Where There Has Been a Finding of Liability for Failure

question 7

True/False

Where there has been a finding of liability for failure to make timely disclosure of a material change in an issuer's business, the liability award will be capped unless the defendant knowingly participated in the misrepresentation or failure to disclose.

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Definitions:

Ethical Absolutism

The philosophical belief that certain actions are absolutely right or wrong, regardless of context or consequences.

Lived Experience

The personal knowledge and understanding one gains through direct, firsthand involvement in everyday events rather than through representations constructed by others.

Classism

Prejudice or discrimination based on social class or perceived social class.

Natural Law

A philosophy asserting that certain rights or values are inherent by virtue of human nature and can be universally understood through human reason.