In Wyeth V

question 152

Multiple Choice

In Wyeth v. Levine, where Levine sued the drug developer Wyeth for failure to warn after she lost her forearm and hand after being given a drug by IV-push, a method known to have risks, the U.S. Supreme Court:

• A) dismissed the state court's judgment for Levine because it was impossible for Wyeth to comply with both federal and state labeling regulations
• B) dismissed the state court's judgment for Levine because it was not impossible for Wyeth to comply with both federal and state labeling regulations
• C) upheld the state court's judgment for Levine because it was not impossible for Wyeth to comply with both federal and state labeling regulations
• D) awarded Levine additional damages
• E) reversed the state court's decision for Levine and ordered her to pay Wyeth's attorney fees

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Definitions:

Information Content Effect

Refers to the impact that news or information released by a company may have on its stock price, indicating the market's reaction to new data.

Dividend Payout

The portion of a company's earnings that is paid out to shareholders in the form of dividends.

Bankruptcy Announcement

The official notice given by a company indicating that it is unable to meet its debt obligations and is seeking protection under bankruptcy laws.

Liquidating Dividend

This is a type of dividend paid by a company when it is in the process of shutting down or liquidating its operations, using the assets to pay shareholders.