Company OI is a pharmacy service company that has filed a registration for public offerings. Company furnished a statement claiming that the registration was made in compliance with the state and federal laws. The federal government accused company for receiving kickbacks from pharmaceutical manufacturers. LDCCIPF and others who had bought the recent offering filed a case against OI. The claim was made that some material facts were not made available to the public for consideration. To find: A cause when a reasonable investor can complain about not providing relevant material.

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Chapter 28, Problem 1CT

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Case summary:Company OI is a pharmacy service company that has filed a registration for public offerings. Company furnished a statement claiming that the registration was made in compliance with the state and federal laws. The federal government accused company for receiving kickbacks from pharmaceutical manufacturers. LDCCIPF and others who had bought the recent offering filed a case against OI. The claim was made that some material facts were not made available to the public for consideration.

To find:A cause when a reasonable investor can complain about not providing relevant material.

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