Question $9$

$20$ pts

$9.$ Bennett, Inc., offered a substantial number of new common shares to the public. Harvey Helms had a long$-$standing interest in Bennett because his grandfather had once been president of the company. On receiving a prospectus prepared and distributed by Bennett, Helms was dismayed by the pessimism it embodied. Helms decided to delay purchasing stock in the company. Later, Helms asserted that the prospectus prepared by the accountants was overly pessimistic and contained materially misleading statements.

Does Helms have any claims against the accountants who prepared the prospectus? What claims does Helms have? How likely will Helms be successful?