A group of investors bring a class action lawsuit against the H & R Accounting Firm under SEC Rule 10b-5 of the 1934 Securities Act.Richard,an accountant with the firm,had prepared financial reports filed with the SEC for the Paymark Company.The reports contained false information of a material fact,and this led to financial loss to the investors who relied on the reports.What is the likely result of the suit?

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The Answer of A group of investors bring a class action lawsuit against the H & R Accounting Firm under SEC Rule 10b-5 of the 1934 Securities Act.Richard,an accountant with the firm,had prepared financial reports filed with the SEC for the Paymark Company.The reports contained false information of a material fact,and this led to financial loss to the investors who relied on the reports.What is the likely result of the suit?

A Group of Investors Bring a Class Action Lawsuit Against