Read the "You Be the Judge" on p$.444$ of the text. It is the case of In re HP Securities Litigation. Review the facts, and the arguments of each party in the case. The issue in the case is: did HP violate Section $10($b$)$ of the Securities Exchange Act of $1934,$ i$.$e$.$ did it have scienter when Meg Whitman reported on Autonomy's current situation and future prospects? First, take a look at the Liability section under the Securities Exchange Act of $1934$ in Ch$.23$ on p$.456.1.$ What is scienter and what are the requirements to prove a claim of scienter? $2.$ Does it apply to HP$\text{'}$s actions in this case? Why or why not? State some facts from the case to support your decision. As the judge, decide for one party or the other. State your reasoning. Try to go beyond reiterating the argument given in the text. Also, don't rely on your instinct. Apply the law.