Medivac - Essay Example

Only on StudentShare

Extract of sample
Medivac

the law is still a question legally battle as consideration is given to the investors who may want to have such information in order to help make informed decision regarding the investment.
In this regard, the courts will find it an offence to have crossed the materiality threshold if the information was given to an investor who did not seek such information but based on making a fortune. The law prohibits such moves that are only aimed at making individuals to invest based on envisaged fortune. The case of piper v. Chis-Craft Industries, Inc. comes in handy in the understanding how the article is enforceable in law (Hazen, 2003). The supreme court in there ruling determined that there should be no private remedy in the case of competing tender offeror. The court declined to do direct compensation of any private remedy, and instead highlighted that the opinion was in pursuit of section 14 (e) - Private right of action in the hands of the target company or its shareholders (Hazen, 2003).
The Court in arguing the case of piper indicated that the motive of Williams act was to ensure further protection by furnishing the shareholder of the target information so that they could make informed choices and not that of competing tender offerors, which were considered collateral benefits to the tender offer provisions (Hazen, 2003). This shows how the article consideration for enforcement is determined. The underlying factor in this case is the intention of giving the insider information t the prospective shareholders. If the intention is the response to inquiry, then one may be considered not culpable for any violation of the statute, but if it is proved to be for the conspiracy to make a fortune for oneself then it is a violation of the act.
The federal security act was enacted following the stock market crash of 1929, which ensued the great depression in the American economy. The period lasted of about a decade and resulted into negative impact on the industrialized ...
Download paper

Summary

Professionals, and the Securities Markets—the Securities Exchange Act of 1934, sub-section E (Liabilities Under the 1934 Act) (I-Wrongdoing Related to Tender Offers: Section 14(e) (Hazen, 2003). This chapter prohibits any deliberate attempts to disclose insider information to…
Author : mattie55

Related Essays

Steps, Research Tools and Artifacts
Thirdly, the opening segment of the memo is stated divided clearly in three part; the context of problem, assignment and purpose (Geist, 2010). Then a summary segment of the memo is written suggesting brief statements of the important suggestions. Fifth, expansion into the discussion segment with all the details that support the ideas and recommendations geared towards solving the problem and future forecasts. Sixth is the closing segment, which has friendly actions that are expected of the reader to take. This part gives the ways the the reader should expect to benefit from the information...
3 pages (753 words) Essay
Consequences Of Noncompliance With The AEDA Lessons To Be Learned
That is why Congress first passed in 1967 what has come to be known as The Age Discrimination in Employment Act of 1967, with subsequent amendments and ruling which would follow as the years passed.
...
15 pages (3765 words) Essay
Legal, Environmental and Social Constraints
The regulation aimed at controlling the most polluting processes such as at power stations. The following hydrocarbon processes, as prescribed by The Environmental Protection (Prescribed Processes and Substances) Regulations 1991 (SI 1991/472), require authorization if they are likely to release prescribed substances." (Environmental legislation applicable to the offshore hydrocarbon industry (England, Scotland and Wales)
...
9 pages (2259 words) Essay
Business & Employment Law
However, and the seller enjoys the right to sell the goods or refuse to do so. This rule was reiterated in Pharmaceutical Society of GB v Boots Cash Chemists.5
...
6 pages (1506 words) Essay
Got a tricky question? Receive an answer from students like you! Try us!