ðə pɹˈaɪvət sᵻkjˈʊɹɹᵻɾiz lˌɪɾɪɡˈeɪʃən ɹᵻfˈɔːɹm ˈækt ʌv nˈaɪntiːnhˈʌndɹɪd nˈaɪnti fˈaɪv ˈædᵻd ðə ɹᵻkwˈaɪɚmənt ðˌæɾə plˈeɪntɪf mˈʌst plˈiːd fˈækts ɡˈɪvɪŋ ɹˈaɪz tʊ ˈeɪ "stɹˈɔŋ ˈɪnfɚɹəns" ʌv sˈaɪəntɚ.
The Private Securities Litigation Reform Act of 1995 added the requirement that a plaintiff must plead facts giving rise to a "strong inference" of scienter.