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: Liability under the Securities Acts. Orange is a public entity whose shares are traded on a national exchange. A Public Company Accounting Oversight Board inspection revealed a deficiency in audits conducted by Orange's auditor, LeGrow. LeGrow had failed to perform important auditing procedures; after performing these procedures in response to the inspection, LeGrow identified several material misstatements and requested that Orange restate its financial statements. These restatements had the effect of reducing Orange's reported income and cash flow from operations and increasing its liabilities. Upon the disclosure of these restatements, Orange's stock price declined over 40 percent. Angered over this decline, investors are contemplating bringing legal action against LeGrow for failing to detect the misstatements.
Required: a. Assume that investors are bringing suit under the Securities Act of 1933. What would investors need to demonstrate to bring suit against LeGrow under this act?
b. What is LeGrow's potential liability to investors if LeGrow's audit was characterized as demonstrating
(1) ordinary negligence,
(2) gross negligence, or
(3) fraud?
c. Repeat (a) and (b), assuming that investors are bringing suit under the Securities Exchange Act of 1934.
d. What are the primary differences in LeGrow's liability to investors under the Securities Act of 1933 and the Securities Exchange Act of 1934?
1. millard and locke are shareholders of fillmore transport inc. which the following fillmore actions would require
What does this term mean, why does Sclove think that it is important to acknowledge this characteristic of technology? Do you agree with Sclove that technology has this characteristic? Why or why not
examine the major theories of crime causation. use materials from the text andor any outside resources to support why
Examine the concept of health care ethics, and ascertain the fundamental way in which such concepts apply to procreation-related issues
From the e-Activity, provide a brief summary of the case you researched, and determine the key procedures that would be used to investigate the related crime.
Discuss how the negotiation experience actually happened, then consider the negotiating techniques that you have learned and then offer an explanation of how you could have conducted the negotiation better. Explain where your new learning from the..
Explain the purpose of GINA.Summarize the five congressional findings that helped to create the final GINA law, including a description of at least two elements noted within those congressional findings.
The Federal Trade Commission (FTC) brings a deceptive trade practice action against Beneficial Finance Company based on Beneficial's use of its ‘‘instant tax refund'' slogan.- Is this an unfair or deceptive trade practice? Explain.
One of the pressing issues for courts is mandatory sentencing guidelines. Do you believe that those guidelines provide fair sentencing for crimes for the guilty or impose unfair restraints on the judge's ability to sentence? Support your answer wi..
Finally, the client is asking for a brief note on some of the common risks faced by your company and its key competitors in this industry. Please offer five key risks. Please reference online information sources appropriately using endnotes
Do you think that all drug users have a drug of choice, What does the term drug addiction mean to you? Explain
there are no minority or foreign born employees at discrimina inc even though the local community consists of many
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