Which of the Following Was the Result in Hartleib V

question 59

Multiple Choice

Which of the following was the result in Hartleib v.Sirius Satellite Radio et al.,the case in the text in which shareholders of Sirius sued Sirius XM after a merger claiming that Sirius executives decreased stock prices by entering into agreements with XM to the effect that both companies would refrain from looking at other merger deals?

• A) That the plaintiffs' generalized statements failing to identify specific wrongful acts and coming after changes in board membership were insufficient.
• B) That the plaintiffs' statements, while generalized, were sufficient but that the plaintiff failed to file the complaint in a timely manner.
• C) That the plaintiffs' statements were sufficiently specific, that the complaint was filed in a timely manner, and that a trial would be conducted later.
• D) That the plaintiffs' statements were sufficiently specific, that the complaint was filed in a timely manner, and that the plaintiff was entitled to damages as a matter of law.
• E) That the plaintiffs had no authority to proceed after the merger.

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Definitions:

Implied Warranties

Unstated guarantees assumed in a sale, that a product will meet a minimum level of quality and functionality.

As Is

A term used to describe the sale of goods in their current condition, without any guarantee or warranty by the seller.

Merchant

An individual or company engaged in the buying and selling of goods for profit.

Technical Manual

A document that provides instructions, specifications, and guidelines for the operation, maintenance, or understanding of a specific system or product.