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johnsons517 johnsons517
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6 years ago
In City of Livonia Employees Retirement System v. Boeing Co, City sued Boeing on behalf of all persons who bought Boeing stock in a certain time period on the basis that the company was overly optimistic about the time schedule for the new 787 aircraft. When problems with the plane developed, the stock fell ten percent. Suit claimed that company executives made false statements about the plane, so committed securities fraud. The appeals court held that Boeing was overly optimistic in its forecasts about its financial future so was liable to investors who lost money when things turned out worse than expected.
 a. True
  b. False
  Indicate whether the statement is true or false
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Trejo1426Trejo1426
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6 years ago
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johnsons517 Author
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6 years ago
Good timing, thanks!
aznzergs
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Yesterday
This site is awesome
jcarter
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2 hours ago
Correct Slight Smile TY
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