Panzirer read an article in the Wall Street Journal stating that buying stock in a specific company
Question:
Panzirer read an article in the Wall Street Journal stating that buying stock in a specific company would be a wise investment. She purchased stock in that company. The company later went bankrupt and Panzirer lost her investment. She sued the company's officers, directors, and independent accountants under SEC Rule 10(b)-5, claiming that, although she had never read the company's annual report, she had satisfied the reliance requirement for fraud because she had relied on the "integrity of the marketplace," and a "fraud on the market" had been committed by the company. Who won this case, and why?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 50% (16 reviews)
It is doubtful Panzier could win this case Imagine the number of lawsuit...View the full answer
Answered By
Gauri Hendre
I worked as EI educator for Eduphy India YT channel. I gave online tutorials to the students who were living in the villages and wanted to study much more and were preparing for NEET, TET. I gave tutions for topics in Biotechnology. I am currently working as a tutor on course hero for the biochemistry, microbiology, biology, cell biology, genetics subjects. I worked as a project intern in BAIF where did analysis on diseases mainly genetic disorders in the bovine. I worked as a trainee in serum institute of India and Vasantdada sugar institute. I am working as a writer on Quora partner program from 2019. I writing on the topics on social health issues including current COVID-19 pandemic, different concepts in science discipline. I learned foreign languages such as german and french upto A1 level. I attended different conferences in the science discipline and did trainings in cognitive skills and personality development skills from Lila Poonawalla foundation. I have been the member of Lila poonawalla foundation since 2017. Even I acquired the skills like Excel spreadsheet, MS Office, MS Powerpoint and Data entry.