Author Question: Under the Securities Litigation Reform Act of 1995, companies face reduced liability for inaccurate ... (Read 91 times)

natalie2426 · **on:** Jun 24, 2018

Under the Securities Litigation Reform Act of 1995, companies face reduced liability for inaccurate statements predicting future corporate performance.
a. True
b. False
Indicate whether the statement is true or false

Question 2

In United States v. Mead Corporation, where Mead sued Customs when it changed the classification of the planners Mead imported which resulted in Mead having to pay a 4 tariff, the Supreme Court held that:
a. the case should be reevaluated in the Court of Appeals using the Skidmore standard b. the case should be thrown out for lack of evidence
c. all rulings by Customs are equivalent to federal law so Mead had no case d. Mead should pay a 2 tariff as a compromise
e. the change in classification was unjustified so Mead did not owe any tariffs