If a company's registration statement includes an over appraisal of a key asset, will Section 11 of

Question:

If a company's registration statement includes an over appraisal of a key asset, will Section 11 of the Securities Act of 1933 support claims against the company's controller and outside directors, as well as the company and its auditors?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Managers and the Legal Environment Strategies for the 21st Century

ISBN: 978-1111530631

7th edition

Authors: Constance E. Bagley

See More Books

Question Posted: Mar 17, 2016 03:57 AM

See More Questions

Multiple choice 1. Cable Corporation orally engaged Drake & Company, CPAs, to audit its financial statements. Though the financial statements Drake audited included a materially overstated accounts...
Multiply Choice 1. When a common stock offering requires registration under the Securities Act of 1933: (a) The registration statement is automatically effective when filed with the SEC. (b) The...
Select the correct answer for each of the following questions. 1. Two interesting and important topics concerning the SEC are the role it plays in the development of accounting principles and the...
The adjusted trial balance for Sweet Home Catering, Inc., is presented below. Prepare the income statement and statement of retained earnings for Sweet Home Catering, Inc., for the month ended March...
An employer offers his or her employee the option of shifting x units of income from next year to this year. That is, the option is to reduce income next year by x units and increase income this year...
On the 1st of January, David by three separate letters which he posted to Ann, Bev and Cathy informed them that he was selling his 2004 BMW car for $1M. He stated in the letter that the offer would...
Air flows isentropically through a duct as shown in Fig. P11.37. For the conditions shown, find the Mach number at both stations 1 and 2 and the flow rate. The diameter is not necessarily constant....
Critically reflect on the importance of present and future values. What factors must be considered when calculating present and future values? What other qualitative factors play into present and...
Consider the following Java code: interface I { long f1(); long f2(); } abstract class C implements I { public long f1() { return 5; } } class C2 extends C { public long f1() { return 99; } public...
A bird is flying in a room with a velocity field of V = (u, v, w) = 0.6x + 0.2t 1.4 (m/s). The room is heated by a heat pump so that the temperature distribution at steady state is T (x, y, z) = 400...
Under what conditions may a director of a corporation who owns 15% of its stock sell shares received in a merger in exchange for stock issued pursuant to Section 4(2)?
Do the failures to include information concerning a deteriorating inventory-to-sales ratio relative to competing firms and to disclose insider transactions that increase a company's operating costs...
The demand function for a certain product is p = 100/(1+2x). If the equilibrium quantity is 12 units, what is the consumer's surplus? In the following equation p and C are in dollars and x is the...
What is Monte Carlo simulation? How does a simulation analysis differ from a regular scenario analysis?
Is it easier to measure the stand-alone, within-firm, or beta risk for projects such as a new delivery truck or a Home Depot warehouse?
How does the availability and cost of outside capital affect dividend policy?
If a firm cannot measure a potential projects risk with precision, should it abandon the project? Explain your answer.
How do investment opportunities affect dividend policy?
In Exercises confirm that the Integral Test can be applied to the series. Then use the Integral Test to determine the convergence or divergence of the series. n=1 1 2n
White Bolder Investments (WBI) You are an intern working for WBI, a large investment advisory services in Sydney. Among other regular customers, WBI has been providing advisory services for Jumbo...
Assume the facts in Question 3. You begin to consider the labor force that the joint venture will need. Ayantuga suggests that the venture technicians should make regular technical training visits to...
Assume the facts in Question 3. You begin to consider the labor force that the joint venture will need. Ayantuga suggests that the venture technicians should make regular technical training visits to...
In addition to the facts covered in Questions 3 through 5, you learn that the banini is not freely convertible into dollars. The Varoom foreign-exchange and tax laws provide that a foreign-invested...
Let R denote the region in the xy-plane that lies in the first quadrant and is bounded by the lines y = 1 - x, y = 2 - x, y = x + 1, and y = x - 1. Set u=x+y and v = y-x. (a) Solve for x and y in...
Reply to The culture established by Mr. Kelleher places importance on employee happiness, which directly influences customer satisfaction and overall organizational achievements. To maintain this...
First, technology has a major impact on talent shortage. With the increased use of AI, there are fewer data analysis jobs required, so technology can potentially replace some forms of supply chain...

If a company's registration statement includes an over appraisal of a key asset, will Section 11 of

Question:

Step by Step Answer:

Under Section 11 the company is strictly liable for any material misstatements or omissions in its registration statement An over appraisal of a key a...View the full answer

Managers and the Legal Environment Strategies for the 21st Century

Students also viewed these Business Law questions