Ask Question
14 January, 00:26

Refco inc. failed to disclose in sec filings that millions of dollars of its accounts receivables were uncollectible. two months after its ipo, the company went bankrupt. answer

+2
Answers (1)
  1. 14 January, 03:50
    0
    In this case, Shareholders should filed a lawsuit against the company’s law firm, alleging that it was liable under Section 10 (b) for drafting Refco'so’s SEC filings which contained these materials. They would only be liable for their own "articulated statement" or statements of others that they had explicitly adopted
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Refco inc. failed to disclose in sec filings that millions of dollars of its accounts receivables were uncollectible. two months after its ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers