Scienter

Scienter is a legal term that refers to the knowledge or intention of an individual regarding the truth or falsity of a statement or action. In a legal context, it often implies that a person acted with awareness of wrongdoing, such as committing fraud or deceit. Essentially, to establish scienter, it must be proven that the individual knew what they were doing was wrong or misleading. This concept is crucial in cases involving securities fraud or misrepresentation, as it helps determine liability and accountability for actions taken by individuals or entities.