Sentence examples for material misstatements from inspiring English sources

In July, the S.E.C. charged Citigroup with material misstatements of its exposure to subprime mortgages.

Mr. Cuomo wrote that as New York's attorney general, he had a duty to investigate "financial fraud and material misstatements".

Specifically, the proposal would require the auditor to evaluate the other information for material misstatements or inconsistencies.

Mr. Scalzo testified that employee loans were considered "low risk" for material misstatements that would affect company earnings.

He added that the Justice Department document contained "a number of material misstatements and omissions, which we look forward to having the opportunity to correct in court".

Investors must argue, convincingly, that the banks misrepresented the quality of the loans in the pools and made material misstatements about them in prospectuses provided to buyers.

The shareholder lawsuits claim that Facebook made a material misstatement concerning Facebook's revenue in the I.P.O.

In effect, this is a money-back guarantee if the registration statement or prospectus included a material misstatement or omission.

To recover damages for securities fraud, plaintiffs have to show that they relied on a material misstatement by the company.

"A reasonable possibility exists that a material misstatement of S.E.C.'s financial statements would not be prevented, or detected and corrected on a timely basis," the auditor concluded.

As such, Goldman may argue that there was no material misstatement or omission in the documents and statements that it provided investors.