Under Superfund, responsible parties may be strictly, jointly and severally liable for cleanup costs.
a. True
b. False
Indicate whether the statement is true or false
Question 2
In 2005, Bettina opened Bettina Brownies in a shopping mall. The brownies were a hit and soon Bettina was operating shops in several malls in Illinois. By 2012 she had expanded operations to Indiana and she decided that it was time to finance expansion through the equity markets. With an investment banker, she prepared for the initial offering of Bettina Brownies. She sold 50,000 shares of stock at 10 a share. Expansion continued. Keebler determined that Bettina was a well-run company with an attractive financial position. It began secret negotiations with Bettina to buy her interest in the business. News of the negotiations leaked. Mr. Little, CEO of Keebler, denied that they were pursuing a deal with Bettina. A month later Bettina sold her share of the business to Keebler. Shortly before Bettina sold her interest to Keebler, Joe Kelso, a carpet cleaner was working at Bettina office when he overheard discussion of the sale to Keebler. Joe bought a large number of shares in Bettina. After the Keebler sale was completed, Joe sold his stock for a substantial profit. Bettina decides that Rob's advice is not very good and opts to offer stock for sale. What must Bettina do in order to insure that her offering is legal?
a. fully disclose all material information concerning her company and the stock she is selling b. prepare a prospectus as part of her registration statement
c. prepare a Contingency Plan to explain how she would react in the event of a sudden downturn in business d. fully disclose all material information concerning her company and the stock she is selling and prepare aprospectus as part of her registration statement
e. fully disclose all material information concerning her company and the stock she is selling and prepare a prospectus as part of her registration statement and prepare a Contingency Plan to explain how she would react in the event of a sudden downturn in business
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