Which of the Following Was the Result in SEC V

question 18

Multiple Choice

Which of the following was the result in SEC v.Texas Gulf Sulphur Co.,the case in the text involving whether a press release giving a misleading impression about the results of a drilling operation violated Rule 10b-5?

• A) That the company acted only in response to rumors and had no obligation to set forth additional facts regarding the drilling operation, thereby negating any basis for Rule 10b-5 liability.
• B) That the company violated Rule 10b-5 by issuing the misleading press release.
• C) That a press release standing alone may not violate Rule 10b-5 and that the company could not be held liable because it made no actionable statements outside the press release.
• D) That the company could be held liable under Rule 10b-5 but only because it issued other statements in addition to the press release.

Understand the role of paralegals in providing competent legal services.

Distinguish between the work environments of small law firms, large law firms, and corporations.

Recognize the main reasons why most paralegals start their careers in small law firms.

Understand the responsibilities of paralegals working for corporations and their involvement in legal affairs.

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Definitions:

Sensory Adaptation

The process by which sensory receptors become less sensitive to constant or repetitive stimuli over time.

Signal-Detection Theory

A means to quantify the ability to discern between information-bearing patterns and random patterns that distract from the information in the presence of uncertainty.

Just Noticeable Difference

The smallest change in intensity of a stimulus that can be detected by the sensory system.

Absolute Threshold

The minimum stimulus intensity required to be detectable by the senses.