It is crucial to ask whether we can truly directly associate the Basic Inc. case of 1988 with the securities fraud complaints filed in 2017.
The regulatory mandate requires us to distinguish between legal precedents and factual triggers.
The 1988 ruling established a doctrine, the market fraud, which facilitates legal recourse, but each 2017 complaint has its own factual triggers.
For example, a 2017 case involving stock manipulation through deceptive statements about financial results required evidence of those specific manipulations, not just the existence of the Basic Inc. precedent.