Section 44 False or Misleading Registration Statements

LibraryBus Trans 2005

Section 11, 15 U.S.C. § 77k, of the 1933 Act establishes civil penalties for false registration statements. A § 11 claim can be asserted against:

  • the issuer
  • the underwriters
  • any member of the board of directors of the issuer at the time of the offering
  • officers of the company who sign the registration...

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