Task: Wrong Candidate Generation
Input (English): this amount represented only twenty percent of Burnison’s holdings. Id. ¶ 12. Marksman alleges, however, that the sale was highly unusual, in that Burnison had not sold any of her Chantal stock in the previous three years. Id. Twenty percent of a corporate insider’s shares, especially where the dollar amounts involved are high, may constitute a “suspicious amount” sufficient to support a scienter allegation. See Alfus, 764 F.Supp. at 605; In re Gupta Corp., 900 F.Supp. at 1231-32; McCarthy v. C-COR Electronics, Inc., 909 F.Supp. 970, 978-79 (E.D.Pa.1995); In re Apple Computer, 886 F.2d at 1117. In this case, Burnison’s volume of traded stocks, in excess of $6,300,000, and the percentage of her holdings sold support an allegation of motive. See In re Gupta Corp., 900 F.Supp. at 1231-32 (<HOLDING>). In addition, the alleged “motive” is 
 Holding statements: (A) holding that total proceeds from insider sales of 106 million raised inference of scienter (B) holding that sales of corporate stock by six individual defendants for a total of approximately 4200000 were sufficient to support inference of scienter against them under prepslra pleading standard (C) holding the pslra standard for pleading scienter is more stringent than the second circuits standard prior to the act and that motive and opportunity is not an independent basis to show defendants had scienter (D) holding that stock sales by one defendant of approximately 8000 shares for profit of 173000 raised strong inference of fraudulent intent (E) holding that 20 of individual defendants holdings raised an inference of scienter
Output (English): holding the pslra standard for pleading scienter is more stringent than the second circuits standard prior to the act and that motive and opportunity is not an independent basis to show defendants had scienter