Which of the Following Cases Upheld the Requirement That Plaintiffs

question 93

Multiple Choice

Which of the following cases upheld the requirement that plaintiffs demonstrate scienter when bringing action under the Securities Exchange Act of 1934?

• A) Ernst & Ernst v. Hochfelder.
• B) Escott v. BarChris Construction Corp.
• C) Smith v. London Assurance Corp.
• D) Ultramares.

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Definitions:

Price

The amount of money expected, required, or given in exchange for something.

Peanut Farmers

Individuals or entities engaged in the cultivation and production of peanuts as a crop.

Total Revenue

The total income generated by a firm from selling its goods or services, calculated by multiplying the selling price per unit by the number of units sold.

Bushel

A measure of volume that is used in the United States for agricultural crops, equivalent to approximately 35.24 liters.