Are Misstatements In A Form 10-K Actionable By The California Attorney General?

Last week, the California Attorney General Kamala D. Harris announced that she had filed a complaint for civil penalties, permanent injunction and other equitable relief against Corinthian Colleges and three of its school subsidiaries.  Broadly speaking, the Attorney General is alleging that Corinthian Colleges has violated California consumer protection and securities laws.  Among other things, the complaint points

Form 10-K – An Accumulation Of Errors, Inconsistencies And Anachronisms?

In Act II, Scene 1 of Shakespeare’s Julius Caesar, a striking clock sparks the following dialogue between Brutus and another conspirator: Brutus. Peace! count the clock. Cassius. The clock hath stricken three. In The Lives of the Twelve Caesars (De Vita Caesarum), the Roman historian Suetonius reports that  more than 60 were joined in the plot to assassinate