Corporation might have to file bankruptcy protection

Reference no: EM13204463

(1) why might a fortune 500 corporation might have to file bankruptcy protection?

(2) what provisions of the securties law will probably be the basis for a class action lawsuit by the stockholders?

(3) why will the 1995 Act probably not stop a class action suit from proceeding to the discovery phase?

(4) why will the cfo be subject to criminal (as well as civil)securities sanctions?

(5) will the sec likely ever allow the cfo to be an officer or director of a publicly traded corporation in the future?

(6) will the sec allow the cfo to keep the $10million gain on the stock?(7)what kind of civil penalties could the sec impose on the cfo?

Reference no: EM13204463

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