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Question
Fact Pattern 41-2The government investigates Ross's buying and selling of Small Business Company (SBC) stock, the media reports on the investigation, and the value of the stock drops. At a conference attended by investors, Ross briefly defends his actions before making a presentation on a different topic. Other presentations on other topics by other individuals and companies follow.
Refer to Fact Pattern 41-2. Suppose that the government files charges against Ross for fraud in connection with the purchase and sale of securities. Under the decision of the court in Case 41.3, United States v. Stewart, to succeed, the government must prove
a. only that Ross bought and sold SBC stock.
b. scienter on the part of Ross and SBC.
c. scienter on the part of Ross only.
d. scienter on the part of SBC only.
Answer
This answer is hidden. It contains 1 characters.
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