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Kant is an underwriter who acted as a third party conducting a sale of securities between Fox Co. and an investor. After the sale, it
Kant is an underwriter who acted as a third party conducting a sale of securities between Fox Co. and an investor. After the sale, it is discovered that the disclosures by Fox Co. were fraudulent. The investor has sued both Fox Co. and Kante. What is Kante's best defense to avoid liability?
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