PUNCT
cblr-1769	109	36	questioning	question	VERB
cblr-1769	109	37	the	the	DET
cblr-1769	109	38	efficacy	efficacy	NOUN
cblr-1769	109	39	of	of	ADP
cblr-1769	109	40	a	a	DET
cblr-1769	109	41	securities	security	NOUN
cblr-1769	109	42	regulation	regulation	NOUN
cblr-1769	109	43	regime	regime	NOUN
cblr-1769	109	44	that	that	PRON
cblr-1769	109	45	makes	make	VERB
cblr-1769	109	46	disclosure	disclosure	NOUN
cblr-1769	109	47	a	a	DET
cblr-1769	109	48	priority	priority	NOUN
cblr-1769	109	49	when	when	SCONJ
cblr-1769	109	50	the	the	DET
cblr-1769	109	51	financial	financial	ADJ
cblr-1769	109	52	crisis	crisis	NOUN
cblr-1769	109	53	suggests	suggest	VERB
cblr-1769	109	54	that	that	SCONJ
cblr-1769	109	55	purchasers	purchaser	NOUN
cblr-1769	109	56	of	of	ADP
cblr-1769	109	57	risky	risky	ADJ
cblr-1769	109	58	securities	security	NOUN
cblr-1769	109	59	did	do	AUX
cblr-1769	109	60	not	not	PART
cblr-1769	109	61	understand	understand	VERB
cblr-1769	109	62	the	the	DET
cblr-1769	109	63	information	information	NOUN
cblr-1769	109	64	disclosed	disclose	VERB
cblr-1769	109	65	)	)	PUNCT
cblr-1769	109	66	.	.	PUNCT
cblr-1769	110	1	16	16	NUM
cblr-1769	110	2	see	see	VERB
cblr-1769	110	3	,	,	PUNCT
cblr-1769	110	4	e.g.	e.g.	ADV
cblr-1769	110	5	,	,	PUNCT
cblr-1769	110	6	steven	steven	PROPN
cblr-1769	110	7	m.	m.	PROPN
cblr-1769	110	8	davidoff	davidoff	PROPN
cblr-1769	110	9	,	,	PUNCT
cblr-1769	110	10	paradigm	paradigm	NOUN
cblr-1769	110	11	shift	shift	NOUN
cblr-1769	110	12	:	:	PUNCT
cblr-1769	110	13	federal	federal	ADJ
cblr-1769	110	14	securities	security	NOUN
cblr-1769	110	15	regulation	regulation	NOUN
cblr-1769	110	16	in	in	ADP
cblr-1769	110	17	the	the	DET
cblr-1769	110	18	new	new	ADJ
cblr-1769	110	19	millennium	millennium	NOUN
cblr-1769	110	20	,	,	PUNCT
cblr-1769	110	21	2	2	NUM
cblr-1769	110	22	brook	brook	NOUN
cblr-1769	110	23	.	.	PUNCT
cblr-1769	111	1	j.	j.	PROPN
cblr-1769	111	2	corp	corp	PROPN
cblr-1769	111	3	.	.	PROPN
cblr-1769	111	4	fin	fin	PROPN
cblr-1769	111	5	.	.	PUNCT
cblr-1769	111	6	&	&	CCONJ
cblr-1769	111	7	com	com	PROPN
cblr-1769	111	8	.	.	PROPN
cblr-1769	111	9	l.	l.	PROPN
cblr-1769	111	10	339	339	NUM
cblr-1769	111	11	,	,	PUNCT
cblr-1769	111	12	340	340	NUM
cblr-1769	111	13	(	(	PUNCT
cblr-1769	111	14	2008	2008	NUM
cblr-1769	111	15	)	)	PUNCT
cblr-1769	111	16	(	(	PUNCT
cblr-1769	111	17	describing	describe	VERB
cblr-1769	111	18	changes	change	NOUN
cblr-1769	111	19	in	in	ADP
cblr-1769	111	20	capital	capital	NOUN
cblr-1769	111	21	markets	market	NOUN
cblr-1769	111	22	as	as	ADP
cblr-1769	111	23	a	a	DET
cblr-1769	111	24	result	result	NOUN
cblr-1769	111	25	of	of	ADP
cblr-1769	111	26	growth	growth	NOUN
cblr-1769	111	27	of	of	ADP
cblr-1769	111	28	private	private	ADJ
cblr-1769	111	29	exchanges	exchange	NOUN
cblr-1769	111	30	,	,	PUNCT
cblr-1769	111	31	growing	grow	VERB
cblr-1769	111	32	role	role	NOUN
cblr-1769	111	33	of	of	ADP
cblr-1769	111	34	institutional	institutional	ADJ
cblr-1769	111	35	investors	investor	NOUN
cblr-1769	111	36	and	and	CCONJ
cblr-1769	111	37	rapid	rapid	ADJ
cblr-1769	111	38	innovation	innovation	NOUN
cblr-1769	111	39	,	,	PUNCT
cblr-1769	111	40	and	and	CCONJ
cblr-1769	111	41	identifying	identify	VERB
cblr-1769	111	42	failures	failure	NOUN
cblr-1769	111	43	of	of	ADP
cblr-1769	111	44	federal	federal	ADJ
cblr-1769	111	45	securities	security	NOUN
cblr-1769	111	46	regulation	regulation	NOUN
cblr-1769	111	47	to	to	PART
cblr-1769	111	48	keep	keep	VERB
cblr-1769	111	49	pace	pace	NOUN
cblr-1769	111	50	)	)	PUNCT
cblr-1769	111	51	.	.	PUNCT
cblr-1769	112	1	17	17	NUM
cblr-1769	112	2	professor	professor	NOUN
cblr-1769	112	3	rodrigues	rodrigue	NOUN
cblr-1769	112	4	has	have	AUX
cblr-1769	112	5	cited	cite	VERB
cblr-1769	112	6	the	the	DET
cblr-1769	112	7	growth	growth	NOUN
cblr-1769	112	8	in	in	ADP
cblr-1769	112	9	exempt	exempt	ADJ
cblr-1769	112	10	transactions	transaction	NOUN
cblr-1769	112	11	in	in	ADP
cblr-1769	112	12	calling	call	VERB
cblr-1769	112	13	for	for	ADP
cblr-1769	112	14	greater	great	ADJ
cblr-1769	112	15	access	access	NOUN
cblr-1769	112	16	by	by	ADP
cblr-1769	112	17	retail	retail	ADJ
cblr-1769	112	18	investors	investor	NOUN
cblr-1769	112	19	to	to	ADP
cblr-1769	112	20	private	private	ADJ
cblr-1769	112	21	placements	placement	NOUN
cblr-1769	112	22	.	.	PUNCT
cblr-1769	113	1	see	see	VERB
cblr-1769	113	2	usha	usha	PROPN
cblr-1769	113	3	rodrigues	rodrigues	PROPN
cblr-1769	113	4	,	,	PUNCT
cblr-1769	113	5	securities	security	NOUN
cblr-1769	113	6	law	law	NOUN
cblr-1769	113	7	’s	’s	PART
cblr-1769	113	8	dirty	dirty	ADJ
cblr-1769	113	9	little	little	ADJ
cblr-1769	113	10	secret	secret	ADJ
cblr-1769	113	11	,	,	PUNCT
cblr-1769	113	12	81	81	NUM
cblr-1769	113	13	fordham	fordham	PROPN
cblr-1769	113	14	l.	l.	PROPN
cblr-1769	113	15	rev	rev	PROPN
cblr-1769	113	16	.	.	PROPN
cblr-1769	113	17	3389	3389	NUM
cblr-1769	113	18	,	,	PUNCT
cblr-1769	113	19	3417–23	3417–23	NUM
cblr-1769	113	20	(	(	PUNCT
cblr-1769	113	21	2013	2013	NUM
cblr-1769	113	22	)	)	PUNCT
cblr-1769	113	23	.	.	PUNCT
cblr-1769	114	1	18	18	NUM
cblr-1769	114	2	professor	professor	NOUN
cblr-1769	114	3	pollman	pollman	NOUN
cblr-1769	114	4	has	have	AUX
cblr-1769	114	5	raised	raise	VERB
cblr-1769	114	6	a	a	DET
cblr-1769	114	7	host	host	NOUN
cblr-1769	114	8	of	of	ADP
cblr-1769	114	9	difficult	difficult	ADJ
cblr-1769	114	10	questions	question	NOUN
cblr-1769	114	11	about	about	ADP
cblr-1769	114	12	the	the	DET
cblr-1769	114	13	implications	implication	NOUN
cblr-1769	114	14	of	of	ADP
cblr-1769	114	15	secondary	secondary	ADJ
cblr-1769	114	16	markets	market	NOUN
cblr-1769	114	17	for	for	ADP
cblr-1769	114	18	trading	trading	NOUN
cblr-1769	114	19	of	of	ADP
cblr-1769	114	20	shares	share	NOUN
cblr-1769	114	21	of	of	ADP
cblr-1769	114	22	privately	privately	ADV
cblr-1769	114	23	held	hold	VERB
cblr-1769	114	24	companies	company	NOUN
cblr-1769	114	25	,	,	PUNCT
cblr-1769	114	26	another	another	DET
cblr-1769	114	27	financial	financial	ADJ
cblr-1769	114	28	market	market	NOUN
cblr-1769	114	29	innovation	innovation	NOUN
cblr-1769	114	30	that	that	PRON
cblr-1769	114	31	poses	pose	VERB
cblr-1769	114	32	a	a	DET
cblr-1769	114	33	challenge	challenge	NOUN
cblr-1769	114	34	to	to	ADP
cblr-1769	114	35	the	the	DET
cblr-1769	114	36	existing	exist	VERB
cblr-1769	114	37	law	law	NOUN
cblr-1769	114	38	and	and	CCONJ
cblr-1769	114	39	regulation	regulation	NOUN
cblr-1769	114	40	of	of	ADP
cblr-1769	114	41	securities	security	NOUN
cblr-1769	114	42	.	.	PUNCT
cblr-1769	115	1	see	see	VERB
cblr-1769	115	2	elizabeth	elizabeth	PROPN
cblr-1769	115	3	pollman	pollman	PROPN
cblr-1769	115	4	,	,	PUNCT
cblr-1769	115	5	information	information	NOUN
cblr-1769	115	6	issues	issue	NOUN
cblr-1769	115	7	on	on	ADP
cblr-1769	115	8	wall	wall	PROPN
cblr-1769	115	9	street	street	PROPN
cblr-1769	115	10	2.0	2.0	NUM
cblr-1769	115	11	,	,	PUNCT
cblr-1769	115	12	161	161	NUM
cblr-1769	115	13	u.	u.	NOUN
cblr-1769	115	14	pa	pa	PROPN
cblr-1769	115	15	.	.	PUNCT
cblr-1769	115	16	l.	l.	PROPN
cblr-1769	115	17	rev	rev	PROPN
cblr-1769	115	18	.	.	PROPN
cblr-1769	115	19	179	179	NUM
cblr-1769	115	20	,	,	PUNCT
cblr-1769	115	21	206	206	NUM
cblr-1769	115	22	(	(	PUNCT
cblr-1769	115	23	2012	2012	NUM
cblr-1769	115	24	)	)	PUNCT
cblr-1769	115	25	.	.	PUNCT
cblr-1769	116	1	54	54	NUM
cblr-1769	116	2	columbia	columbia	PROPN
cblr-1769	116	3	business	business	NOUN
cblr-1769	116	4	law	law	PROPN
cblr-1769	116	5	review	review	NOUN
cblr-1769	117	1	[	[	X
cblr-1769	117	2	vol	vol	NOUN
cblr-1769	117	3	.	.	PUNCT
cblr-1769	117	4	2014	2014	NUM
cblr-1769	117	5	among	among	ADP
cblr-1769	117	6	others	other	NOUN
cblr-1769	117	7	.	.	PUNCT
cblr-1769	118	1	it	it	PRON
cblr-1769	118	2	also	also	ADV
cblr-1769	118	3	attempts	attempt	VERB
cblr-1769	118	4	to	to	PART
cblr-1769	118	5	evaluate	evaluate	VERB
cblr-1769	118	6	how	how	SCONJ
cblr-1769	118	7	well	well	ADV
cblr-1769	118	8	current	current	ADJ
cblr-1769	118	9	legal	legal	ADJ
cblr-1769	118	10	and	and	CCONJ
cblr-1769	118	11	regulatory	regulatory	ADJ
cblr-1769	118	12	mechanisms	mechanism	NOUN
cblr-1769	118	13	protect	protect	VERB
cblr-1769	118	14	investors	investor	NOUN
cblr-1769	118	15	and	and	CCONJ
cblr-1769	118	16	enhance	enhance	VERB
cblr-1769	118	17	stability	stability	NOUN
cblr-1769	118	18	for	for	ADP
cblr-1769	118	19	the	the	DET
cblr-1769	118	20	identification	identification	NOUN
cblr-1769	118	21	of	of	ADP
cblr-1769	118	22	potential	potential	ADJ
cblr-1769	118	23	securities	security	NOUN
cblr-1769	118	24	fraud	fraud	NOUN
cblr-1769	118	25	.	.	PUNCT
cblr-1769	119	1	the	the	DET
cblr-1769	119	2	article	article	NOUN
cblr-1769	119	3	links	link	VERB
cblr-1769	119	4	these	these	DET
cblr-1769	119	5	conversations	conversation	NOUN
cblr-1769	119	6	within	within	ADP
cblr-1769	119	7	securities	security	NOUN
cblr-1769	119	8	law	law	NOUN
cblr-1769	119	9	and	and	CCONJ
cblr-1769	119	10	conversations	conversation	NOUN
cblr-1769	119	11	outside	outside	ADV
cblr-1769	119	12	of	of	ADP
cblr-1769	119	13	securities	security	NOUN
cblr-1769	119	14	law	law	NOUN
cblr-1769	119	15	involving	involve	VERB
cblr-1769	119	16	access	access	NOUN
cblr-1769	119	17	to	to	ADP
cblr-1769	119	18	justice	justice	NOUN
cblr-1769	119	19	and	and	CCONJ
cblr-1769	119	20	raises	raise	VERB
cblr-1769	119	21	questions	question	NOUN
cblr-1769	119	22	about	about	ADP
cblr-1769	119	23	who	who	PRON
cblr-1769	119	24	is	be	AUX
cblr-1769	119	25	best	well	ADV
cblr-1769	119	26	placed	place	VERB
cblr-1769	119	27	to	to	PART
cblr-1769	119	28	prevent	prevent	VERB
cblr-1769	119	29	,	,	PUNCT
cblr-1769	119	30	or	or	CCONJ
cblr-1769	119	31	at	at	ADP
cblr-1769	119	32	least	least	ADJ
cblr-1769	119	33	detect	detect	VERB
cblr-1769	119	34	,	,	PUNCT
cblr-1769	119	35	fraud	fraud	NOUN
cblr-1769	119	36	.	.	PUNCT
cblr-1769	120	1	in	in	ADP
cblr-1769	120	2	a	a	DET
cblr-1769	120	3	future	future	ADJ
cblr-1769	120	4	article	article	NOUN
cblr-1769	120	5	,	,	PUNCT
cblr-1769	120	6	i	i	PRON
cblr-1769	120	7	intend	intend	VERB
cblr-1769	120	8	to	to	PART
cblr-1769	120	9	examine	examine	VERB
cblr-1769	120	10	the	the	DET
cblr-1769	120	11	role	role	NOUN
cblr-1769	120	12	that	that	PRON
cblr-1769	120	13	the	the	DET
cblr-1769	120	14	regime	regime	NOUN
cblr-1769	120	15	for	for	ADP
cblr-1769	120	16	classification	classification	NOUN
cblr-1769	120	17	of	of	ADP
cblr-1769	120	18	accredited	accredit	VERB
cblr-1769	120	19	investors	investor	NOUN
cblr-1769	120	20	may	may	AUX
cblr-1769	120	21	have	have	AUX
cblr-1769	120	22	played	play	VERB
cblr-1769	120	23	in	in	ADP
cblr-1769	120	24	the	the	DET
cblr-1769	120	25	financial	financial	ADJ
cblr-1769	120	26	crisis	crisis	NOUN
cblr-1769	120	27	and	and	CCONJ
cblr-1769	120	28	propose	propose	VERB
cblr-1769	120	29	reforms	reform	NOUN
cblr-1769	120	30	.	.	PUNCT
cblr-1769	121	1	the	the	DET
cblr-1769	121	2	following	follow	VERB
cblr-1769	121	3	discussion	discussion	NOUN
cblr-1769	121	4	has	have	VERB
cblr-1769	121	5	five	five	NUM
cblr-1769	121	6	parts	part	NOUN
cblr-1769	121	7	.	.	PUNCT
cblr-1769	122	1	part	part	PROPN
cblr-1769	122	2	ii	ii	PROPN
cblr-1769	122	3	describes	describe	VERB
cblr-1769	122	4	criticisms	criticism	NOUN
cblr-1769	122	5	and	and	CCONJ
cblr-1769	122	6	offers	offer	VERB
cblr-1769	122	7	justifications	justification	NOUN
cblr-1769	122	8	for	for	ADP
cblr-1769	122	9	private	private	ADJ
cblr-1769	122	10	securities	security	NOUN
cblr-1769	122	11	litigation	litigation	NOUN
cblr-1769	122	12	.	.	PUNCT
cblr-1769	123	1	the	the	DET
cblr-1769	123	2	difference	difference	NOUN
cblr-1769	123	3	in	in	ADP
cblr-1769	123	4	pleading	plead	VERB
cblr-1769	123	5	standards	standard	NOUN
cblr-1769	123	6	confronting	confront	VERB
cblr-1769	123	7	plaintiffs	plaintiff	NOUN
cblr-1769	123	8	in	in	ADP
cblr-1769	123	9	securities	security	NOUN
cblr-1769	123	10	fraud	fraud	NOUN
cblr-1769	123	11	cases	case	NOUN
cblr-1769	123	12	raises	raise	VERB
cblr-1769	123	13	a	a	DET
cblr-1769	123	14	significant	significant	ADJ
cblr-1769	123	15	and	and	CCONJ
cblr-1769	123	16	difficult	difficult	ADJ
cblr-1769	123	17	question	question	NOUN
cblr-1769	123	18	:	:	PUNCT
cblr-1769	123	19	what	what	PRON
cblr-1769	123	20	is	be	AUX
cblr-1769	123	21	the	the	DET
cblr-1769	123	22	proper	proper	ADJ
cblr-1769	123	23	role	role	NOUN
cblr-1769	123	24	of	of	ADP
cblr-1769	123	25	private	private	ADJ
cblr-1769	123	26	litigation	litigation	NOUN
cblr-1769	123	27	in	in	ADP
cblr-1769	123	28	constraining	constrain	VERB
cblr-1769	123	29	financial	financial	ADJ
cblr-1769	123	30	market	market	NOUN
cblr-1769	123	31	misconduct	misconduct	NOUN
cblr-1769	123	32	?	?	PUNCT
cblr-1769	124	1	answering	answer	VERB
cblr-1769	124	2	that	that	DET
cblr-1769	124	3	question	question	NOUN
cblr-1769	124	4	is	be	AUX
cblr-1769	124	5	not	not	PART
cblr-1769	124	6	easy	easy	ADJ
cblr-1769	124	7	,	,	PUNCT
cblr-1769	124	8	although	although	SCONJ
cblr-1769	124	9	it	it	PRON
cblr-1769	124	10	is	be	AUX
cblr-1769	124	11	clear	clear	ADJ
cblr-1769	124	12	that	that	SCONJ
cblr-1769	124	13	private	private	ADJ
cblr-1769	124	14	litigation	litigation	NOUN
cblr-1769	124	15	represents	represent	VERB
cblr-1769	124	16	an	an	DET
cblr-1769	124	17	important	important	ADJ
cblr-1769	124	18	ex	ex	ADJ
cblr-1769	124	19	post	post	NOUN
cblr-1769	124	20	response	response	NOUN
cblr-1769	124	21	to	to	ADP
cblr-1769	124	22	fraud	fraud	NOUN
cblr-1769	124	23	.	.	PUNCT
cblr-1769	125	1	part	part	NOUN
cblr-1769	125	2	ii	ii	PROPN
cblr-1769	125	3	describes	describe	VERB
cblr-1769	125	4	criticisms	criticism	NOUN
cblr-1769	125	5	of	of	ADP
cblr-1769	125	6	securities	security	NOUN
cblr-1769	125	7	fraud	fraud	NOUN
cblr-1769	125	8	lawsuits	lawsuit	NOUN
cblr-1769	125	9	and	and	CCONJ
cblr-1769	125	10	offers	offer	VERB
cblr-1769	125	11	a	a	DET
cblr-1769	125	12	defense	defense	NOUN
cblr-1769	125	13	.	.	PUNCT
cblr-1769	126	1	this	this	DET
cblr-1769	126	2	part	part	NOUN
cblr-1769	126	3	then	then	ADV
cblr-1769	126	4	situates	situate	VERB
cblr-1769	126	5	the	the	DET
cblr-1769	126	6	remedy	remedy	NOUN
cblr-1769	126	7	afforded	afford	VERB
cblr-1769	126	8	by	by	ADP
cblr-1769	126	9	section	section	NOUN
cblr-1769	126	10	10(b	10(b	NUM
cblr-1769	126	11	)	)	PUNCT
cblr-1769	126	12	in	in	ADP
cblr-1769	126	13	the	the	DET
cblr-1769	126	14	context	context	NOUN
cblr-1769	126	15	of	of	ADP
cblr-1769	126	16	other	other	ADJ
cblr-1769	126	17	private	private	ADJ
cblr-1769	126	18	rights	right	NOUN
cblr-1769	126	19	of	of	ADP
cblr-1769	126	20	action	action	NOUN
cblr-1769	126	21	for	for	ADP
cblr-1769	126	22	securities	security	NOUN
cblr-1769	126	23	fraud	fraud	NOUN
cblr-1769	126	24	.	.	PUNCT
cblr-1769	127	1	part	part	NOUN
cblr-1769	127	2	iii	iii	PROPN
cblr-1769	127	3	describes	describe	VERB
cblr-1769	127	4	the	the	DET
cblr-1769	127	5	pleading	pleading	NOUN
cblr-1769	127	6	standards	standard	NOUN
cblr-1769	127	7	that	that	PRON
cblr-1769	127	8	fraud	fraud	VERB
cblr-1769	127	9	claims	claim	NOUN
cblr-1769	127	10	under	under	ADP
cblr-1769	127	11	the	the	DET
cblr-1769	127	12	exchange	exchange	NOUN
cblr-1769	127	13	act	act	NOUN
cblr-1769	127	14	must	must	AUX
cblr-1769	127	15	meet	meet	VERB
cblr-1769	127	16	in	in	ADP
cblr-1769	127	17	order	order	NOUN
cblr-1769	127	18	to	to	PART
cblr-1769	127	19	survive	survive	VERB
cblr-1769	127	20	a	a	DET
cblr-1769	127	21	motion	motion	NOUN
cblr-1769	127	22	to	to	PART
cblr-1769	127	23	dismiss	dismiss	VERB
cblr-1769	127	24	.	.	PUNCT
cblr-1769	128	1	because	because	SCONJ
cblr-1769	128	2	these	these	DET
cblr-1769	128	3	cases	case	NOUN
cblr-1769	128	4	do	do	AUX
cblr-1769	128	5	not	not	PART
cblr-1769	128	6	often	often	ADV
cblr-1769	128	7	go	go	VERB
cblr-1769	128	8	to	to	ADP
cblr-1769	128	9	trial,19	trial,19	NOUN
cblr-1769	128	10	resolutions	resolution	NOUN
cblr-1769	128	11	of	of	ADP
cblr-1769	128	12	motions	motion	NOUN
cblr-1769	128	13	to	to	PART
cblr-1769	128	14	dismiss	dismiss	VERB
cblr-1769	128	15	matter	matter	NOUN
cblr-1769	128	16	,	,	PUNCT
cblr-1769	128	17	and	and	CCONJ
cblr-1769	128	18	defeating	defeat	VERB
cblr-1769	128	19	such	such	DET
cblr-1769	128	20	a	a	DET
cblr-1769	128	21	motion	motion	NOUN
cblr-1769	128	22	preserves	preserve	VERB
cblr-1769	128	23	the	the	DET
cblr-1769	128	24	possibility	possibility	NOUN
cblr-1769	128	25	of	of	ADP
cblr-1769	128	26	damages	damage	NOUN
cblr-1769	128	27	,	,	PUNCT
cblr-1769	128	28	while	while	SCONJ
cblr-1769	128	29	a	a	DET
cblr-1769	128	30	loss	loss	NOUN
cblr-1769	128	31	precludes	preclude	VERB
cblr-1769	128	32	recovery	recovery	NOUN
cblr-1769	128	33	.	.	PUNCT
cblr-1769	129	1	this	this	DET
cblr-1769	129	2	part	part	NOUN
cblr-1769	129	3	identifies	identify	VERB
cblr-1769	129	4	the	the	DET
cblr-1769	129	5	elements	element	NOUN
cblr-1769	129	6	of	of	ADP
cblr-1769	129	7	a	a	DET
cblr-1769	129	8	fraud	fraud	NOUN
cblr-1769	129	9	pleading	plead	VERB
cblr-1769	129	10	that	that	PRON
cblr-1769	129	11	often	often	ADV
cblr-1769	129	12	prove	prove	VERB
cblr-1769	129	13	critical	critical	ADJ
cblr-1769	129	14	to	to	ADP
cblr-1769	129	15	surviving	survive	VERB
cblr-1769	129	16	a	a	DET
cblr-1769	129	17	motion	motion	NOUN
cblr-1769	129	18	to	to	PART
cblr-1769	129	19	dismiss	dismiss	VERB
cblr-1769	129	20	.	.	PUNCT
cblr-1769	130	1	the	the	DET
cblr-1769	130	2	description	description	NOUN
cblr-1769	130	3	of	of	ADP
cblr-1769	130	4	the	the	DET
cblr-1769	130	5	elements	element	NOUN
cblr-1769	130	6	of	of	ADP
cblr-1769	130	7	a	a	DET
cblr-1769	130	8	securities	security	NOUN
cblr-1769	130	9	fraud	fraud	NOUN
cblr-1769	130	10	claim	claim	NOUN
cblr-1769	130	11	and	and	CCONJ
cblr-1769	130	12	of	of	ADP
cblr-1769	130	13	the	the	DET
cblr-1769	130	14	evolution	evolution	NOUN
cblr-1769	130	15	of	of	ADP
cblr-1769	130	16	the	the	DET
cblr-1769	130	17	applicable	applicable	ADJ
cblr-1769	130	18	pleading	pleading	NOUN
cblr-1769	130	19	regime	regime	NOUN
cblr-1769	130	20	is	be	AUX
cblr-1769	130	21	a	a	DET
cblr-1769	130	22	significant	significant	ADJ
cblr-1769	130	23	contribution	contribution	NOUN
cblr-1769	130	24	of	of	ADP
cblr-1769	130	25	this	this	DET
cblr-1769	130	26	article	article	NOUN
cblr-1769	130	27	.	.	PUNCT
cblr-1769	131	1	part	part	NOUN
cblr-1769	131	2	iv	iv	NUM
cblr-1769	131	3	describes	describe	VERB
cblr-1769	131	4	the	the	DET
cblr-1769	131	5	effects	effect	NOUN
cblr-1769	131	6	of	of	ADP
cblr-1769	131	7	the	the	DET
cblr-1769	131	8	different	different	ADJ
cblr-1769	131	9	pleading	pleading	NOUN
cblr-1769	131	10	standards	standard	NOUN
cblr-1769	131	11	on	on	ADP
cblr-1769	131	12	different	different	ADJ
cblr-1769	131	13	kinds	kind	NOUN
cblr-1769	131	14	of	of	ADP
cblr-1769	131	15	plaintiffs	plaintiff	NOUN
cblr-1769	131	16	.	.	PUNCT
cblr-1769	132	1	this	this	DET
cblr-1769	132	2	part	part	NOUN
cblr-1769	132	3	explains	explain	VERB
cblr-1769	132	4	how	how	SCONJ
cblr-1769	132	5	the	the	DET
cblr-1769	132	6	standards	standard	NOUN
cblr-1769	132	7	may	may	AUX
cblr-1769	132	8	be	be	AUX
cblr-1769	132	9	more	more	ADV
cblr-1769	132	10	or	or	CCONJ
cblr-1769	132	11	less	less	ADV
cblr-1769	132	12	difficult	difficult	ADJ
cblr-1769	132	13	to	to	PART
cblr-1769	132	14	satisfy	satisfy	VERB
cblr-1769	132	15	,	,	PUNCT
cblr-1769	132	16	19	19	NUM
cblr-1769	132	17	see	see	VERB
cblr-1769	132	18	s.	s.	PROPN
cblr-1769	132	19	rep	rep	PROPN
cblr-1769	132	20	.	.	PROPN
cblr-1769	133	1	no	no	PROPN
cblr-1769	133	2	.	.	NOUN
cblr-1769	134	1	104	104	NUM
cblr-1769	134	2	-	-	SYM
cblr-1769	134	3	98	98	NUM
cblr-1769	134	4	,	,	PUNCT
cblr-1769	134	5	at	at	ADP
cblr-1769	134	6	9	9	NUM
cblr-1769	134	7	(	(	PUNCT
cblr-1769	134	8	1995	1995	NUM
cblr-1769	134	9	)	)	PUNCT
cblr-1769	134	10	,	,	PUNCT
cblr-1769	134	11	reprinted	reprint	VERB
cblr-1769	134	12	in	in	ADP
cblr-1769	134	13	1995	1995	NUM
cblr-1769	134	14	u.s.c.c.a.n	u.s.c.c.a.n	PROPN
cblr-1769	134	15	.	.	PUNCT
cblr-1769	134	16	679	679	NUM
cblr-1769	134	17	,	,	PUNCT
cblr-1769	134	18	688	688	NUM
cblr-1769	134	19	.	.	PUNCT
cblr-1769	135	1	no	no	INTJ
cblr-1769	135	2	.	.	PUNCT
cblr-1769	136	1	1:47	1:47	NUM
cblr-1769	136	2	]	]	PUNCT
cblr-1769	136	3	hurdles	hurdle	NOUN
cblr-1769	136	4	of	of	ADP
cblr-1769	136	5	different	different	ADJ
cblr-1769	136	6	heights	height	NOUN
cblr-1769	136	7	55	55	NUM
cblr-1769	136	8	depending	depend	VERB
cblr-1769	136	9	on	on	ADP
cblr-1769	136	10	the	the	DET
cblr-1769	136	11	characteristics	characteristic	NOUN
cblr-1769	136	12	of	of	ADP
cblr-1769	136	13	the	the	DET
cblr-1769	136	14	investment	investment	NOUN
cblr-1769	136	15	that	that	PRON
cblr-1769	136	16	gave	give	VERB
cblr-1769	136	17	rise	rise	NOUN
cblr-1769	136	18	to	to	ADP
cblr-1769	136	19	litigation	litigation	NOUN
cblr-1769	136	20	.	.	PUNCT
cblr-1769	137	1	additionally	additionally	ADV
cblr-1769	137	2	,	,	PUNCT
cblr-1769	137	3	part	part	NOUN
cblr-1769	137	4	iv	iv	NUM
cblr-1769	137	5	argues	argue	VERB
cblr-1769	137	6	that	that	SCONJ
cblr-1769	137	7	congress	congress	PROPN
cblr-1769	137	8	’s	’s	PART
cblr-1769	137	9	selective	selective	ADJ
cblr-1769	137	10	raising	raising	NOUN
cblr-1769	137	11	of	of	ADP
cblr-1769	137	12	the	the	DET
cblr-1769	137	13	pleading	plead	VERB
cblr-1769	137	14	standards	standard	NOUN
cblr-1769	137	15	applicable	applicable	ADJ
cblr-1769	137	16	to	to	ADP
cblr-1769	137	17	claims	claim	NOUN
cblr-1769	137	18	of	of	ADP
cblr-1769	137	19	securities	security	NOUN
cblr-1769	137	20	fraud	fraud	NOUN
cblr-1769	137	21	unfairly	unfairly	ADV
cblr-1769	137	22	and	and	CCONJ
cblr-1769	137	23	unjustifiably	unjustifiably	ADV
cblr-1769	137	24	blocks	block	VERB
cblr-1769	137	25	access	access	NOUN
cblr-1769	137	26	to	to	ADP
cblr-1769	137	27	justice	justice	NOUN
cblr-1769	137	28	for	for	ADP
cblr-1769	137	29	outsider	outsider	NOUN
cblr-1769	137	30	investors	investor	NOUN
cblr-1769	137	31	.	.	PUNCT
cblr-1769	138	1	finally	finally	ADV
cblr-1769	138	2	,	,	PUNCT
cblr-1769	138	3	this	this	DET
cblr-1769	138	4	part	part	NOUN
cblr-1769	138	5	situates	situate	VERB
cblr-1769	138	6	barriers	barrier	NOUN
cblr-1769	138	7	to	to	ADP
cblr-1769	138	8	certain	certain	ADJ
cblr-1769	138	9	securities	security	NOUN
cblr-1769	138	10	fraud	fraud	NOUN
cblr-1769	138	11	claimants	claimant	NOUN
cblr-1769	138	12	within	within	ADP
cblr-1769	138	13	a	a	DET
cblr-1769	138	14	broader	broad	ADJ
cblr-1769	138	15	trend	trend	NOUN
cblr-1769	138	16	,	,	PUNCT
cblr-1769	138	17	recognized	recognize	VERB
cblr-1769	138	18	by	by	ADP
cblr-1769	138	19	other	other	ADJ
cblr-1769	138	20	commentators	commentator	NOUN
cblr-1769	138	21	on	on	ADP
cblr-1769	138	22	civil	civil	ADJ
cblr-1769	138	23	pleading	pleading	NOUN
cblr-1769	138	24	standards	standard	NOUN
cblr-1769	138	25	,	,	PUNCT
cblr-1769	138	26	toward	toward	ADP
cblr-1769	138	27	more	more	ADV
cblr-1769	138	28	tightly	tightly	ADV
cblr-1769	138	29	restricted	restricted	ADJ
cblr-1769	138	30	access	access	NOUN
cblr-1769	138	31	to	to	ADP
cblr-1769	138	32	courts	court	NOUN
cblr-1769	138	33	.	.	PUNCT
cblr-1769	139	1	the	the	DET
cblr-1769	139	2	animating	animate	VERB
cblr-1769	139	3	concern	concern	NOUN
cblr-1769	139	4	of	of	ADP
cblr-1769	139	5	this	this	DET
cblr-1769	139	6	article	article	NOUN
cblr-1769	139	7	is	be	AUX
cblr-1769	139	8	that	that	SCONJ
cblr-1769	139	9	the	the	DET
cblr-1769	139	10	disparity	disparity	NOUN
cblr-1769	139	11	in	in	ADP
cblr-1769	139	12	access	access	NOUN
cblr-1769	139	13	to	to	ADP
cblr-1769	139	14	redress	redress	NOUN
cblr-1769	139	15	through	through	ADP
cblr-1769	139	16	litigation	litigation	NOUN
cblr-1769	139	17	matters	matter	NOUN
cblr-1769	139	18	.	.	PUNCT
cblr-1769	140	1	investors	investor	NOUN
cblr-1769	140	2	in	in	ADP
cblr-1769	140	3	private	private	ADJ
cblr-1769	140	4	placements	placement	NOUN
cblr-1769	140	5	have	have	VERB
cblr-1769	140	6	an	an	DET
cblr-1769	140	7	advantage	advantage	NOUN
cblr-1769	140	8	that	that	PRON
cblr-1769	140	9	may	may	AUX
cblr-1769	140	10	translate	translate	VERB
cblr-1769	140	11	into	into	ADP
cblr-1769	140	12	greater	great	ADJ
cblr-1769	140	13	settlement	settlement	NOUN
cblr-1769	140	14	values	value	NOUN
cblr-1769	140	15	in	in	ADP
cblr-1769	140	16	the	the	DET
cblr-1769	140	17	wake	wake	NOUN
cblr-1769	140	18	of	of	ADP
cblr-1769	140	19	allegations	allegation	NOUN
cblr-1769	140	20	of	of	ADP
cblr-1769	140	21	fraud.20	fraud.20	PROPN
cblr-1769	140	22	part	part	NOUN
cblr-1769	140	23	v	v	PROPN
cblr-1769	140	24	contends	contend	VERB
cblr-1769	140	25	that	that	SCONJ
cblr-1769	140	26	disparate	disparate	ADJ
cblr-1769	140	27	treatment	treatment	NOUN
cblr-1769	140	28	of	of	ADP
cblr-1769	140	29	different	different	ADJ
cblr-1769	140	30	fraud	fraud	NOUN
cblr-1769	140	31	claims	claim	NOUN
cblr-1769	140	32	is	be	AUX
cblr-1769	140	33	the	the	DET
cblr-1769	140	34	result	result	NOUN
cblr-1769	140	35	of	of	ADP
cblr-1769	140	36	a	a	DET
cblr-1769	140	37	failure	failure	NOUN
cblr-1769	140	38	to	to	PART
cblr-1769	140	39	update	update	VERB
cblr-1769	140	40	laws	law	NOUN
cblr-1769	140	41	and	and	CCONJ
cblr-1769	140	42	regulations	regulation	NOUN
cblr-1769	140	43	to	to	PART
cblr-1769	140	44	keep	keep	VERB
cblr-1769	140	45	up	up	ADP
cblr-1769	140	46	with	with	ADP
cblr-1769	140	47	changes	change	NOUN
cblr-1769	140	48	in	in	ADP
cblr-1769	140	49	financial	financial	ADJ
cblr-1769	140	50	markets	market	NOUN
cblr-1769	140	51	.	.	PUNCT
cblr-1769	141	1	this	this	DET
cblr-1769	141	2	part	part	NOUN
cblr-1769	141	3	proposes	propose	VERB
cblr-1769	141	4	reforming	reform	VERB
cblr-1769	141	5	pleading	plead	VERB
cblr-1769	141	6	standards	standard	NOUN
cblr-1769	141	7	to	to	PART
cblr-1769	141	8	reduce	reduce	VERB
cblr-1769	141	9	the	the	DET
cblr-1769	141	10	height	height	NOUN
cblr-1769	141	11	of	of	ADP
cblr-1769	141	12	the	the	DET
cblr-1769	141	13	hurdles	hurdle	NOUN
cblr-1769	141	14	confronting	confront	VERB
cblr-1769	141	15	outsider	outsider	NOUN
cblr-1769	141	16	claimants	claimant	NOUN
cblr-1769	141	17	in	in	ADP
cblr-1769	141	18	fraud	fraud	NOUN
cblr-1769	141	19	lawsuits	lawsuit	NOUN
cblr-1769	141	20	,	,	PUNCT
cblr-1769	141	21	and	and	CCONJ
cblr-1769	141	22	to	to	PART
cblr-1769	141	23	make	make	VERB
cblr-1769	141	24	more	more	ADJ
cblr-1769	141	25	precise	precise	ADJ
cblr-1769	141	26	courts	court	NOUN
cblr-1769	141	27	’	'	PUNCT
cblr-1769	141	28	evaluations	evaluation	NOUN
cblr-1769	141	29	of	of	ADP
cblr-1769	141	30	the	the	DET
cblr-1769	141	31	reasonableness	reasonableness	NOUN
cblr-1769	141	32	of	of	ADP
cblr-1769	141	33	connected	connected	ADJ
cblr-1769	141	34	plaintiffs	plaintiff	NOUN
cblr-1769	141	35	’	'	PUNCT
cblr-1769	141	36	reliance	reliance	NOUN
cblr-1769	141	37	on	on	ADP
cblr-1769	141	38	a	a	DET
cblr-1769	141	39	defendant	defendant	NOUN
cblr-1769	141	40	’s	’s	PART
cblr-1769	141	41	allegedly	allegedly	ADV
cblr-1769	141	42	fraudulent	fraudulent	ADJ
cblr-1769	141	43	statements	statement	NOUN
cblr-1769	141	44	.	.	PUNCT
cblr-1769	142	1	the	the	DET
cblr-1769	142	2	proposal	proposal	NOUN
cblr-1769	142	3	briefly	briefly	ADV
cblr-1769	142	4	outlines	outline	VERB
cblr-1769	142	5	what	what	PRON
cblr-1769	142	6	might	might	AUX
cblr-1769	142	7	be	be	AUX
cblr-1769	142	8	required	require	VERB
cblr-1769	142	9	of	of	ADP
cblr-1769	142	10	sophisticated	sophisticated	ADJ
cblr-1769	142	11	investors	investor	NOUN
cblr-1769	142	12	claiming	claim	VERB
cblr-1769	142	13	they	they	PRON
cblr-1769	142	14	were	be	AUX
cblr-1769	142	15	victims	victim	NOUN
cblr-1769	142	16	of	of	ADP
cblr-1769	142	17	deceit	deceit	NOUN
cblr-1769	142	18	and	and	CCONJ
cblr-1769	142	19	discusses	discuss	VERB
cblr-1769	142	20	the	the	DET
cblr-1769	142	21	political	political	ADJ
cblr-1769	142	22	economy	economy	NOUN
cblr-1769	142	23	of	of	ADP
cblr-1769	142	24	any	any	DET
cblr-1769	142	25	reform	reform	NOUN
cblr-1769	142	26	effort	effort	NOUN
cblr-1769	142	27	.	.	PUNCT
cblr-1769	143	1	ii	ii	X
cblr-1769	143	2	.	.	PUNCT
cblr-1769	144	1	the	the	DET
cblr-1769	144	2	role	role	NOUN
cblr-1769	144	3	of	of	ADP
cblr-1769	144	4	private	private	ADJ
cblr-1769	144	5	securities	security	NOUN
cblr-1769	144	6	litigation	litigation	NOUN
cblr-1769	144	7	for	for	ADP
cblr-1769	144	8	decades	decade	NOUN
cblr-1769	144	9	,	,	PUNCT
cblr-1769	144	10	the	the	DET
cblr-1769	144	11	supreme	supreme	PROPN
cblr-1769	144	12	court	court	PROPN
cblr-1769	144	13	has	have	AUX
cblr-1769	144	14	recognized	recognize	VERB
cblr-1769	144	15	a	a	DET
cblr-1769	144	16	private	private	ADJ
cblr-1769	144	17	right	right	NOUN
cblr-1769	144	18	of	of	ADP
cblr-1769	144	19	action	action	NOUN
cblr-1769	144	20	under	under	ADP
cblr-1769	144	21	section	section	NOUN
cblr-1769	144	22	10(b	10(b	NUM
cblr-1769	144	23	)	)	PUNCT
cblr-1769	144	24	of	of	ADP
cblr-1769	144	25	the	the	DET
cblr-1769	144	26	exchange	exchange	NOUN
cblr-1769	144	27	act	act	NOUN
cblr-1769	144	28	,	,	PUNCT
cblr-1769	144	29	although	although	SCONJ
cblr-1769	144	30	the	the	DET
cblr-1769	144	31	law	law	NOUN
cblr-1769	144	32	does	do	AUX
cblr-1769	144	33	not	not	PART
cblr-1769	144	34	explicitly	explicitly	ADV
cblr-1769	144	35	provide	provide	VERB
cblr-1769	144	36	for	for	ADP
cblr-1769	144	37	civil	civil	ADJ
cblr-1769	144	38	lawsuits	lawsuit	NOUN
cblr-1769	144	39	by	by	ADP
cblr-1769	144	40	investors.21	investors.21	PROPN
cblr-1769	144	41	private	private	ADJ
cblr-1769	144	42	securities	security	NOUN
cblr-1769	144	43	litigation	litigation	NOUN
cblr-1769	144	44	has	have	AUX
cblr-1769	144	45	proven	prove	VERB
cblr-1769	144	46	20	20	NUM
cblr-1769	144	47	it	it	PRON
cblr-1769	144	48	may	may	AUX
cblr-1769	144	49	be	be	AUX
cblr-1769	144	50	that	that	SCONJ
cblr-1769	144	51	,	,	PUNCT
cblr-1769	144	52	with	with	ADP
cblr-1769	144	53	the	the	DET
cblr-1769	144	54	continuing	continue	VERB
cblr-1769	144	55	rise	rise	NOUN
cblr-1769	144	56	of	of	ADP
cblr-1769	144	57	institutional	institutional	ADJ
cblr-1769	144	58	investors	investor	NOUN
cblr-1769	144	59	,	,	PUNCT
cblr-1769	144	60	investors	investor	NOUN
cblr-1769	144	61	buying	buy	VERB
cblr-1769	144	62	through	through	ADP
cblr-1769	144	63	publicly	publicly	ADV
cblr-1769	144	64	accessible	accessible	ADJ
cblr-1769	144	65	transactions	transaction	NOUN
cblr-1769	144	66	and	and	CCONJ
cblr-1769	144	67	investors	investor	NOUN
cblr-1769	144	68	in	in	ADP
cblr-1769	144	69	private	private	ADJ
cblr-1769	144	70	placements	placement	NOUN
cblr-1769	144	71	are	be	AUX
cblr-1769	144	72	increasingly	increasingly	ADV
cblr-1769	144	73	often	often	ADV
cblr-1769	144	74	the	the	DET
cblr-1769	144	75	same	same	ADJ
cblr-1769	144	76	entities	entity	NOUN
cblr-1769	144	77	.	.	PUNCT
cblr-1769	145	1	even	even	ADV
cblr-1769	145	2	if	if	SCONJ
cblr-1769	145	3	the	the	DET
cblr-1769	145	4	investor	investor	NOUN
cblr-1769	145	5	populations	population	NOUN
cblr-1769	145	6	were	be	AUX
cblr-1769	145	7	the	the	DET
cblr-1769	145	8	same	same	ADJ
cblr-1769	145	9	,	,	PUNCT
cblr-1769	145	10	the	the	DET
cblr-1769	145	11	disparity	disparity	NOUN
cblr-1769	145	12	in	in	ADP
cblr-1769	145	13	treatment	treatment	NOUN
cblr-1769	145	14	still	still	ADV
cblr-1769	145	15	would	would	AUX
cblr-1769	145	16	beg	beg	VERB
cblr-1769	145	17	a	a	DET
cblr-1769	145	18	rationale	rationale	NOUN
cblr-1769	145	19	.	.	PUNCT
cblr-1769	146	1	21	21	NUM
cblr-1769	146	2	then	then	ADV
cblr-1769	146	3	-	-	PUNCT
cblr-1769	146	4	justice	justice	PROPN
cblr-1769	146	5	william	william	PROPN
cblr-1769	146	6	rehnquist	rehnquist	PROPN
cblr-1769	146	7	described	describe	VERB
cblr-1769	146	8	private	private	ADJ
cblr-1769	146	9	securities	security	NOUN
cblr-1769	146	10	litigation	litigation	NOUN
cblr-1769	146	11	under	under	ADP
cblr-1769	146	12	section	section	NOUN
cblr-1769	146	13	10(b	10(b	NUM
cblr-1769	146	14	)	)	PUNCT
cblr-1769	146	15	as	as	ADP
cblr-1769	146	16	a	a	DET
cblr-1769	146	17	“	"	PUNCT
cblr-1769	146	18	judicial	judicial	ADJ
cblr-1769	146	19	oak	oak	NOUN
cblr-1769	146	20	which	which	PRON
cblr-1769	146	21	has	have	AUX
cblr-1769	146	22	grown	grow	VERB
cblr-1769	146	23	from	from	ADP
cblr-1769	146	24	little	little	ADJ
cblr-1769	146	25	more	more	ADJ
cblr-1769	146	26	than	than	ADP
cblr-1769	146	27	a	a	DET
cblr-1769	146	28	legislative	legislative	ADJ
cblr-1769	146	29	acorn	acorn	NOUN
cblr-1769	146	30	.	.	PUNCT
cblr-1769	146	31	”	"	PUNCT
cblr-1769	147	1	blue	blue	ADJ
cblr-1769	147	2	chip	chip	NOUN
cblr-1769	147	3	stamps	stamp	NOUN
cblr-1769	147	4	v.	v.	ADP
cblr-1769	147	5	manor	manor	NOUN
cblr-1769	147	6	drug	drug	NOUN
cblr-1769	147	7	stores	store	NOUN
cblr-1769	147	8	,	,	PUNCT