What must a plaintiff assert in a Section 11 claim under the Securities Act of 1933 to
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What must a plaintiff assert in a Section 11 claim under the Securities Act of 1933 to properly allege an “opinion” statement is materially misleading? When might certain financial statement items constitute “opinions”?
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To establish a due diligence defense under Section 11 the defendant must prove that a reasonable investigation of the financial statements of the issuer and controlling persons was conducted As a resu...View the full answer
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Related Book For
Ethical Obligations and Decision Making in Accounting Text and Cases
ISBN: 978-1259969461
5th edition
Authors: Steven M. Mintz, Roselyn E. Morris
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