Teacher:In this task, you will be shown a prompt from a judicial decision and multiple holding statements derived from citations following text in a legal decision. Holdings represent the governing legal rule when the law is applied to a particular set of facts. There are five answer choices for each citing text. The correct answer is the holding statement that corresponds to the citing text. The four incorrect answers are other holding statements. You should find the correct option. There is a <HOLDING> token in the position of the citing text prompt where the holding statement was extracted.
Teacher: Now, understand the problem? Solve this instance: decided that 80A.01(b), as a derivative of 17(a)(2), "does not require scienter, but supports a negligence based theory of recovery." Sprangers, 394 N.W.2d at 503. Although the Minnesota cases on 80A.01 subsequent to Sprangers may appear at first glance to be in conflict because the subparts of the statute are not always referenced, the Minnesota Supreme Court cited to Sprangers with approval when ruling on a securities case involving an unsuitability claim. Minneapolis Employees Retirement Fund v. Allison-Williams Co., 519 N.W.2d 176, 179 (Minn.1994) (citing Sprangers's holding that a "seller of stock may be liable for misrepresentation [under 80A.01(b) ] irrespective of scienter"). That court also referenced 80A.01(a) in Foley v. Allard, 427 N.W.2d 647, 650 (Minn.1988) (<HOLDING>). Sprangers is the state's most thorough
Holding statements: (A) holding that this subpart does require scienter (B) holding that 20 of individual defendants holdings raised an inference of scienter (C) holding that this rule does not require the creation of an inventory of documents to be produced (D) holding that this court does not necessarily require the claim to be specifically raised in an eeoc charge provided that it satisfies this scopeofinvestigation test (E) 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
Student:
(A)