> What's the problem with Section 10? Per the Money Stuff article, Section 10 has a higher burden of proof. For a shareholder to win a lawsuit under section 1

> What's the problem with Section 10? Per the Money Stuff article, Section 10 has a higher burden of proof. For a shareholder to win a lawsuit under section 10, they need to show that the disclosures were deliberately misleading, such that the board was trying to defraud investors. Under a section 11 lawsuit, however, they only need to show that the disclosures were materially wrong: proof of motivation isn't required in the same way.