Arizona § 44-2085 - Limitation on damages; definition
Full text of Arizona Arizona Revised Statutes § 44-2085 — Limitation on damages; definition, with citation guidance and answers to common questions.
§ 44-2085. Limitation on damages; definition
A. Except as provided in subsection B of this section, in any private action arising under section 44-1991 or 44-1992 in which the plaintiff seeks to establish damages by reference to the market price of a security, the award of damages to the plaintiff shall not exceed the difference between the purchase or sale price paid or received, as appropriate, by the plaintiff for the security and the mean trading price of that security during the ninety days beginning on the date on which the information correcting the misstatement or omission that is the basis for the action is disseminated to the market.
B. In any private action arising under section 44-1991 or 44-1992 in which the plaintiff seeks to establish damages by reference to the market price of a security, if the plaintiff sells or repurchases the security before the expiration of the ninety day period prescribed in subsection A of this section, the plaintiff's damages shall not exceed the difference between the purchase or sale price paid or received by the plaintiff for the security and the mean trading price of the security during the period beginning immediately after dissemination of information correcting the misstatement or omission and ending on the date on which the plaintiff sells or repurchases the security.
C. This section shall not apply to damages caused by a violation of section 44-1841 or 44-1842.
D. For purposes of this section, "mean trading price of the security" means an average of the daily trading price of that security, determined as of the close of the market each day during the relevant period.
Source: official Arizona text · Last verified 2026-08-27
Frequently Asked Questions About Arizona § 44-2085
What does Arizona Revised Statutes § 44-2085 cover?
Section 44-2085 ("Limitation on damages; definition") is part of the Arizona Revised Statutes, the codified statutory law of Arizona. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Arizona § 44-2085?
A common citation format is "Arizona Revised Statutes § 44-2085" (Arizona). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Arizona law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Arizona official source linked on this page or consult a licensed Arizona attorney.
How does Arizona § 44-2085 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Arizona can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Arizona.