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In 2012, after working at First National Bank for six years, Billy Bryant helped establish Breakstone Capital Corporation (BCC), a venture capital firm that invested in the communications and technology sectors. BCC went public in 2014, and Bryant served as its CEO and chairman of the board. Various documents filed with the SEC stated that Bryant earned a BBA degree in accounting from Northwest University. In fact, Bryant attended Northwest for four years, but he did not graduate. After being pressured by a journalist, Bryant disclosed the misrepresentation to the BCC board. The same day, the company issued a press release correcting the statement.
The press responded negatively to "another CEO that lied about his resume" and speculated about "what else might not be right." On the day the press release was issued, BCC's stock price dropped from $32.45 per share to $16.22, but it fully recovered within a month.
Shareholders sued, alleging that the misrepresentation violated section 11 of the 1933 Act, section 10(b) of the 1934 Act and Rule 10b-5.
What else can I help you with?
Why is an acceptable use policy important in any classroom?
An acceptable use policy is important in a classroom to establish clear guidelines for student behavior when using technology. It helps ensure that technology is used responsibly, promotes a safe and respectful learning environment, and protects both students and teachers from misuse or harm online.
What is the past tense for establish?
Established.
What is the past participle of establish?
The past participle of "establish" is "established."
Can a corporation who paid property taxes on land owned by someone else for 25 years claim adverse possession?
No, payment of property taxes alone does not typically establish adverse possession. Adverse possession usually requires exclusive, continuous, open, and notorious use of the property without the owner's permission. Simply paying property taxes on another party's land does not meet these requirements.
The Pilgrim agreement to abide by any laws their new community might establish was the?
Mayflower Compact.
Why bank established as corporation in Philippines?
why bank are establish as corporation
Why corporation could not issue bonds before it sells stock?
Stock has to be there so it is corporation. PUBLIC corporation need to establish itself and show report etc. to get rating. Kind of like show pay stub to establish credit card.
Who is not a responsibility of the Federal Communications Commission?
establish affordable cable for all americans
Can an S Corp establish a SEP IRA for its employees?
Yes, an S Corporation can establish a SEP IRA for its employees.
What means of communications may be used to effectively establish a new policy?
cell phones
What means of communications may be used to effectively establish new policy?
cell phones
What goal is reached when you establish communication while conducting negotiations?
at goal is reached when you establish communications while conducting negotiations
Which device is used to establish the communications link between the customer equipment and the local loop?
modern
What technology uses a physical characteristic to establish identity?
Biometric
Which device is used to establish the communications link between the customer equipment and the local loop for digital lines?
CSU and DSU
How to establish a corporation and what are the steps involved in setting up a corporation?
To establish a corporation, you must first choose a name and file articles of incorporation with the state. Next, create corporate bylaws and appoint directors. Issue stock, obtain necessary licenses and permits, and hold an initial board meeting. Finally, file for an employer identification number and comply with ongoing reporting and compliance requirements.
Can a small business become a corporation?
Yes, most certainly. The information you'll need to incorporate a small business will be found on the Secretary of State's web site of the state where you wish to establish your corporation.
