In Slayton V

In Slayton v.American Express Company,where investors sued American Express for making misleading statements in a 10-Q report,the appeals court held that:

A) American Express was liable for securities fraud because the report was not sufficiently identified as a forward-looking statement
B) American Express was not liable for securities fraud,despite the fact that the report was not sufficiently identified as a forward-looking statement
C) American Express was liable for securities fraud because it did not have a separate section of the report that identified it as a forward looking statement
D) American Express was liable for all damages due to its overly optimistic statements
E) none of the other choices are correct