Which of the following was the result on appeal before the U.S.Supreme Court in Matrixx Initiatives v.Siracusano,the securities case in the text involving the issue of whether an issuer must disclose known information about possible side effects of a drug that could affect the drug's stock price even though no proven statistical link exists between use of the drug and the adverse effect?
A) That a bright-line test would be applied requiring at least one civil judgment in favor of a plaintiff before a defendant would be required to disclose allegations of a link between a drug and an adverse effect and that the defendants were entitled to dismissal of the case because no showing of a civil judgment had been introduced.
B) That no statistical link between the use of the drug and adverse effects was required but that the defendants were entitled to dismissal of the case because the plaintiffs did not personally suffer adverse health effects from the drug.
C) That the defendants were entitled to dismissal of the case because the plaintiffs could not prove a statistical link between use of the drug and adverse effects.
D) That the "total mix of information" test applied in regard to the issue of materiality, that statistical proof was unnecessary, and that sufficient evidence existed for the plaintiffs to proceed to trial.
Correct Answer:
Verified
Q27: Which of the following was the result
Q29: Which of the following was the result
Q31: When can a securities fraud claim be
Q32: The materiality of a misstatement or omission
Q33: The requirement that the defendant in a
Q34: Section 20(a)imposes _ liability on every person
Q38: In relation to forward-looking statements,under the bespeaks
Q40: Which of the following represents the general
Q42: A(n)_ period is any period longer than
Q44: Which of the following is true regarding
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents