The Legal Environment of Business: Text and Cases (MindTap Course List)
10th Edition
ISBN: 9781305967304
Author: Frank B. Cross, Roger LeRoy Miller
Publisher: Cengage Learning
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Chapter 28, Problem 1CT
Summary Introduction
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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Cool Comfort currently sells 360 Class A spas, 520 Class C spas, and 230 deluxe model spas each year. The firm is considering adding a mid-class spa and expects that, if it does, it can sell 375 of them. However, if the new spa is added, Class A sales are expected to decline to 255 units while Class C sales are expected to decline to 240. The sales of the deluxe model will not be affected. Class A spas sell for an average of $13,500 each. Class C spas are priced at $7,200 and the deluxe model sells for $19,000 each. The new mid-range spa will sell for $11,000. What is the value of erosion? General Accounting
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The Legal Environment of Business: Text and Cases (MindTap Course List)
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