Legal Cases and Statutory Laws Please match the following significant legal precedents or statutory laws to the description below. Insert the letter of the appropriate description in the column below. Each letter will be used once. Insert ID (letter Item Description of best response) 1136 Tenants' Corp v. Max Rothenberg & Co A. Requires plaintiff alleging misrepresentation to state the time, place, and contents of the allegedly false representations and identity of the person making B. Auditor liability to 3d parties for ordinary negligence to "reasonably foreseeable" parties Class Action Fairness Act Credit Alliance v. Arthur C. Requires "scienter" as an essential element of the Andersen (I985) Ernst &Ernst v plaintiff's burden of proof D. Requires "privity" relationship to establish auditor liability to 3e party for ordinary negligence Hochfelder (1976) Foreign Corrupt PracticesE. Multistate class actions exceeding SS million to be Act (19 Rosenblum, Inc. V. Adler F. Supreme Court ruled that defendant negligence was (1983) filed in Federal court insufficient to establish Rule 10b-5 liability; plaintiff must prove an intent to deceive Private Securities Litigation G. Illegal acts including mail and wire fraud Reform Act (1995) Racketeer Influenced and H. Demonstrates the need for a signed engagement Corrupt Organizations Act letter when performing non-audit services (RICO) (1970) Restatement (Second) of L. Shifts burden of proof to the auditor to prove they the Law of Torts Rusch Factors were not negligent J. Extends auditor liability for ordinary negligence to 3d parties demonstrating "near privity v. Levin 1968 Sarbanes-Oxley Act (2002) K. Securities fraud cases exceeding 50 plaintiff's must Securities Act of 1933, Section 11 be filed in Federal court L. Established recordkeeping and internal control requirements for publicly traded companies Securities and Exchange M. Auditor liability to 3d parties for ordinary Act of 1934, Section 10(b) negligence to a limited group of foreseen" parties and Rule 10b-5 (even if not specifically known to the auditor) N. Requires key management members to certify Securities Litigation Uniform Standards Act financial reports 1998 Ultramares Corp. v. Touche . This case applied the Restatement (Second) of the 1931 Law of Torts guidance to an accountant's liability case