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- Title
MATRIXX INITIATIVES, INC. v. SIRACUSANO: REJECTION OF THE STATISTICALLY SIGNIFICANT STANDARD REOPENED THE DOOR TO SECURITIES FRAUD STRIKE SUITS.
- Authors
Leisawitz, Benjamin A.
- Abstract
The article focuses on the case considered by the U.S. Supreme Courts whether a plaintiff can claim for securities fraud under Section 10(b) of the Securities Exchange Act of 1934, when the company relied on the statistical significance for their disclosure to investors. It states that the U.S. Securities and Exchange Commission, and the Food and Drug Administration cooperatively use their legislative powers and develop industry specific calculation for determining statistical significance.
- Subjects
UNITED States; SECURITIES fraud; STATISTICAL significance; UNITED States appellate courts; UNITED States. Securities &; Exchange Commission; UNITED States. Food &; Drug Administration
- Publication
Delaware Journal of Corporate Law, 2011, Vol 36, Issue 2, p675
- ISSN
0364-9490
- Publication type
Article