Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Question: Rule 10(b)-5 Liability under the Securities Exchange Act of 1934. Gordon & Groton (G&G), CPAs, were auditors of Bank & Company, a brokerage firm and member of a national stock exchange. G&G examined and reported on the financial statements of Bank, which were filed with the Securities and Exchange Commission. Several of Bank's customers were swindled by a fraudulent scheme perpetrated by Bank's president, who owned 90 percent of the voting stock of the company. The facts establish that G&G failed to perform the audit with the appropriate level of professional care but neither participated in the fraudulent scheme nor knew of its existence. The customers are suing G&G under the antifraud provisions of section 10( b ) and Rule 10 b -5 of the Securities Exchange Act of 1934 for aiding and abetting the president's fraudulent scheme. The customers' suit for fraud is predicated exclusively on G&G's failure to conduct a proper audit, thereby failing to discover the fraudulent scheme. Required: Answer the following, setting forth reasons for any conclusions stated.
a. What is the probable outcome of the lawsuit?
b. What might be the result if plaintiffs had sued under common law for ordinary negligence? Explain.
Why do you think Rosa followed this strategy? - How well has Rosa done following this strategy over the past three years?
write a 200- to 300-word response describing the concept of due process including how it applies to the criminal
1. tf restitution is classified as an equitable remedy2. tf when an assignment is made the assignee has the right
imagine you are a recently-hired chief operating officer in a midsize company preparing for an initial public
why are our conclusions from research considered tentative? what is the continuing problem when attempting to show
A supervisory position has opened up due to someone retiring in the medical office in which you work. You and your pregnant co-worker are talking about it at lunch one day, and your co-worker is very excited because she has been told several times th..
Determine at least three ways in which United States' businesses can address the adverse effects of sweatshop labor practices. Provide one (1) specific example of each way that you have just determined to support your response.
Explore the legal rights and responsibilities of the tenant and the landlord. Decide whether or not the landlord and / or the tenant had a legal duty to mitigate damages.
Define police professionalism, and describe two outcomes of increased police professionalism during the 20th century. Provide one example of recent events involving police professionalism. Compare any similarities or differences between the two ex..
Which strategic shock would have the most detrimental effect on U.S. foreign policy, and why?
Support or reject the assertion that " All leadership begins in the home." Be sure to cite any information used from other researchers. Are individuals born good leaders or can leadership be taught or learned. What are the key attributes of a stro..
What about location-based tracking in car systems like GM's OnStar? Those systems know the car's location to give you driving directions and perhaps identify local restaurants or other venues. Are you comfortable with this? When was the last time you..
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd