To prevail under Section 11 of the 1933 Securities Act, a plaintiff must prove
a. the registration statement contained a material misstatement or omission; and the plaintiff lost money.
b. the registration statement contained a material misstatement or omission; the auditor acted knowingly or recklessly; and the plaintiff lost money.
c. the registration statement contained a material misstatement or omission; the auditor intended to deceive; and the plaintiff lost money.
d. only that the registration statement contained a material misstatement or omission.
a
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