The Jaillet V

question 78

Multiple Choice

The Jaillet v.Cashman gives indication to which of the following?

• A)Mass dissemination of erroneous financial information may give way to corporate lawsuits.
• B)Scienter leads to fraudulent reporting by the auditors in a Securities Act of 1934 filing.
• C)Rule 11 of the Securities Exchange Act of 1934 gives the plaintiff the right to sue underwriters.
• D)Criminal actions of auditors will be measured by RICO standards.

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Definitions:

Colonialism

The political and economic domination by one country over a geographically separate and distinct area and its indigenous population, often involving exploitation.

Sociologist

A social scientist who studies the social behaviors, structures, institutions, and functions of human society.

Western Science

The scientific traditions, methodologies, and practices that originated and developed in the Western world, often contrasted with Indigenous or non-Western approaches to knowledge.

Objectivity

The practice of maintaining impartiality and neutrality, avoiding bias or personal prejudice in the evaluation of information or in decision-making.