Which of the following was the result at the Supreme Court level in Matrixx Initiatives,Inc. ,v.Siracusano,the case in the text in which the plaintiffs brought a class action alleging that the defendant violated securities laws by failing to release reports that its product,Zicam Cold Remedy,had been found to result in a loss of smell?
A) That under the "total mix" standard,the plaintiffs failed to sufficient plead materiality in regard to the alleged failure to disclose and therefore would not be allowed to proceed.
B) That although under the "total mix" standard,the plaintiffs pled materiality in regard to the alleged failure to disclose,the plaintiffs failed to sufficiently plead scienter and would therefore not be allowed to proceed.
C) That under the "total mix" standard,the plaintiffs sufficient pled materiality in regard to the alleged failure to disclose,that plaintiffs sufficiently pled scienter;and that plaintiffs would be allowed to proceed.
D) That the plaintiffs would be allowed to proceed because they sufficiently pled scienter and also presented statistically significant evidence that Zicam caused loss of smell.
E) That the plaintiffs would not be allowed to proceed because they did not present statistically significant evidence that Zicam caused loss of smell.
Correct Answer:
Verified
Q1: In the Case Opener "WorldCom," the court
Q3: Under the Restatement test, regarding liability for
Q4: The accountant-client privilege means that the accountant
Q5: The role of accountants became a question
Q7: The use of cloud computing,where data and
Q9: Many accountants and other professionals store confidential
Q11: Accountants may not be sued for malpractice
Q12: Under Section 11 of the Securities Act
Q13: Which of the following was the result
Q14: A[n] _ action is an action against
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