FRAUD-ON-THE-MARKET PRINCIPLE

fraud-on-the-market principle.Securities. The doctrine that, in a claim under the antifraud provisions of the federal securities laws, a plaintiff may presumptively establish reliance on a misstatement about a security’s value — without proving actual knowledge of the fraudulent statement — if the stock is purchased in an open and developed securities market. • This doctrine…

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FRAUDFEASOR

fraudfeasor (frawd-fee-z<<schwa>>r). A person who has committed fraud. — Also termed defrauder.[Blacks Law 8th]

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FRAUDE

fraude (frawd). [French] Civil law. Fraud committed in performing a contract. Cf. DOL.[Blacks Law 8th]

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FRAUDARE

fraudare (fraw-dair-ee), vb. [Latin] Roman law. To defraud.[Blacks Law 8th]

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FRAUD

fraud,n.1. A knowing misrepresentation of the truth or concealment of a material fact to induce another to act to his or her detriment. • Fraud is usu. a tort, but in some cases (esp. when the conduct is willful) it may be a crime. — Also termed intentional fraud. [Cases: Fraud 1, 3, 16.] 2.…

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